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by BobaFloutist 513 days ago
No, no, Bitcoin's actually incredibly useful for fraud, money laundering, tax avoidance, and other crimes.
1 comments

Not really. Monero is far superior on every metric. In the BTC network all transactions are publicly traceable, that makes it far too easy to identify people.
Monero is inferior on several metrics. Such as needing to keep track of all TXO rather than the orders of magnitude smaller set of UTXO. Or having a much more front-loaded emission (40% in first year, with intentionally crippled public miner).
But anonymity is your #1 concern when doing fraud, money laundering or criminal transactions.