Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mixing is NOT money laundering, per se
by
macson
on 16/05/2023, 17:30:55 UTC
Some clarification is needed to this board due to the recent incident with ChipMixer.

To all advocates of anti-anonymous Bitcoin and Internet tools: Bitcoin mixing is NOT money laundering, per se.

snip

P.S.: You can't have privacy without money laundering due to the nature of humans-- by the way, the opposite does not necessarily hold true.
the government that banned bitcoin Tumblr said that mixing was a place for money laundering but they did not explain in detail the difference between money laundering and the use of mixing itself causing ambiguity in society.  before there was bitcoin, officials and criminals used houses, land, gold and valuables like cars to launder money but when bitcoin appeared, some used bitcoin as a money laundering option but they thought bitcoin was just like any other untraceable, that was a big mistake, actually people who do money laundering with bitcoins are very easy to trace.  So it's actually important that the advertisement explaining the true function and purpose of mixing is reported so that confusion in the community about what mixing is doesn't spread.