Earn Bitcoin as blackhat, then use it to order pizza to your real address. Seems like a solid plan.
Go to Alphabay and purchase some drugs. Buy MDMA at $9-20/g, sell it at $80-100/g. Buy LSD at $1/blotter, sell it at $10 a blotter. Buy Xanax at $0.90/pill, sell it at $2-5/pill. Obviously you need to make some connections for this to work.
The idea is to put yourself at less legal risk, not more. The penalties for drug dealing are pretty harsh in most of the world.
I tried tracing Bitcoin transactions once. Not being a security professional in any way, you should take my opinion with a grain of salt, but what I found was that if you send the coins through a mixer, it's probably impossible to figure out where they went afterwards. There's just way to many ways to obfuscate where they ultimately end up, with even a bit of effort. With proper precautions, I would not expect to be tracked down through the coins themselves.
Also anyone who can trace bitcoins just won't let themselves be in such a position to begin with.
You would first have to use a coin tumbler (that you can trust) for this to work?