Obscurity via Cross-Coin Exchanges
grarpamp at gmail.com
Fri Mar 7 15:23:27 PST 2014
On Fri, Mar 7, 2014 at 4:43 PM, Cathal Garvey
<cathalgarvey at cathalgarvey.me> wrote:
> As a way for an individual to "launder", does this look plausible? Is it
> any better or worse than laundries as they currently exist?
Cross coin exchanges are guaranteed free of crypto taint, so that's better.
Cross coin may not require KYC due to not touching fiat, so that's better.
But you still have two of the same risks as with same chain exchanges...
- logs held by the exchanger
- watching the amounts in/out. Cross coin is a bit better here for swaps
of casual consumer amounts due to the addition of the variable exchange
rate (whereas typical same coin swaps have merely their [in]variable fees).
Don't expect to securely swap $1m in one easy overnight shot.
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