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The governments can only slowdown cryptocurrency revolution but they can't stop it. BTC, LTC are traceable, so you can still track down owner (although it may
by hal9000xp 9y ago
The governments can only slowdown cryptocurrency revolution but they can't stop it.
BTC, LTC are traceable, so you can still track down owner (although it may be extremely difficult in some cases).
But with technologies like zero-knowledge proof in ZCash, you have untraceable money.
So at some point, when cryptocurrencies hit mainstream, you may see the situation when people start exchange goods and services directly in ZCash or Monero. I just don't see how government can shutdown this.
I don't see how governments can crackdown cryptocurrencies completely. So in long term, impact of cryptocurrencies on global economy is inevitable.
- PakG1 9y agoThe same way they investigate individuals or businesses they suspect of lying on their tax returns. Look for suspicious patterns, investigate records, reward guilty ones with fines or jail time.