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If you own significant sums of money and its completely anonymous, or the origin is untraceable, you can't use it. Just like drug cartels know how to collect a
by Nokinside 4y ago
If you own significant sums of money and its completely anonymous, or the origin is untraceable, you can't use it.
Just like drug cartels know how to collect and store anonymous money but find it very hard to use it. Every time you try to buy something expensive or normal financial assets, you have to explain where the money is from or you may lose it.
Try to buy a house with anonymous crypto and find out.
- ivanhoe 4y agoBut crypto wasn't invented for rich people and drug lords to launder the money, so why would anyone give a shit about their problems in the first place? It still would make a lot of sense for regular folks who prefer their online habits not to be tracked by corporations and sold around.