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by throwaway82652 1517 days ago
>An untracable, unstoppable & untaxable cryptocurrency might be developed

No, this will never happen and it makes no sense to actually want this, not only is it physically impossible but it's a total misunderstanding of threat modeling. The main thing these comments always miss is that these transactions only exist to serve a purpose in the real world. You can come up with all the cryptographic solutions that you want to hide communications but it means very little when someone can walk into your basement and suddenly see the hundreds of mysterious suitcases that weren't there the day before.

The only way any of these things could realistically approach being "untraceable" is if not a single person using it ever cashed out and they only spent the money on NFTs and other non-tangible items, and additionally nobody ever conducted physical barter with the NFTs. So basically if it becomes a very restricted and useless and inefficient version of a video game economy, except without the video game.