Shatnerz
Joined 9 years ago
Joined 9 years ago
Well do I have a game for you: https://en.wikipedia.org/wiki/Progress_Quest
Well one of the problems here was the sanctioning of a technology, which AFAIK has never happened previously.
Exchanges have the means to work with regulators, demonstrate good faith, and get themselves removed from any accidental sanctioning. This doesn't exactly apply to small tips akin to BuyMeACoffee.
But in general, I agree that cryptocurrencies could help the problem, but it still carries the compliance and AML risks unless you can outsource that to a 3rd party. What happens if you accept funds from an OFAC or other sanctioned account? Violating AML can come with huge fines and is generally just a massive headache. Cash doesn't have these issues as the evidence is generally impossible to track well. With nearly all cryptocurrencies, the entire ledger is open, so if you accidentally accepted payment from the wrong person, you could get royally screwed at some later time.
""" After crunching a lot of data, they found that the only thing the productive employees had in common (other than having made it through the Bell Labs hiring process) was that "Workers with the most patents often shared lunch or breakfast with a Bell Labs electrical engineer named Harry Nyquist. It wasn't the case that Nyquist gave them specific ideas. Rather, as one scientist recalled, 'he drew people out, got them thinking'" (p. 135). """
I believe it is actually "structuring".
Layering is a step in money laundering where layers of legitimacy are added as money moves around. Structuring is breaking larger transactions into smaller transactions in order to avoid detection. Smurfing is also similar to structuring and honestly I don't understand the difference well enough to explain, but they are often used interchangeably in my experience.
edit: Here is a short educational video on the topic of money laundering: https://www.youtube.com/watch?v=RhsUHDJ0BFM&t=90s