this post was submitted on 22 Jan 2022
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Pretty much every financial system in the world requires you to know your customers. This means the gov't will eventually catch up with you and either shut you down or you'll roll. The days where you could hide behind certain banking laws are basically gone now. For a crypto to be a credible store of value, it has to be expected to be so for, well forever. That's what makes it credible.
Only for larger transactions to prevent money laundaring. Basically regular cash transactions could also be done online anonymously as long as the seller is transparent to tax authorities.
GNU Taler conceptualizes such a system where the buyer is anonymous but the seller is not.
Very good to know! Thanks for adding this.