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A comment on Ask HN: Why are privacy coins like Monero not seeing wide adoption?. Parent comment
Because buy and sell NFTs leaves a ledger trail that can lead you to your cash onramp being illegitimate money.
Whereas minted money is legitimate by default (and has no ledger history).
I suppose the IRS could ask "where'd the money to buy 1000 GPUs come from" though? IDK, I'm not smart enough to be a criminal :lol:
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Because buy and sell NFTs leaves a ledger trail that can lead you to your cash onramp being illegitimate money.
Whereas minted money is legitimate by default (and has no ledger history).
I suppose the IRS could ask "where'd the money to buy 1000 GPUs come from" though? IDK, I'm not smart enough to be a criminal :lol: