Everyone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"
If one of two options can't be regulated or tracked, that is the option that will predominantly be used by actors who have outsized interest in being regulation or being tracked.
Contrary to a lot of comments here, the only way to use bitcoin (or any cryptocurrency) without tracking is to mine it yourself, and even then...
Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do?
If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to pay customs on it, and have it actually get through customs. At best, your address is in a database now.
Have it shipped somewhere obscure? Video cameras are everywhere.
Have it shipped to someone else's house and steal it off their porch? Again, cameras everywhere.
Not have a physical item? Just a service? That's pretty much the closest you'll get to anonymous money transfer and full usage (along with whatever VPN you prefer).
Cool that was a fun mental exercise. Now everyone tell me why I'm wrong!
It's great for transactions where moving a large amount of money would be impossible due to KYC laws and smuggling the cash even more so. As long as you can find someone willing to sell you bitcoin and someone else willing to accept it, you're still in business.
Originally there is mixer parties. That was taken down massively in the covid years. That is the one that can trackless. Currently the only one that near impossible to track is Monero. But that is actively suppress worldwide. You rarely heard it and any YTber promoting it, usually algo suppressed. Now crypto are even more trackable than bank transfer. I guess cash and maybe diamonds is still king.
Binance is not an American company and sending money to Iran or Palestine or Hamas is something should not be up to Americans to decide, i personally will not accept Americans be the police of the world they did so much horrible things and terrorising Muslims for so many years.
I hope for the day the world will be decoupled from dollar as universal currency. That day countries will free to trade with each other without worrying about some orange head with low IQ.
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[ 2.8 ms ] story [ 46.6 ms ] threadEveryone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"
Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do?
If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to pay customs on it, and have it actually get through customs. At best, your address is in a database now.
Have it shipped somewhere obscure? Video cameras are everywhere. Have it shipped to someone else's house and steal it off their porch? Again, cameras everywhere.
Not have a physical item? Just a service? That's pretty much the closest you'll get to anonymous money transfer and full usage (along with whatever VPN you prefer).
Cool that was a fun mental exercise. Now everyone tell me why I'm wrong!
NFTs solved that problem by providing plausible cause of "I got the money from selling this money image for 100,000 USD"
I hope for the day the world will be decoupled from dollar as universal currency. That day countries will free to trade with each other without worrying about some orange head with low IQ.