All throughout history, people have exercised private organic networks of mutual trust to transact business between themselves.
Only recently have people in power bestowed on themselves the right to demand being made a third party to every single transaction and deemed it a crime to exclude them. It's no surprise that those people would do that, since absolute power corrupts absolutely.
The fact that we go along with that is the story...
quantified · 1h ago
Crypto is similar in some respects to flying money. Is it easier or harder to trace transaction flow with crypto? I'm guessing that it's the exchange to/from cash that causes vulnerability to law enforcement and establishes traceability. But if a crypto exchange recognizes fish bladders and chemical stocks as exchanged currencies, that risk would be reduced (leaving the visibility on a public blockchain as a problem).
Only recently have people in power bestowed on themselves the right to demand being made a third party to every single transaction and deemed it a crime to exclude them. It's no surprise that those people would do that, since absolute power corrupts absolutely.
The fact that we go along with that is the story...