Reply to post: Re: What can you spend the tokens on?

China bans cryptocurrency fundraising schemes

Anonymous Coward
Anonymous Coward

Re: What can you spend the tokens on?

There are a lot of 'phantom' transactions that occur with Bitcoin because of mixers/tumblers that are designed to obfuscate transactions by breaking everything up into tiny pieces and moving it through the system separately.

i.e. if I wanted to pay you $50,000 in bitcoin to "make a problem go away", but neither of us wanted this transaction recorded for the Feds to possibly trace later, it might end up causing several dozen or who knows even several thousand transactions depending on the mixer.

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