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No, no, Bitcoin's actually incredibly useful for fraud, money laundering, tax avoidance, and other crimes.
by BobaFloutist 2y ago
No, no, Bitcoin's actually incredibly useful for fraud, money laundering, tax avoidance, and other crimes.
- constantcrying 2y agoNot really. Monero is far superior on every metric. In the BTC network all transactions are publicly traceable, that makes it far too easy to identify people.
- tromp 2y agoMonero is inferior on several metrics. Such as needing to keep track of all TXO rather than the orders of magnitude smaller set of UTXO. Or having a much more front-loaded emission (40% in first year, with intentionally crippled public miner).
- constantcrying 2y agoBut anonymity is your #1 concern when doing fraud, money laundering or criminal transactions.