BTC is very trackable, ZCash and Monero are coins that strive for privacy. Watch ZCash spike as BTC gets cashed out just before BTC retraces down 40%. Has happened for the last 2 or 3 all time highs. That’s how they will mix their Ill gotten gains.
The greatest demand for anything truly private/secure is from nefarious actors. That’s just the way it is. There are legitimate uses, including for private individuals who like the feeling of protecting their digital nuts. But we have to remember that there are enormous shadow empires with very deep pockets constantly thirsting for these technologies and prepared to use them at scale.
Yeah. I’m glad there are ways to spend money that are untrackable. I’m not glad Russia has access to them.
BTC is very trackable, ZCash and Monero are coins that strive for privacy. Watch ZCash spike as BTC gets cashed out just before BTC retraces down 40%. Has happened for the last 2 or 3 all time highs. That’s how they will mix their Ill gotten gains.
The greatest demand for anything truly private/secure is from nefarious actors. That’s just the way it is. There are legitimate uses, including for private individuals who like the feeling of protecting their digital nuts. But we have to remember that there are enormous shadow empires with very deep pockets constantly thirsting for these technologies and prepared to use them at scale.
The situation becomes more complex when you admit those controlling the “official ways” are evil too.
True. There is something to that phrase about “the devil you know,” though.