On: A16Z is re-registering as a financial advisor, ren...

[elliekelly]

When it comes to laundering money and ponzi scheming cryptocurrency is second to none in terms of cost, risk & speed.

Edit: Strugglinng to type on my phone.

[QuackingJimbo → elliekelly]

You got me there. I am in the 99th percentile of crypto bears but I myself have used Bitcoin very effectively to buy illegal drugs, buy illegal steroids, and bet on sports illegally. Bitcoin is truly second to none in these domains.

[3mtj20 → QuackingJimbo]

If you're doing those things because you think your transactions are anonymous...you're putting yourself at risk. Bitcoin is not private, like at all.

[seibelj → elliekelly]

You are 100% wrong! Traditional banks have order of magnitude more fraud than crypto, and the nature of blockchain makes it extremely easy for analysts to trace money laundering with little effort. Google “chainalysis”