Hacker News new | past | comments | ask | show | jobs | submit login

The problem is getting the money out. Two issues : fundamentally you suddenly have a large amount of unexplained wealth, if you imagine that state authorities will shrug, smile and nod good luck to you think again. It is possible to use the money as a supplement to a middle class lifestyle and to find ways to get it laundered, but the first tactic is disappointing for people who wanted hot and cold running champaign on their yacht, and the second is very expensive and risky. The second big issue is that no amount of tumbling is really going to launder bitcoin, yes, you mixed it up with other people's tokens, but $4m came into the tumbler and $3m left in your direction, no court will fall for this... Just as if you put $4m in a bank account and then walked away with $3m from a different account at the same bank, the money followed you.



Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: