Cypto exists to give an untraceable way to transfer money to high level criminal activities and make such activities easier to commit, think ransomware.
I never understand how crypto is said to be untraceable. Because they tell us how your investment is safe.
Supposedly the blockchain records all transactions in multiple systems around the world, so there are always records of your investment in bitcoin.
So if there are all these records in various systems with your investment, how is it untraceable?
or maybe because we deserve privacy and don’t need the government snooping on the personal lives of US citizens
“Cypto exists to give an untraceable way to transfer money to high level criminal activities and make such activities easier to commit, think ransomware.”
And that ability was sold to Conservatives as a means to keep government out of your financial hair.
welllll, it also is lightening fast and dirt cheap to transact!!! and, half the world doesn’t pay banking FEEs that are out of control. So it will be around on phones in India, Africa and other emerging markets for a long time and supply and demand will make NOW a buying point for Bitcoin in about 2+ years when it trades at $200K+... ymmv
“Cypto exists to give an untraceable way to transfer money to high level criminal activities “
That capability already exists.