[paulsutter]

Actually bitcoin is terrible for illegal transactions. Everything is traced and logged for all time

> The beauty of Bitcoin, from a detective’s point of view, is that the blockchain records all. “If you catch a dealer with drugs and cash on the street, you’ve caught them committing one crime,” Meiklejohn says. “But if you catch people using something like Silk Road, you’ve uncovered their whole criminal history,” she says. “It’s like discovering their books.”

https://www.sciencemag.org/news/2016/03/why-criminals-cant-h...

[fomine3]

But just BTC->XMR->BTC is fine for laundering, then they can buy anything by BTC.

[dsyrk]

Not for much longer the upcoming taproot feature will dramatically improve on-chain privacy.

[tromp]

Taproot is a decent improvement, but hardly a dramatic one. Dramatic improvement requires hiding amounts, such as the Liquid sidechain does.

[dsyrk]

In understand and my point is it makes such approaches dramatically more feasible. It might not activate though, 90% is a high threshold.

[tromp]

90% is not that high for an uncontroversial change that practically everyone wants.