You don't have extra privacy by using an immutable public blockchain.https://twitter.com/ScottAdamsSays/status/1142481255490961409 …
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How did you pay for the Bitcoin and start this forever trackable series of transactions?
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For better or worse, that sort of thing can't happen with real crypto.
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Crypto is more volatile, transactionally more expensive, and less useful than the dollar. Stop wasting people's time advocating for this crap.
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Privacy from the bank, right. But no privacy from hundreds of intelligence agencies.
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My bank can hire the same blockchain analysis firms as everyone else
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Not just privacy, we also have POWER with crypto. Our government can & does threaten to cage us at gunpoint for doing-so, but there is NO WAY they can stop any Bitcoin spend from either of us to a forbidden recipient (Iran, North Korea, etc.) from settling, with finality.
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If those are the only 2 benefits, its gonna stay as a tool for criminals and at some point goverments have to shut it down because fentanyl suppliers, cartells will be the biggest traders...So is this privacy a benefit or we just cant tell difference between good and bad...
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I think all those guys prefer cash by a wide margin anyway.
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