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I am surprised no one mentioned that it is possible to trace bitcoin. To me, that is the biggest reason for its use declining in the "dart-net" (tm). (edit, ju
by jmclnx 4y ago
I am surprised no one mentioned that it is possible to trace bitcoin. To me, that is the biggest reason for its use declining in the "dart-net" (tm).
(edit, just saw someone mentioned tracing already)
To me, I still equate bitcoin and others to a ponzi scheme, but this article make me wonder if its real value depends upon its use for illegal activities. If use in these activities drop, I can see large drops in bitcoin value.
- wcoenen 4y ago> I am surprised no one mentioned that it is possible to trace bitcoin You mean, other than the fact that that's what the whole blog post is about? :-)
- sshine 4y ago> I am surprised no one mentioned that it is possible to trace bitcoin. The many ways to CoinJoin that the article covers address just that. (Just saying for completeness.) > this article make me wonder if its real value depends upon its use for illegal activities Bitcoin has many values to many people. Speculation was most often at the top, money laundering / unsanctioned money transfers, drug trade, trafficking and similar non-speculative, criminal uses second. With the recent changes, speculation may come to have a smaller share than before, but still significant. Since the dream of STONKS was always what made the general population condone crypto currencies, maybe we’ll see a decline in support in western societies. At least, with the heavy AML effort in the EU, it could go that way. I sense that Asia is not going that way soon. From what I’ve read (I’m not in Asia), it is as hyped as it ever was. I suspect it fits with gambling cultures.