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Crypto isn't fully a collectable as it's quite hard to have hidden transactions using Beanie Babies or Picassos. The latter aren't terribly anonymous and only
by jleyank 5y ago
Crypto isn't fully a collectable as it's quite hard to have hidden transactions using Beanie Babies or Picassos. The latter aren't terribly anonymous and only valued if known. It's also damned hard to e-transfer physical objects unless Musk or Bezos have their transporters working.
- civilized 5y agoWired just had a big article about how the public nature of the blockchain enabled the Feds to track down a network of child abusers.
- formerkrogemp 5y ago
- majormajor 5y agoNot sure exactly what you mean here, is it the idea of using NFT sales as a way of laundering money or such? (I'm making the same distinction as the article of talking just about NFTs vs crypto in general.) Seems like any sort of physical collectible would be great for under-the-radar transactions - claim you found them in the attic or something when it's time to turn them into cash, nobody's going to expect original receipts. Anything on a blockchain seems far riskier. Using Beanie Babies would've worked better before the bubble burst and people would still pay crazy prices for common ones compared to now, of course...
- PKop 5y agoHow are crypto assets on public blockchains more anonymous than physical exchange in the real world? Art or beany baby exchanges could easily occur without leaving a trail.