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He may be alluding to the fact that money laundering is easier to get away with using regular trace-less cash than through an immutable public ledger where your
by kingo55 4y ago
He may be alluding to the fact that money laundering is easier to get away with using regular trace-less cash than through an immutable public ledger where your criminal activity is stored in perpetuity.
- woodruffw 4y agoThat would be a remarkable inversion of the standard Bitcoin argument: for years, the argument was that Bitcoin was more anonymous, and that the government simply had no business determining the legitimacy of transactions. (The factuality of these claims is not being offered or challenged; only the observation that the justification seems to have completely flipped.)
- shkkmo 4y agoThat depends on the scale. At a small scale, cash works best for laundering, but it is hard to scale and doesn't work remotely. Money laundering is a place where scale matters. Having the anonymity of cash creates privacy at the individual level but it's scaling issues are actually a feature that limit abuse.