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Re:Ask HN: What real world problem does cryptocurrency solve? by DevKoala on Monday February 14, 2022 @02:35AM (#30329243)
A decentralized ledger that does not require government input.

No government can mint more crypto due to awful monetary policy.

Also, no, money laundering is not possible on most chains since all transactions are public.

Re:Ask HN: What real world problem does cryptocurrency solve? by atoav on Monday February 14, 2022 @02:41AM (#30329275)
> Also, no, money laundering is not possible on most chains since all transactions are public.

Citation needed — as far as I know there are cryptocurrencies where this is not the stated goal. Also public does not equal no money laundering, because the transactions are at least pseudonymized.

Dubious sales on the darknet were literally the real world problem that made cryptocurrencies what they are today.

Re:Ask HN: What real world problem does cryptocurrency solve? by DevKoala on Monday February 14, 2022 @02:45AM (#30329314)
Re:Ask HN: What real world problem does cryptocurrency solve? by Aterio on Monday February 14, 2022 @02:52AM (#30329366)
That article doesn't really support your statement.

You can have anonymous BTC address. You can tumble it and you can exchange it at anonyy location.

It is the most anonymous digital currency after cash cards.

Re:Ask HN: What real world problem does cryptocurrency solve? by dns_snek on Monday February 14, 2022 @07:30AM (#30331207)
You can tumble it, but Bitcoin is not private by default. It might provide opt-in privacy if you go out of your way to use mixing services.

> It is the most anonymous digital currency after cash cards.

Monero is far, far more private. There is a reason why most reputable cryptocurrency exchanges don't accept it and it's because of its privacy features.

These make it impossible to trace your transaction history (and comply with regulations), which is quite trivial to do with Bitcoin.

Re:Ask HN: What real world problem does cryptocurrency solve? by przeor on Saturday February 19, 2022 @10:19AM (#30397731)
who and when invented term "money laundering"? Ehat was initial meaning for this term ?
Re:Ask HN: What real world problem does cryptocurrency solve? by Hamuko on Monday February 14, 2022 @02:43AM (#30329296)
I thought tumblers were being actively used for laundering money.