The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by hirako2000 on Tuesday June 30, 2020 @04:20PM (#23694329)

I'm sorry plenty of people would disagree with our taxing system, 99% of them not being drug Lords. I think most people would be better off with the ability to move billion of dollars anonymously, as it would also give them the ability to move hundreds or thousand of dollars anonymously as well.

I fall into that category.

Most people I know, and they aren't rich tax avoiders would also fall into that category.

Cryptocurrency liberates everyone in so many ways. And yes it liberates criminals as well. But hey are know how to dodge the system anyway.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by toss1 on Wednesday July 01, 2020 @12:11AM (#23697671)

Perhaps I'm missing something, but I'm seeing you specify the use-case other than 'less-rich people can also move money anonymously'.

Other than small-scale tax evasion or nefarious activities, what use cases are you advocating?

I also used to be pretty excited about the potential for crypto currencies, still think it may have some, but the security overhead, value volatility, & scalability issues have pretty much rendered it less useful than cash or (ugh) ACH-based services like Venmo, Google Pay, etc., ir just credit cards.

Also, you're not addressing losses of tax evasion - one tax evader failing to pay $1B in taxes means a million people need to pay an extra $1000 to make up for his crime. Not victimless.

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