Originally Posted by
AxelWolf
Originally Posted by
kuma
Druff — are you saying you still need a blockchain.com account with Binance, or just Coinbase? I have not had trouble moving between online books and Coinbase, but was under the impression they had no idea where BTC was coming from / going to. Now you have me scared.
if a casino keeps using the same wallet addressed for all of its depositing players then then coinbase should certainly be able to figure it out. I'm sure they can figure it out other ways as well.
I have not yet had any problems, but as I said in one of my other post, there have been people that have had problems with CB regarding using it to gamble online.
Blockchain stuff is anonymous in certain ways but totally not anonymous in others. The problem with BTC is that it has to keep track of what goes in and out to make sure the books are correct. These books never go away. There are some ways around this in other cryptos but they add overhead to the coin.
It isn't like a big pile of anonymous cash all mixed up and untraceable on the way out. They trace your coins by what they're sent out with and there are third-parties that maintain databases. It is somewhat complicated, but we could draw it out on a whiteboard what can be inferred. The incoming address has little to do with the tracing ability. Everyone who deposits has their own address AFAIK, often having it change constantly. It is when you withdraw, or they mix your coins in with someone else's coins on a withdrawal that the inference/tracing happens.
However, last i knew if you sent BTC somewhere else, then to the destination being discussed, the coinseller has no idea who the intermediary is and so they're absolved. It isn't that these institutions personally care what you do with the coins, they just have to show they didn't know you're doing criminal activity. (playing poker online)