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Exactly. Crypto largely removes the need for institutions, and with anonymous wallets it would be very difficult to link a specific person to one. Edit: I am a
by tifik 5y ago
Exactly. Crypto largely removes the need for institutions, and with anonymous wallets it would be very difficult to link a specific person to one.
Edit: I am again talking about capital gains. Yes, the money has to come from somewhere, but you can break the traceability easily by using non-kyc means of getting crypto. E.g. bitcoin ATMs.
- lottin 5y agoA bitcoin ATM is an interface with an institution that is selling/dispensing dollars, so you're still dealing with an institution.
- SpaghettiCthulu 5y agoYeah, but you don't need a bitcoin ATM. The grocery store could accept monero and there would be no need for fiat currency.
- lottin 5y agoSure, and if pigs could fly, there would be no need for helicopters.