Re:El Salvador Plans to Use Electricity Generated from Volca...
by jiveturkey on Friday June 11, 2021 @11:29AM
(#27474668)
> this seems to be a majorly misunderstood concept.
By you as well!
1. Yes, they are transparent, however mixers are a thing.
2. The 2 things confounding mixers are KYC and volume. El Salvador, a country, is in a position to ignore KYC and thereby promote mixing (laundering as one of the benefits) under its jurisdiction. Now they just have to attract the volume. You could never get away with this in the US.
There's more to it than the bitcoin fundamentals. Laws do matter and they come into play by location.
By you as well!
1. Yes, they are transparent, however mixers are a thing.
2. The 2 things confounding mixers are KYC and volume. El Salvador, a country, is in a position to ignore KYC and thereby promote mixing (laundering as one of the benefits) under its jurisdiction. Now they just have to attract the volume. You could never get away with this in the US.
There's more to it than the bitcoin fundamentals. Laws do matter and they come into play by location.