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Crimes are also not particularly well suited to the blockchain, as the whole "immutable permanent record" thing has the side-effect of leaving a trail of transa
by mrsuprawsm 5y ago
Crimes are also not particularly well suited to the blockchain, as the whole "immutable permanent record" thing has the side-effect of leaving a trail of transactions, meaning law enforcement can follow said trail.
(Obviously things like bitcoin tumblers exist, but again, money laundering can also be solved without a blockchain)
- user-the-name 5y agoOne thing that cryptocurrencies uniquely enable is ransomware. It is not really possible to pull off on a large scale without cryptocurrencies. People tried, but it never took off until bitcoin became available.