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How many bites of the pie did you lose during those 4 transactions? Besides, you still need to convert DAI to fiat to use it IRL in most ways, DAI is just anoth
by Karunamon 6y ago
How many bites of the pie did you lose during those 4 transactions? Besides, you still need to convert DAI to fiat to use it IRL in most ways, DAI is just another form of space money despite being pegged to the dollar.
I could also see criminalization of mixing tools being a thing.
- tuxxy 6y ago> How many bites of the pie did you lose during those 4 transactions? Probably between ~1-2%, if that.
- Karunamon 6y agoThat would depend on the transaction size and market, no? As early as yesterday, any single transaction involving ETH would have cost no less than $3 due to gas prices even at the slowest acceptable pace, and that's before the bid/ask spread on the exchanges eat some more I'm quickly coming to the conclusion that while crypto cuts out a lot of the obvious middlemen, there are a lot more hidden ones. It is currently non-economical to do small transactons.
- freeone3000 6y agoIt's already a thing - it's money laundering to conceal the source of funds that may have been used in an illegal activity.
- Karunamon 6y agoNo, I mean criminalization of mixing services in specific, regardless of their use. In the same vein as KYC laws. It's currently not illegal to obscure your financial trail as long as it's not in service of anything that is itself illegal, but I could see the legislators saying that any funds from a mixer are to be considered tainted, and made de facto illegal all on their own.