explain how
Too many rich people use it to hide wealth and do other illegal shit
Which is insane if you know anything about the public ledger.
Also Bitcoin is still the entry point for buying a lot of other cryptocoins, so it’s not likely to go down unless the entire market goes down.
a public ledger doesn’t hide that much, just use a ton of mixers and stuff for the transactions and no one can tell where the moneys gone
This works in theory, but the mixer knows, and we know that several of them have been infiltrated by various government agencies, and records extracted for criminal investigations. I’d put 50/50 odds on any current mixer being already infiltrated and having some enforcement agency collecting data on the transactions.
If not law enforcement, I wouldn’t trust the mixer operators to not be gathering data and profiting off of it somehow. You’re talking about money launderers. Trustworthiness isn’t exactly the status quo. Hell, for all you know the people operating any given mixer are actually backed by Russia or North Korea or something.
yeah that’s true. alternatively you could convert BTC to Monero, send that Monero to another account, and then convert that back to bitcoin, but at that point there isn’t much of a reason to use Bitcoin
