Pleb Rebel's avatar
Pleb Rebel citadela@getalby.com 2 weeks ago
KYC is the main issue, not traceability itself. Even if you manage to execute a perfect CoinJoin and break the on-chain link, when you try to convert back to fiat or use a regulated service, the Travel Rule requires you to prove the origin of the funds. MiCA + Travel Rule + the power to 'remove' you even when you temporarily achieve privacy.
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MrWonderland's avatar
MrWonderland 2 weeks ago
That's why you need good out-of-the-box, cheap & usable onchain privacy. That's what enables us to just ignore those tyrants and transact freely, as Satoshi envisioned. #Bitcoin gives them the power to regulate us, #Monero helps and protects the ones living under this socialist/totalitarian regime.
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