Comment on How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity
7heo@lemmy.ml 5 months agoProvided that the exchanges are cooperating (voluntarily or by law).
Why do you think NK and other “impenetrable” countries are so fond of it? It provides them with the means to monetize something otherwise pretty useless: their relative independence and the resulting potential for secrecy.
They are turning into new-age Swiss banks.
And one does not need a strong currency to achieve that: other cryptocurrencies are also perfectly usable.
webghost0101@sopuli.xyz 5 months ago
People don’t need an exchange either. Someone can create a physical paper wallet with no copy of its keys and who ever holds it owns it.
Organized crime has existed for a while, the boss rarely gets their hands dirty and the grunt isn’t involved and in the know enough about the bigger crime to be charged too harshly if their part in it was discovered.
7heo@lemmy.ml 5 months ago
The point of the exchange is to have an offline ledger. That is, to hide parts of the information, so that it is then impossible to relate information.
You cannot do that with a paper wallet.