Is there a tool to find out if some #bitcoin is tainted? #asknostr
Discussion
What is tainted Bitcoin?
Due to #bitcoin lack of fungibility, some can refuse to take “tainted” coins and others can even accuse the holder to the “crimes” around that coin.
I still don't get it. How is Bitcoin not fungible? And why are the coins tainted. It's just transaction in a ledger. There are no actual coins. Like if someone used a dollar to commit a crime. And then later you have that dollar, it's still spendable, right?
Just because it is a public ledger is possible to “follow” the coins. Lately I had a problem in a CEX, luckily they returned the #btc but I heard about cases that they “kidnap” it till you go thru KYC or prove where you got it
This is the truth but the DoJ, SEC, IMF, etc have the goal to control every dollar in the world. They already do this with digital fiat. They already do it with most assets.
KYC is the enemy.
It's Bitcoin that either won't be accepted, will be accepted and then confiscated, or will be accepted at less than the market price, because it has a bad history. This thankfully cannot be done with Monero, which is why I prefer it because I don't think my money should have a history associated with it.
I don't know much about monero.