For other reasons than the ones I am replying on. For one, accounts on it are pseudonymous. If by "transparency", you mean "every activity can be traced back t

For other reasons than the ones I am replying on. For one, accounts on it are pseudonymous. If by "transparency", you mean "every activity can be traced back to a meatspace individual or institution as recognized by a national government and/or law enforcement", that is a different level of "transparency". It's not being compared to wire transfers but to server-side software (including those responsible for executing legacy wire transfers).