RE: RansomWork™
You are viewing a single comment's thread:
To spend the money in the real world one must pass through the KYC where their real identity is matched. I don't see how privacy chains can help, unless you are determined to go all in the virtual space
0
0
0.000
Because when you move money on a privacy chain they can't track it.
Then the money appears somewhere else and they have no idea it was used in a crime.
This is why money is fungible.
Real money can't be traced.
Money that can be traced is not fungible, because that means that some money gets blacklisted and some money gets whitelisted, making every unit of the currency not worth the same value. Non-fungible money is not money. The fungibility of currency is a defining characteristic of money itself. Even the IRS, FBI, CIA, NSA, and Secret Service admit this fact openly.
Yeah? For how long?
What happens when a crypto city-state pops up that doesn't have KYC?
Your entire theory goes right out the window.
The future is going to be very weird.
I can't possibly know, but I imagine it will turn into something like Sin City as all blackmailers and other criminals move there to spend their illegally acquired crypto 😁
It's going to be weird, no doubt