Re:100 million dollars to reshape the economics of the web
by nine_k on Tuesday September 17, 2019 @08:07PM
(#21001305)
Simple? Anonymous? Sounds like a perfect money laundering scheme.
All governments in the world hate cash in hands of citizens. It's hard to track. It can be used for tax evasion, buying illegal stuff, financing of undesirables, any transaction that a government would not approve of, but cannot easily learn about.
Many countries evict cash from daily use, either leaving it for small-scale purchases ("we only accept notes of $20 and below"), or even completely.
The chance of an anonymous online currency to appear is nonzero. The chance of it to be widespread, convenient, and not under constant legal scrutiny is epsilon, for it to last, epsilon squared.
All governments in the world hate cash in hands of citizens. It's hard to track. It can be used for tax evasion, buying illegal stuff, financing of undesirables, any transaction that a government would not approve of, but cannot easily learn about.
Many countries evict cash from daily use, either leaving it for small-scale purchases ("we only accept notes of $20 and below"), or even completely.
The chance of an anonymous online currency to appear is nonzero. The chance of it to be widespread, convenient, and not under constant legal scrutiny is epsilon, for it to last, epsilon squared.