3 ms·
Isn't Bitcoin worse than cash for facilitating illegal transactions? Sure, it works over distances without physical contact, which is a huge logistical advanta
by dasil003 4y ago
Isn't Bitcoin worse than cash for facilitating illegal transactions? Sure, it works over distances without physical contact, which is a huge logistical advantage. But on the other hand, the blockchain is literally a public ledger, so anonymity is tricky. I know there are solutions, but they require significant savvy. Overall I'm not sure that Bitcoin really solves this very well because your average criminal will probably have better intuition about how to hide and cover up cash transactions than Bitcoin, especially as volumes increase and law enforcement develops their expertise, it will only increase the risk for unsophisticated individuals.