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The issue with any 'cap' is that the batches just get sharded to be under that cap and you get the 'working from home' style mix of scam and money laundering.
by mjevans 5y ago
The issue with any 'cap' is that the batches just get sharded to be under that cap and you get the 'working from home' style mix of scam and money laundering.
As the sibling links, the answer is anonymity for spenders, but not for recipients of money. This also, ideally, blocks moral panics and instead forces law enforcement to go after cash flow into 'bad activities' and actors.
- qwertox 5y agoSure it will get sharded. But this is a pattern which can be detected, specially if you're not using your opaque money on stuff like groceries and normal day to day stuff. If you're constantly maxing out your cap and buying normal stuff without that privacy-enabled money, it may well raise eyebrows in the IRS. It's not a per-transaction cap, but a monthly allowance.