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21 sats \ 3 replies \ @stack_harder OP 17 Dec \ parent \ on: if the satoshi stack was lost to a quantum hack , how would anyone launder it? bitcoin
yeah, I'm not buying into the quantum fud, it's more wondering about the logistics of how the sacred stash could even be laundered
Ultimately I think we should just let it happen. I'm not saying that will be a "good outcome" but will be the least bad outcome.
Anything involving getting miners to censure the transactions (which I know you aren't suggesting) or "invalidating old coins" will kill the entire premise of bitcoin and will be the point where I probably start selling.....
As for mechanics of how they would do it...lots of coinjoins and more importantly lots of random sends....
Send 10,000 BTC to random known public addresses.....essentially throw enough of the coins into other innocent peoples wallets that it creates an untraceable mess.
Imagine some random charity getting 100,000 BTC "donation", etc. Random addresses on internet getting 1000 BTC each, etc.....
The attacker could still be left with 200,000+ BTC of mixed coins that could then be used in small batches and probably be undetected.
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do you think the attackers would eventually get caught? it seems like whoever big money is involved in anything, there is always a slip-up that leads to an arrest, whether it's too much flexing or gossiping.
also, do you think the punishment would be super harsh? the guy convicted in bitfinex literally only got 5 years and the woman didn't even do time, she's back at crypto conferences. which seems highly odd
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