Thanks for the quotes Loyce!
How about curses?
Except that I forgot to mention one thing: The 1 mBTC you’ll receive has a curse associated with it
As said, those opposed received some cursed coins
If this doesn't show how much BS the idea of "tainting" is, I don't know what does
Note that this isn't about exchanges freezing funds owned by drug dealers, that's understandable. It's about freezing funds from the bar where the drug dealer bought his coffee.
Do you have any evidence that this is happening?
No, it was a theoretical example.
I don't think it would be difficult for a blockchain analysis company to see the difference between someone buying $100 worth of drinks at a bar, and a someone selling $100,000 worth of coin.
The $100,000 might get more interest, but does that mean the "taint" disappears for small transactions? It sounds arbitrary.
And what if the miner gets a transaction fee from a drug dealer? Or if the drug dealers pays a very high fee to a friendly miner who gives him back fresly mined coins?
For who hasn't read it yet:
ChipMixer explains it nicely:
Furious you go for coffee. Barista shows you printed QR code. You mindlessly pay 0.1 mBTC with your mobile wallet. Your blockchain privacy has been lowered. How?
Baristas deposit address is printed which means it has been used by every bitcoin-using customer. Everyone around seen you pay with Bitcoin to public address and they can check your transaction to know your public address and how much Bitcoin you have. Bob is not there but he also knows where and when you have been drinking. Your coffee-induced habit has been recorded on blockchain forever.
You go out to your favorite vegan store. You try to pay when owner checks something on their computer and visibly reddens. They start shouting about unfair practices and slavery of coffee plantations. You are banned and cannot come back. What happened?
Baristas public address is well known. Vegan store owner may check if somebody transacts with them. When you paid for coffee - they did not know. But your vegan transaction is linked to previous transaction making it impossible to hide. If you could mix your Bitcoins you would have avoided that.
So, we now have cursed Bitcoins. I bet church can sell blessed Bitcoins at a premium. And vegan Bitcoins. Meat Bitcoins. Coffee slave Bitcoins. Drug Bitcoins.
Or just Bitcoins. I'll go for that.
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