| ▲ | srean 22 days ago |
| Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way. |
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| ▲ | misja111 22 days ago | parent | next [-] |
| It's not about traceability, it's about not having to use the dollar as currency. |
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| ▲ | srean 22 days ago | parent | next [-] | | That's significant messaging though -- we don't have anything to hide, down with the dollar. I have read many comments that the regime wants to money launder the inflow. Bitcoin would be rather inconvenient for that. | | | |
| ▲ | Waterluvian 22 days ago | parent | prev [-] | | I don’t know stuff but I feel I’ve learned that the Americans can make basic commerce unbelievably painful for whoever they choose through sanctions and disconnection from various financial systems. |
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| ▲ | thisisit 22 days ago | parent | prev | next [-] |
| Oh they are well aware and using bitcoin for years. Nobitex is an Iranian exchange and they have been processing billions using crypto networks: https://www.reuters.com/investigations/how-trumps-crypto-ven... |
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| ▲ | tboyd47 22 days ago | parent | prev | next [-] |
| What difference does it make? |
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| ▲ | hggh 22 days ago | parent | prev | next [-] |
| > Bitcoin does make the transaction publicly traceable It can be untraceable with CashFusion |
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| ▲ | taffydavid 22 days ago | parent | next [-] | | I read that as coldfusion and I got some ptsd | |
| ▲ | freerk 22 days ago | parent | prev [-] | | No, that doesn't work with Bitcoin, it only works with a fork of Bitcoin that has less than 0.5% of the value of Bitcoin. | | |
| ▲ | hggh 22 days ago | parent [-] | | Value doesn't have anything to do with utility | | |
| ▲ | pamcake 21 days ago | parent [-] | | In this case it does. You can't funnel huge amounts through a coin with usually small volume and market cap and expect any sense of anonymity or privacy. The delta makes it obvious. It would probably be visible via movements on markets too. For smaller amounts this is not a problem for the same coin and network. Your volume might support $10k but not $10m. | | |
| ▲ | hggh 21 days ago | parent [-] | | Take a look at the statistics: https://fusionstats.redteam.cash/ | | |
| ▲ | pamcake 20 days ago | parent [-] | | What of it? You are not responding to the debunking of your "Value doesn't have anything to do with utility" claim. The only relevant thing I can see here is that yes, the volume is too low to provide any sense of untracability for the scenario discussed. It might for paying your VPN subscription. | | |
| ▲ | hggh 20 days ago | parent [-] | | > What of it?
Sort by value and see for yourself > You are not responding to the debunking
Opinions don't debunk. Proof does. |
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| ▲ | krupan 22 days ago | parent | prev [-] |
| I mean, kind of. If I give you an address to use to send me money, and I don't tell anyone else that address, and you don't tell anyone else that address, then nobody else can be sure who is behind the transaction. |
