I never stated it was untraceable, i stated I saw reports that Bitcoin was connected to child porn and trafficking in articles I have read where arrests went down..
Wasn't singling you out, I've just seen lots of comments, here and elsewhere, about it being 'dark money', which is true only up & until it goes from crypto to fiat.
Once that happens the whole chain can be linked to people.
Even mixers, where they shatter the payment amount and scatter it across exchanges, still fully traceable and ridiculously expensive given the price of transmission of those tiny chunks.
This, of course, is somewhat circumvented by cash exchanges, but even there, someone, somewhere will get sloppy and use a service and convert it, then the whole chain gets exposed.
And no doubt people have used it for nefarious things, but once they got wise to it's actual traceability, that movement went almost to zero. People on that front found newer, better, & less traceable currencies.
An example is Monero, which I hear is much harder to trace down, but to be honest I've not done a lot of research on it.
Patriot, did not take it that way, I understood, how else could they have tracked it. I just never invested and bought into it.
I just fund this warning, and had heard chatter from several sources, just wanted people to be aware and decide for themselves.
For me I invested in Gold and Silver. And reportedly we are going back to the gold standard.
I never got deep into Bitcoin as I had no stake in it.
I keep hearing about a gold/silver return, given what's going on at the Federal Reserve, I'm not so sure anymore.
I mean, they've printed 20% of all dollars in existence in the last 2 years, that's an amazing amount of devaluation which will inevitably lead to massive inflation, like Venezuela levels of it.
With what they're up to along with the IMF bringing back SDRs, I'm seeing dark skies ahead.
But, to be safe, I invested the same, at least increased my holdings of gold/silver.
I'm still of the mind that the 'currency of the future' is going to be lead, wrapped in brass.
I did my time in the bitcoin mines way back in the day when you could buy a pizza with it, and in my mind, like it or not, I think the world is heading the way of digital currencies.
China, for example, is rolling out their crypto. And it's taking off like a rocket, but there's a catch.
In their roll out, the crypto they've issued is only valid during a date range.
Which means somewhere in the back end, they can control if your money is 'valid' or not.
Given what they're doing with social credit systems there, it's easy to see that if you don't toe the line, your money will just not be valid anymore and you'll be out of luck.
The US is working on their own as well, which is why there's noise about classifying Bitcoin and other cryptos as securities, it takes it away from the 'common' US citizen.
But, it's a good warning, there's nothing so shady as something that you can't trace down.
And the creator of bitcoin is just that kind of shady; If you made it, why hide?
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