[bongoman37]

Nontrivial to use. Still need to pass it to someone to convert fiat to crypto. Bitcoin is a public ledger, would be even easier to tie to him in some ways.

[newsclues]

Trade the entire wallet, that isn’t registered to anyone’s name? Seems easy enough to move money illicitly with crypto

[crtasm]

So now at least two people - who I'm going to assume don't have 100% trust in each other - both have the private keys. How is this going to work?

[newsclues]

Physical hardware key, so neither party knows it, but possession of it is the authentication.

Essentially crypto can be untraceable like cash or gold, it can be traded off the books, until you ‘launder’ it into someone’s name.