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I wonder why Bitcoin still has its place on the throne. I mean you've got privacy coins, you'd think individuals + corporations + criminals would all be in favo
by whatyesaid 6y ago
I wonder why Bitcoin still has its place on the throne. I mean you've got privacy coins, you'd think individuals + corporations + criminals would all be in favour of that. Then again, corporations typically use an intermediary.
- lordnacho 6y agoCriminals also run large, slow organisations prone to conservatism and groupthink.
- tootahe45 6y agoNetwork effects. If you're a darkweb seller you know most people want to send BTC they purchased straight from a KYC'd exchange, this is preferable as any extra friction is bad for business. You would lose 70% of your customers if you only accepted monero, which has been delisted from any exchange with a fiat gateway. You can always switch the funds into Monero later on anyway to save your own privacy. Your customers being pwned for using non-privacy coins doesn't matter, so long as they only lead back to your darkweb nickname.
- boring_twenties 6y ago> which has been delisted from any exchange with a fiat gateway. False, see kraken.com
- tinus_hn 6y agoWhat prevents you from anonymously exchanging bitcoins for privacy coins?