Christoph Bergmann
Active Member
Yes, I did know that study too. But i don't know how good they are to find black market transactions and if the trend to "sinless" activities is just an indicator for better privacy enhancing instruments.
Bitcoin - Shapeshift - Monero - Monero - Shapeshift - Bitcoin
it becomes nearly - or completely? - impossible to track your payment flows. And if it is not enough, you have a lot of options to enhance your privacy.
I don't think governments will ever accept it. Currently they tend to ignore it or believe that they will be able to track payments and catch criminals on the crypto:fiat-interfaces - what is currently true to some degree and will most probably result in extremely tight regulation of this interfaces. In the EU the upcoming integration of bitcoin in the fourth amendment of anti-money-laundering-laws e. G. will force every exchange to track payment flows of its customers. But since no aml/kyc procedure will be enough to track payments if someone really wants to hide, and since increasing bitcoin acceptance in retail will make interfaces between fiat and crypto more and more irrelevant, I think "they" will have no other choice than to ban bitcoin globally.
Than I'll need a new job![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Edit: The event of the banning of bitcoin could become the final fork between crypto anarchy and digital totalitarism.
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Yes, this is important and true. If you do something likeWhat I find fascinating is how Bitcoin is the transparent posterboy for cryptocurrency, but now that more private forms exist - the boundary is not easily discernible, value can move quite easily from one to the other and back, stifling blockchain analysis. Thus, Bitcoin sort of gains privacy without having to directly implement the features itself - as long as markets exist between it and the altcoins
Bitcoin - Shapeshift - Monero - Monero - Shapeshift - Bitcoin
it becomes nearly - or completely? - impossible to track your payment flows. And if it is not enough, you have a lot of options to enhance your privacy.
I don't think governments will ever accept it. Currently they tend to ignore it or believe that they will be able to track payments and catch criminals on the crypto:fiat-interfaces - what is currently true to some degree and will most probably result in extremely tight regulation of this interfaces. In the EU the upcoming integration of bitcoin in the fourth amendment of anti-money-laundering-laws e. G. will force every exchange to track payment flows of its customers. But since no aml/kyc procedure will be enough to track payments if someone really wants to hide, and since increasing bitcoin acceptance in retail will make interfaces between fiat and crypto more and more irrelevant, I think "they" will have no other choice than to ban bitcoin globally.
Than I'll need a new job
Edit: The event of the banning of bitcoin could become the final fork between crypto anarchy and digital totalitarism.
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