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Except it isn't because the government watches the endpoints. You can't get serious money in and out of crypto without the government knowing because all exchan
by superchroma 4y ago
Except it isn't because the government watches the endpoints. You can't get serious money in and out of crypto without the government knowing because all exchanges have to comply with KYC. On top of that, it can't be effectively used for breaking the law as you propose because it's traceable via the ledger. It's a failure on all counts.
- allears 4y agoOh, but it can still be used for breaking the law if you keep a low profile. Tracing requires enough resources that it's only done on suspicion of serious crime. I can order small personal quantities of shrooms from Canada, although they're illegal where I live, by using bitcoin, and I have no fear of being traced.
- argella 4y agoCoinjoin
- lawn 4y agoMonero isn't traceable on the ledger, so the most the government can know is that you buy and sell things via exchanges.