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> Yeah, any asset that can artificially propped up. Cryptocurrencies doesn't make this harder nor easier Cryptocurrencies and NFTs absolutely make this easier.

> Yeah, any asset that can artificially propped up. Cryptocurrencies doesn't make this harder nor easier Cryptocurrencies and NFTs absolutely make this easier. If I want to inflate the price of my product on eBay, I have to go through with a lot of expensive eBay transactions to register a lot of fake sales. At 10-20% cost each time (eBay fees + taxes) that gets expensive quickly, and eBay is going to catch on if I'm buying and selling from the same shipping addresses. With crypto, none of that applies. I can create as many crypto wallets as I want from home. I can move funds around for the price of gas. I can buy my own stuff from my own wallets and shuffle the money around through exchanges so that no one can tell. > If anything, blockchains makes it easier for local governments to spot things like this, because the centralized exchanges need to corporate Obviously the scammers aren't going to prefer their local exchanges for criminal activity. They're going to use a foreign exchange or just use a distributed exchange protocol.

capableweb 6y ago
Sure, but none of those things are taking into consideration that there is only a few entry/exit points for fiat currencies, that is needed to actually buy things in the real world. The trick with cryptocurrency (not cryptography) is that everything is always tracked. Creating addresses (not wallets) to spread out value you had in one address? That's tracked, logged and stored forever. Using a distributed exchange protocol? All those transactions are also tracked, logged and stored forever. The only way you can avoid being tracked is by using centralized exchanges, and then you're only protected by the owner/employees of that business. So no, cryptocurrency doesn't change anything here. In fact it makes it easier to track, as I said before. If you think it makes it harder, please look into how the technology you're talking about now actually works.

capableweb 6y ago

Sure, but none of those things are taking into consideration that there is only a few entry/exit points for fiat currencies, that is needed to actually buy things in the real world. The trick with cryptocurrency (not cryptography) is that everything is always tracked. Creating addresses (not wallets) to spread out value you had in one address? That's tracked, logged and stored forever. Using a distributed exchange protocol? All those transactions are also tracked, logged and stored forever. The only way you can avoid being tracked is by using centralized exchanges, and then you're only protected by the owner/employees of that business. So no, cryptocurrency doesn't change anything here. In fact it makes it easier to track, as I said before. If you think it makes it harder, please look into how the technology you're talking about now actually works.