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A comment on Bitcoin drops below $18,300 as sell-off accelerates. Parent comment

Re:Bitcoin drops below $18,300 as sell-off accelerates by nyolfen on Saturday June 18, 2022 @03:34PM (#31793029)
the proportion of criminal activity with crypto is estimated to be an order of magnitude lower than the conventional economy:

https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal...

most crypto is actually not well suited to criminal activity. it is pretty appealing as a savings and transaction medium when your alternative looks like this: https://i.imgur.com/JcaAbC4.png

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Re:Bitcoin drops below $18,300 as sell-off accelerates by fatjokes on Saturday June 18, 2022 @03:50PM (#31793166)
So you're saying crypto is not good for anonymity, privacy, decentralization?
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Re:Bitcoin drops below $18,300 as sell-off accelerates by nyolfen on Saturday June 18, 2022 @03:58PM (#31793261)
with the exception of privacy coins most of it is not good for anonymity/privacy by default (a wallet address is effectively a public psuedonym with a social graph), but that has no bearing on the decentralization of crypto protocols, which ranges from fraudulent to extremely strong, depending on the project.

there are ways to use bitcoin with very good privacy, like chaumian coinjoin, but they are not the default behavior of the protocol. nobody describes bitcoin as anonymous besides local news anchors and other low-information audiences.

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