You can test to see if a bill has been used to snort cocaine and consider it dirty as well. Either way all bills have their declared value equally. That is how BCH is fungible.
Yep, and now that dollar bill is worthless. If the police get it, it's dirty money, confiscated and used in a drug investigation. BCH is the same way.
Only difference between fiat and BCH in this regard is that BCH is harder to confiscate. Monero coins cannot be considered dirty, as they are obfuscated on the protocol level.
Korean exchanges dropped all privacy coins such as Monero in order to comply with regulations.
yeah thats the gov's only play with privacy coins.
Optional privacy, while the Monero community hates the idea, might just be the "good enough" solution we are looking for with BCH. But it must be protocol-level.
the issue is every private tx on an optional privacy chain is treated as suspicious. if you have nothing to hide you have nothing to fear line of reasoning. agree must be protocol lvl.
Definitely, but my hope is that you can move your coins off exchanges and then do private transactions using that optional protocol.
I think it's way too late for BCH to adopt a non-transparent blockchain, even if that's what everyone wanted, which it isn't.
And tbh, anything better than mixers at this point, is better than sticking with the status quo of mixers and blockchain analysis cat-mouse.
mixers are definitely a hack solution.
my worry too. but I'm so far from understanding the math that makes all this work so idk maybe its possible? 🤔
You'd definitely need a hard fork. And everyone would have to agree on it. Which isn't the case. Some prefer the transparent blockchain, as it supposedly make gov accountable.
People prefer transparent blockchains for that, and because tracability makes crime fighting and business auditing easier. But all of this is at the expense of privacy, and freedom.
biz & crime sound like reasonable requests, but like you said at the expense of privacy/freedom. thanks for the points. couldnt see why any one would want transparent chains
hmm, using it to keep gov accountable sounds like a ring of power argument. aka some power we can wield to keep gov in check when in reality it will be turned against the general pop
I can come to terms with optional privacy with coins like nano that couldn't support it and remain feeless due to data restrictions, but I have a harder time accepting it with BCH
At this point, I'm welcoming of anything that's bare minimum more sophisticated than mixers. CashShuffle not counting, being a mixer itself.
Snorting cocaine with money is disgusting. You never now where this paper went.
You may snort some microscopic residue cocaine for free, around 90% of dollar bills have traces of it.
Haha what won't I do for free cocaine 😂
If hyperinflation sets in, you may be able to get your hands on all the free residue you could dream of!
Then I will sell it cheaply for Bitcoin Cash.
The place with the highest concentration of cocaine on money is Wasington DC. It isn't worthless uness confiscated in a drug bust.
With BCH it becomes worthless as soon as they trace it. Then the coins and associated wallets are blacklisted on every exchange from San Francisco to Hong Kong.
That is your guess unless it actually happens.
It happens all the time already with ransomware coins.
This I have not heard of. Are they trying to track the coin to be sure the person can't sell them, or is it the coin itself they go after? Who tracks it?
They use automated services like Chainalysis to track the coins, it does automatic real-time warnings any institution (like a bank/exchange) that the Bitcoin is no-good/tainted.
Oh, so it only affects people selling crypto to banks. I have no interest in selling crypto anyway. I spend it instead. If anything I like that you can track bad actors.
People have always been able to abuse tools. That doesn't mean we should abandon the particular tool.
Most people like that you can track bad actors, but who decides who is a bad actor can be the state, so you may end up with political activists being bad, which often happens.
People have always been able to abuse tools. That doesn't mean we should abandon the particular tool.
There are cryptos that are close to 100% private, and they both make it so that privacy minded persons have an option, and it also takes some of the disagreeable actions of the BCH.
I guess to me the "public ledger" was one of the big appeals that Bitcoin first had for me. I imagine government spending on a public ledger being quite easy to track.
I am in complete agreement with you, the tools are amoral, not bad in themselves. There is a trade-off and balance and there will always be errors in both directions.
