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Not trying to be snarky here, but did it surprise you that a system built to obfuscate financial transactions would be used for illegal activities?
by IAmGraydon 4y ago
Not trying to be snarky here, but did it surprise you that a system built to obfuscate financial transactions would be used for illegal activities?
- jjeaff 4y agoI don't think most crypto is built to obfuscate. It's built to bypass centrally controlled monetary system. With the exception of some specialty crypto created to obfuscate, it's really not nearly as good at hiding transactions as say, cash.
- bruce511 4y agoTechnically it might not obvuscate, but practically it does. Critically (compared to cash) it allows remote transactions. Cash requires presence which limits the customer base geographically, and carries enormous personal risk. (you're already transacting with a criminal, do you want to be alone with him as well?) The killer app for crypto is illegal activities. (which may in some cases be moral, but nevertheless are illegal.) As a side note, the volatility in the crypto value, caused mostly my legal speculators being exploited by scammers, hurts the utility of crypto in all contexts, including illegal ones.
- fomine3 4y agoBTC->XMR->BTC
- deleted 4y ago[deleted]
- jbirer 4y agoI thought nobody would be stupid enough to try to slang rocks on "clearnet", and also Bitcoin is not built to obfuscate, that's Monero.
- derangedHorse 4y agoI wouldn’t care too much about the people who try to “slang rocks”, the “8yo.mp4” is infinitely worse in my eyes.
- jbirer 4y agoPretty much. We laughed off the weed stuff but when we saw the .mp4 stuff we realized it got too far.