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They can gift some Teslas
Or make a donation 1GVR2qbKgT4uVUQMYVgPhQxFcKRJBVYMo4 I actually wonder what would happen to me, if I suddenly received some of that stolen bitcoin.
Earlier quoted context omitted.
Or make a donation 1GVR2qbKgT4uVUQMYVgPhQxFcKRJBVYMo4 I actually wonder what would happen to me, if I suddenly received some of that stolen bitcoin.
>1GVR2qbKgT4uVUQMYVgPhQxFcKRJBVYMo4 A 1xxx addie? In 2021? Come on dude.
Is that money trapped in the system? The moment they sell to USD that account is now linked to a real person no?
On the Bitcoin side you can "wash" it by mixing it with other coins, or deposit/withdraw it through multiple exchanges.
Then on the output side, you can get rid of it through shell companies or through less reputable sites, or into countries that won't extradite criminals.
So - it's definitely harder than normal, but I think you could find a way.
Here’s an interesting question — if you receive BTC from one of these addresses as payment for something, do you refuse it? You know it’s stolen and you might worry someone else who you might pay in the future would be able to track down that it’s stolen, so do you ask for “clean” BTC that isn’t linked to known theft? I don’t necessarily know the answer here. This is something that you can’t do with paper bills
You cannot refuse a BTC transaction. You could return it in a subsequent transaction, and pay the transaction fee, but I would imagine your address would be forever tainted by a number of illicit address/transaction tracking algorithms.
Here’s an interesting question — if you receive BTC from one of these addresses as payment for something, do you refuse it? You know it’s stolen and you might worry someone else who you might pay in the future would be able to track down that it’s stolen, so do you ask for “clean” BTC that isn’t linked to known theft? I don’t necessarily know the answer here. This is something that you can’t do with paper bills
Earlier quoted context omitted.
>1GVR2qbKgT4uVUQMYVgPhQxFcKRJBVYMo4 A 1xxx addie? In 2021? Come on dude.
What’s wrong with 1-prefixed addresses?
Is that money trapped in the system? The moment they sell to USD that account is now linked to a real person no?
Earlier quoted context omitted.
>1GVR2qbKgT4uVUQMYVgPhQxFcKRJBVYMo4 A 1xxx addie? In 2021? Come on dude.
What’s wrong with 1-prefixed addresses?
"Legacy addresses start with the digit “1”. These Pay-to-Public-Key-Hash (P2PKH) addresses were once the standard address type up until August 2017. Many now advise against using them. Why?
Legacy addresses incur the most expensive transaction fees when sending payments. They also limit the Bitcoin network's ability to scale. And their case-sensitive nature often causes unwanted errors."