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There is a reputation system on basically all p2p exchange sites, they wouldn't be able to scam for long.

> running into a sting

This was the basis of Operation Dark Gold. They had a ton of other evidence against the people they rounded up, I think it just helped them find targets. Receiving cash in the mail is not illegal.

How do you get the physical envelopes of cash without detection?

Use someone else's address and rob their mailbox.

Federal crime right there. Add conspiracy too.

Not only it is a federal crime punishable by five years , there is a specialized police force for it, the USPS Postal Inspectors.

Is that really challenging? Mailing paper through the mail without getting flagged? Sending money isn’t illegal in and of itself.

You also have to contend with a terrible conversion rate.

"terrible"?

We're talking about 1e9 orders of magnitude, here. I'll take that fraction.

I've never seen a conversion rate that good on BTC-cash