> poisoned by 'black' bitcoin.
Can you expand further on this? Is there a public list of blacklisted addresses we can download/query? How far does the association extend for an address to be blacklisted by other entities?
Can you expand further on this? Is there a public list of blacklisted addresses we can download/query? How far does the association extend for an address to be blacklisted by other entities?
For this reason I would suggest using btcpayserver to only accept monero, since it is fungible like cash; for other cryptocurrencies I just don't know how to check if you're dealing with sanctioned entities etc without a middleman
1 BTC is better thought of as a booster pack of 100,000,000 NFTs.
The bitcoin blockchain is public. This means the transaction history of every single bitcoin can be traced. It also means bitcoins are not fungible, you can tell bitcoins apart from each other.
If your bitcoin has ever touched a criminal wallet, chances are it will be blacklisted. Exchanges will refuse to accept it.
> Is there a public list of blacklisted addresses we can download/query?
Yes.
https://www.treasury.gov/ofac/downloads/sdnlist.txt
It's also interesting how the US treasury tried to blacklist a Monero wallet and ended up sanctioning a transaction hash instead.
> Digital Currency Address - XMR 5be5543ff73456ab9f2d207887e2af87322c651ea1a873c5b25b7ffae456c320;
Note the lack of a 0x prefix. Here's the transaction on a block explorer:
https://localmonero.co/blocks/search/5be5543ff73456ab9f2d207...
> How far does the association extend for an address to be blacklisted by other entities?
I don't know. I've seen some exchanges refuse to accept bitcoins from "unhosted" wallets, meaning they consider all non-exchange wallets to be tainted.
Legitimate merchants and users in bitcoin ecosystem should push back against overreaching censorship, and treat bitcoins as fungible commodity. Merchants and users shouldn't start censoring transactions themselves. If there's a problem at an exchange, it should be boycotted and forced out of business.
Also, if you're using Bitcoin with Lightning Network only, it's not possible to become associated with blacklisted addresses.
This is not true, there are many ways to gain information on those transactions.
> Some exchanges have been known to blacklist addresses, because they might have to follow certain AML/ATF orders. That's also why they don't accept completely anonymous cryptocurrencies like Monero at all.
It is necessary to react when you receive funds linked to illegal activity. Pretending that BTC is fungible when it is not can't change that. Accepting fungible goods like monero, cash, gold is generally legal though. So exchanges like Kraken do trade Monero but still do their due diligence on BTC transactions