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Comment by zelly | Hacker News Reader

It's not. All of the DNMs have switched to Monero already. Ransomware is also changing to Monero. Anyone using Bitcoin for illegal stuff at this point will be caught.

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Correction: Anyone running a large business using bitcoin for illegal stuff is likely to be caught at this point.

+1 nice correction.

Correction: Anyone running a large business using bitcoin for illegal stuff that isn't based some place like Russia is likely to be caught at this point.

Even the 1Feex wallet that has the stolen Mt. Gox funds (now worth $5B) hasn't been touched. Bitcoin has been radioactive for illegal stuff for a while.

Or the owner might just have died or might be in prison. I'm pretty sure that the reason for not moving those coins is because BTC is radioactive. It might be partly a reason, but surely not the only reason. If you really needed the money you could try several methods to launder them.

You could try, but miners aren't going to include a transaction from that address in a block, especially not to some sort of mixing service.

It takes something pretty extreme to get the consensus of enough miners to matter, but the hack of Mt. Gox was that extreme.

This is not true.

We'll probably never find out, but there are plenty of blacklisted addresses miners won't touch. Ignorance of this is revealing.

What miners are blacklisting addresses? $623m in hacked Bitfinex funds were moved today without issue.[1]

[1] https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-...

I am deeply familiar with these systems. Maybe there are miners out there doing this, but it's not widespread enough to have any impact.

Transactions are broadcasted well before they are included in a block, so we'd know immediately if it happened.

>All of the DNMs have switched to Monero already.

This is bullshit. WHM switched to Monero, not "all of the DNMs"

Had to Google

DNM == Dark Net Market WHM == White House Market, a large DNM

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