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100 sats \ 8 replies \ @000w2 20h \ parent \ on: My Own Little Economic Node and Thoughts bitcoin
If you used coinjoined coins to pay on-chain, they will probably cancel your order...
they were just fine with it :)
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that's lame. I used btcpayserver option to pay them. Did you use the other crypto options ? perhaps those services overlay some compliance.
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Doesn't matter. They most likely have a subscription to one of those taint-analysis services to protect them from their utxos being in turn rejected by exchanges and they just query for the utxo and get a "score". If it had a coinjoin in its history the service flags it as high-risk. Not because you did anything wrong but because it cannot determine whether you did anything wrong.
The underlying problem is the need for fiat conversion for these businesses because on the liability side they don't have significant bitcoin denomination. This makes them have massive exposure to the exchanges and the AML crap forced upon these.
This is why the AML / compliance regime is so bad for Bitcoin - you're automatically assumed guilty.
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100%. but, what's nice about bitcoin is that there is still the ability to route around it at the margins (for now). For example, the business could accept btc out of band (say via simplex comms just providing a wallet address) and then sell it peer to peer. Is it annoying ? Yes. Is it possible with all your business acitivty ? Heck no. But the fact that it is still possible is important, as it puts pressure on the existing framework to perhaps change or ...as AML becomes more oppressive the alternative ways to use btc becomes less annoying and used more in spite of the risk.
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