It is now. Because central banks have started making their own online coins. Instore prepaid top up creditcards cashing in on the virtual lootbox mania. Offering their customers with another voucher to invest. Because people buy anything and other people sell everything. You too can buy playdo. How do I get the coin out of my phone. Umm you really don't. It buys virtually nothing you can feel. If it does your purchase is now tracked and why didn't you just use cash for it. You're not beating the taxman unless you didn't declare.
However said it isn't. BTC is subject to systemic fraud. It easily skirts sanctions. It is also used to launder. Still it is primarily used to buy moody goods, goods without warranty or receipt, and foreign services. But nonetheless it is highly volatile offering no security. It is subject to constant hacks. It is subject to no standardization and no fixed rate. By the time your purchased has completed you have already been robbed of value. By the time you have traded cashing out you often commit a crime or support it.
Yes, but that's not the point he's making. Any single transaction can be traced back far enough with the distributed ledger with enough time an patience, yes, but within a very short period of time that single transaction multiplies into a hundred legitimate transactions and back and forth again into crypto at time, essentially making it no different than cash.
BTC is more traceable? THAN CASH?
Absolute BS.
you can wash BTC through wallets and exchanges easily.
Show me where you can do that with say 500k in cash? Nope, you can't even move >$10k without federal scrutiny.
Fuck these idiots spouting BS 'facts' about the tech WE use.
Lol its all traceable through the blockchain dummy
It is now. Because central banks have started making their own online coins. Instore prepaid top up creditcards cashing in on the virtual lootbox mania. Offering their customers with another voucher to invest. Because people buy anything and other people sell everything. You too can buy playdo. How do I get the coin out of my phone. Umm you really don't. It buys virtually nothing you can feel. If it does your purchase is now tracked and why didn't you just use cash for it. You're not beating the taxman unless you didn't declare.
However said it isn't. BTC is subject to systemic fraud. It easily skirts sanctions. It is also used to launder. Still it is primarily used to buy moody goods, goods without warranty or receipt, and foreign services. But nonetheless it is highly volatile offering no security. It is subject to constant hacks. It is subject to no standardization and no fixed rate. By the time your purchased has completed you have already been robbed of value. By the time you have traded cashing out you often commit a crime or support it.
Yes, but that's not the point he's making. Any single transaction can be traced back far enough with the distributed ledger with enough time an patience, yes, but within a very short period of time that single transaction multiplies into a hundred legitimate transactions and back and forth again into crypto at time, essentially making it no different than cash.
Yawn everything is traced when you cash out.
Hasn't crypto been raided with accounts seized and assets frozen. Yes of course increasingly.
Although yes you can still skirt sanctions buy in and cash out in timbuktu. Although the volatility is charging you far more for any service.
There are sites that purposefully mix your coins up. Mixing pots. Been doing this since I had a butterfly miner.
Sry for late reply, this 'dummy' has been on vacation.