pull down to refresh

OK, that's a different question but I'll try to answer it as well.
Despite its name money laundering covers not just money but any valuable. A better name would be value laundering. If ML charges could be avoided by shifting value into, say, gold, then somebody would make a gold payment network a long time ago.
This reminds me of a second amendment discussion-guns don't kill, people do. Just because a network can be used illegally doesn't make it a money laundering network. Every time the US mint produces a dollar bill, are they engaging in money laundering through their physical dollar network?
reply
54 sats \ 1 reply \ @om 29 Apr
Exactly. If cash didn't exist until now and somebody would propose introducing it, the proposal would be brutally shot down on ML grounds.
reply
I agree. There's nothing preventing the argument that it has become even more so as we move to a cashless society. LN has a much more legitimate use case.
reply