4 ms·
Every other way is better. 1) Crypto is easily traceable. Far more than any other means of funds transfer if you exercise even modest efforts to hide the sourc
by thawaya3113 4y ago
Every other way is better.
1) Crypto is easily traceable. Far more than any other means of funds transfer if you exercise even modest efforts to hide the source of funds. And to the extent crypto provides a modicum of privacy it’s because it’s too small for governments to have put any restrictions on it.
2) There is absolutely no guarantee the money will reach Wikileaks. At best, the money will reach the holder of Wikileaks’s private key holder. As we found out with Coinbase, for the vast majority of crypto wallets, that’s not gonna be your intended recipient.
3) Even “The money” it’s a term
Is debatable. If you sent them that crypto 1 month ago and they tried to withdraw it today, at best they would have got half the value you sent them.
There is nothing unique about crypto in terms of privacy other than the fact that most governments haven’t bothered with it. In fact, crypto is so easily traceable I’ve always harbored half a theory that it was created by the CIA specifically to chart out and bust drug and terrorist rings.
I wouldn’t be surprised if the only reason the government isn’t taking down/regulating crypto is because the intelligence agencies are just so thrilled with the awesome network information they’re getting about criminals through their crypto transfers.
- stepanhruda 4y agoYou are answering like it’s 2015 and all you know about is how Bitcoin works. All 3 problems that you mention are solved with 1. zero knowledge proofs 2. multisigs 3. stablecoins.
- polygamous_bat 4y agoAh yes, stablecoins that are very well known to keep their values stable over a long period. It's not like one of the top five stablecoins is just going to evaporate into thin air over a week, right?
- stepanhruda 4y agoYou are saying dollars are so stable, how come the Zimbabwe dollar crashed! That’s just wordplay, algorithmic stablecoins have been problematic and crashing since the beginning and a big one just crashed. Call me when USDC or DAI crashes - specifically not Tether because it’s arguably also undercollateralized.
- polygamous_bat 4y agoDai is an algorithmic stablecoin, same as Terra/UST, their supply is determined by an algorithm. USDT is a centralized stablecoin, same as USDC. So in your argument that comes quite close to "No true Scottsman" fallacy, what is the exact criteria that you are using to separate out the "stable" stablecoins from the "unstable" stablecoins?
- stepanhruda 4y agoCollateralized vs not