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15 sats \ 1 reply \ @justin_shocknet 9 Sep -100 sats \ parent \ on: Can You Safely Launder Bitcoin? And How Much? AskSN econ

What does Iran give in return to the entity giving them the Bitcoin? How does Russia then use the coin? Hope a swiss bank then takes it so they can buy US chips?

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115 sats \ 0 replies \ @OT 9 Sep

I can think of a few things. They buy at a 50% discount then sell at 25% discount.

They can use it to trade drones, wheat, water etc.

They could also sell to criminals who know how to launder money.

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