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by bodiekane 65 days ago
The payments are going to a government. They're not using bitcoin to hide the payments, they're using it because receiving USD or Euros or whatever would mean that a hostile government could seize the funds from the bank.

The tracking is unique though. I don't know who had the $20 in my wallet before me or what series of payments it was a part of, but crypto has the curious property that over time, essentially all crypto money will have at some point passed through wallets associated with controversial entities or transactions.

1 comments

I thought they were using Chinese yuan. Bitcoin must be a fallback option for countries that haven't yet updated to the new global reserve currency.