this post was submitted on 22 Mar 2025
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Do you have any evidence to back this up?
It's reasonable to assume that the vast majority of their throughput is used for crime.
The overwhelming majority of people do not leverage crypto in any way. Even crypto scam promoters almost exclusively focus on speculation and do not use crypto as money.
And you do not need the payment for your order of bell peppers and toilet paper to be private. Let's be real here.
Over the 15+ years that we've had crypto, there have been only two viable uses. All others have failed:
I have my own experience. Didn't want people I transacted with to know how much I had, so I had to use some kind of mixer eventually
Ridiculous example.
This is not an issue for any transaction. When I send my friend money from my bank account, they don't know how much is on it.
In crypto, it 100% is. All you have to do is look at the sender's address on the blockchain and you see exactly how much that address has.