Re:What if Bitcoin went to zero?
by goblin89 on Sunday September 05, 2021 @12:10PM
(#28425370)
> what you say about untraceability not being entirely true
Oh, OK. I have no idea, just true coin anonymity is something I regularly see cryptocurrency advocates brag about on HN. Some imply it's as easy as changing to Monero and back, others point to tumblers, etc.
> literally hundreds of billions of dollars of assets are regularly moved, labeled, washed and rewashed in ways that make it extremely difficult or costly to know about
Costly but possible, if one follows the money and studies the paperwork. Stories about shady manipulations and laundering do hit the news from time to time.
Oh, OK. I have no idea, just true coin anonymity is something I regularly see cryptocurrency advocates brag about on HN. Some imply it's as easy as changing to Monero and back, others point to tumblers, etc.
> literally hundreds of billions of dollars of assets are regularly moved, labeled, washed and rewashed in ways that make it extremely difficult or costly to know about
Costly but possible, if one follows the money and studies the paperwork. Stories about shady manipulations and laundering do hit the news from time to time.