I mean it's not untraceable there's literally a public ledger recording all transactions it could not be more traceable. it's just not regulated for some unknowable reason
You're right, all transactions are completely trackable, that is the point of blockchain, it's just that it seems to be extremely easy to be anonymous in transactions? How do crypto thefts occur otherwise?
well it's not regulated or recognised as an asset by the law so they can just get away with having robbed people although admittedly I agree with the law that what they stole is stupid and has no value
Not enough rich people have been fucked over and the New Money created from the crypto boom doesn’t have enough influence to buy politicians and lock in their shit to turn it generational
I mean it's not untraceable there's literally a public ledger recording all transactions it could not be more traceable. it's just not regulated for some unknowable reason
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You're right, all transactions are completely trackable, that is the point of blockchain, it's just that it seems to be extremely easy to be anonymous in transactions? How do crypto thefts occur otherwise?
well it's not regulated or recognised as an asset by the law so they can just get away with having robbed people although admittedly I agree with the law that what they stole is stupid and has no value
There are ways to anonymize the transactions that are varying levels of effective
Not enough rich people have been fucked over and the New Money created from the crypto boom doesn’t have enough influence to buy politicians and lock in their shit to turn it generational
yeah that'd be it North Korea stealing some might get them to change their mind on that though
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still seems more traceable than cash which you could put through a similar process