What if we took the art market, where prices can be whatever, so it’s really easy to launder money. Then we let people easily set up multiple accounts for wash trading. And we supported currencies held in stupidly large amounts by people who can’t legally use them for anything useful.
Step 1: Say blockchain to an investor
Step 2: Tell them you will use it to sell a new thing.
Step 3: Tell them that no one has ever done it before, and it’ll be the next hot thing.
What if we took the art market, where prices can be whatever, so it’s really easy to launder money. Then we let people easily set up multiple accounts for wash trading. And we supported currencies held in stupidly large amounts by people who can’t legally use them for anything useful.
It’s all fun and games until they’re prosecuting you under the RICO act ;)