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by biolurker1 1920 days ago
No bitcoin was not starting a new shadow financial system. Op has the wrong idea. You don't base such a system on the most transparent money the world has ever seen. Why do people even tech people think that bitcoin is shadow money when it's traçable and designed to be so? That's such a mystery. I think people want it to be shadow so they can blame it or just that they like conspiracies and illuminati.
3 comments

> No bitcoin was not starting a new shadow financial system

If Bitcoin started a new shadow financial system, then so did collectible card games and Ebay.

> Why do people even tech people think that bitcoin is shadow money when it's traçable and designed to be so?

As I understand it, it is designed to be easily verifiable by any participant. How is it designed to be traceable?

Go on blockchain.info and track all money exchanges. Pick one and track all its history. It's like the universe you can see as far as the big bang.
The reason is that there is no entanglement to the material world which allows you to remain pseudonymous if you choose so
You mean you can't buy stuff with paper dollars? Can someone track those dollars?