I mean, let’s buy in on the idea that it is good to enable tax evasion in dysfunctional countries, just for the sake of argument.
Isn’t the bitcoin ledger publicly visible? It seems to me that bitcoin isn’t providing a good way to perform tax evasion. It is creating a totally immutable record of tax evasion, that local authorities just aren’t looking at yet. This is, like, the last place I’d store records of my crimes. If anything it seems more like a (maybe) unintentional honeypot.
Of course, it is possible to obfuscate your identity through various means when using bitcoins, but it doesn’t happen automatically. And the US government basically beat Tornado cash, right? If you want to be anonymous on the ledger you have some pretty scary enemies I think…
I mean, let’s buy in on the idea that it is good to enable tax evasion in dysfunctional countries, just for the sake of argument.
Isn’t the bitcoin ledger publicly visible? It seems to me that bitcoin isn’t providing a good way to perform tax evasion. It is creating a totally immutable record of tax evasion, that local authorities just aren’t looking at yet. This is, like, the last place I’d store records of my crimes. If anything it seems more like a (maybe) unintentional honeypot.
Of course, it is possible to obfuscate your identity through various means when using bitcoins, but it doesn’t happen automatically. And the US government basically beat Tornado cash, right? If you want to be anonymous on the ledger you have some pretty scary enemies I think…