Bitcoin Violates Principle of Fungibility

[chmod755]

Which exchange holds back tainted coins? I didnt hear from any.

AFAIR some exchanges ask you to provide personal information (ID, proof of residence) before releasing tainted coins back to you or allowing you to trade them.

[SebastianJu]

Which exchange holds back tainted coins? I didnt hear from any.

AFAIR some exchanges ask you to provide personal information (ID, proof of residence) before releasing tainted coins back to you or allowing you to trade them.

Might be similar to banks where someone wants to pay its money in but one of the serial number matches one of a bank robbery or so. Though i guess at the end only stupid persons will be found that way. Real gangster most probably know how to wash that money. It should be the same for Bitcoin. So i guess again only the innocent will be catched.

[blablaace]

stolen funds can always be laundered easily enough

[smoothie]

stolen funds can always be laundered easily enough

Yes you could mix stolen coins, but at the end of the day someone somewhere is going to get tainted coins. Perhaps not the thief or scammer.

[brg444]

stolen funds can always be laundered easily enough

Yes you could mix stolen coins, but at the end of the day someone somewhere is going to get tainted coins. Perhaps not the thief or scammer.

There is no such things as tainted coins.

[smoothie]

stolen funds can always be laundered easily enough

Yes you could mix stolen coins, but at the end of the day someone somewhere is going to get tainted coins. Perhaps not the thief or scammer.

There is no such things as tainted coins.

Let's define "tainted coins".

Coins that can be linked to a theft or scam.

Now there is such thing as that because if businesses/exchanges decide not to accept those coins as "legitimate"...now you have tainted coins.

It may not be ACTUALLY tainted, but the fact that coins came from a particular address of a scam/theft ...does imply they can be viewed as TAINTED.

remember evolution and btc-e? Just a precedent that was set.

Didn't MTGOX do the same thing with bitcoinica?

 

[SebastianJu]

stolen funds can always be laundered easily enough

Yes you could mix stolen coins, but at the end of the day someone somewhere is going to get tainted coins. Perhaps not the thief or scammer.

Most probably not the thieves or scammers. They would know how to wash these coins. And they could do it in a way that they would not reveal their identity.

This tainting idea would only hit the innocent bitcoiners hard. Scammers would not be affected. Or maybe some stupid ones would be.