Some online gold dealers will not accept tumbled or shared coins - page 2.

Light

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Circa 2010

Quote from: CryptoPanda on April 15, 2014, 01:07:40 AM

How exactly they determine they have been tumbled?

Having your address in a tx with like 50 different recipients might give it away. Although honestly, I don't see how it really has to do with AML/KYC procedures given that even with standard txs no one really knows where its coming from and who its going to anyway.

CryptoPanda

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How exactly they determine they have been tumbled?

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Peter R on April 14, 2014, 09:30:23 PM

Quote from: OROBTC on April 14, 2014, 07:44:07 PM

...

I saw at Zero Hedge today that apparently some gold dealers will not accept tumbled nor shared BTC.

I do understand that people have their reasons for making their BTC a little harder to track.

But, the gold dealers still have to ship their coins... So, what's the problem? This may be a very n00b question, but I always thought a Bitcoin was a Bitcoin.

Some piece of information is missing here. How do they discern a "tumbled" bitcoin, from a "shared bitcoin," from a plain old bitcoin? They are all the same thing. If you trace the taint in any bitcoin you hold, it will link back to tons and tons and tons of addresses, some of which that were under your control and some of which that were not.

Perhaps they can't discern that and are simply giving lip-service to regulators, in essence saying to the public, please do not spend "tumbled" coins here, but if you do, we can't stop you.

Peter R

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Quote from: OROBTC on April 14, 2014, 07:44:07 PM

...

I saw at Zero Hedge today that apparently some gold dealers will not accept tumbled nor shared BTC.

I do understand that people have their reasons for making their BTC a little harder to track.

But, the gold dealers still have to ship their coins... So, what's the problem? This may be a very n00b question, but I always thought a Bitcoin was a Bitcoin.

Some piece of information is missing here. How do they discern a "tumbled" bitcoin, from a "shared bitcoin," from a plain old bitcoin? They are all the same thing. If you trace the taint in any bitcoin you hold, it will link back to tons and tons and tons of addresses, some of which that were under your control and some of which that were not.

acoindr

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It looks like goldsilverbitcoin.com is simply trying to comply with AML/KYC. I don't see any big deal. Here is the actual link: https://www.goldsilverbitcoin.com/anti-money-laundering-policy/

OROBTC

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...

http://www.zerohedge.com/news/2014-04-14/priceless

Look for comments by "DoChenRollingBearing" (who?) and "seek". I am kind of surprised not to have run into seek over here.

acoindr

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Are you going to provide a link?

OROBTC

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...

I saw at Zero Hedge today that apparently some gold dealers will not accept tumbled nor shared BTC.

I do understand that people have their reasons for making their BTC a little harder to track.

But, the gold dealers still have to ship their coins... So, what's the problem? This may be a very n00b question, but I always thought a Bitcoin was a Bitcoin.

Topic: Some online gold dealers will not accept tumbled or shared coins - page 2. (Read 1873 times)