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You're acting as if it's trivial to track how this money is moving around. They're called cryptocurrencies for a reason.
by kneel 9y ago
You're acting as if it's trivial to track how this money is moving around.
They're called cryptocurrencies for a reason.
- will_brown 9y ago“Cryptocurrency” is a marketing term for what is really just a time stamp on a distributed ledger. Not only is it easy to track movement on these distributed ledgers, the vast majority of wallets are on exchanges like Coinbase that comply with KYC laws and directly hand over account information to the IRS.
- kneel 9y agoYou can track movement on the ledger but you don't really know who is who once you get two hops from an exchange. It's pretty simple to hide your tracks, especially if you're not concerned with moving back into fiat. As adoption continues tracking will become murkier.