goatmeal on Nostr: you are comparing a medley of experimental error-prone contraptions that have not ...

you are comparing a medley of experimental error-prone contraptions that have not been battle-tested with the act of handing someone a piece of paper in meatspace. 99% of the time, a banknote acts like a privacy coin, and this is by far the easiest and most common way to use a banknote. even with the occasional scanning, the anonymity set is absolutely massive. bitcoins only behave like privacy coins 1% of the time if I'm being generous, and it is the most difficult way to use them, with the most unappealing tradeoffs.

people in real life who have serious business to attend to, like selling drugs and staying out of jail, have drifted away from bitcoin. on the matter of cleaning money, this is applicable to every type of currency and the techniques are fundamentally the same. even when a near-perfect privacy coin is used, they still have to do very complicated things to wash their money and they often fail. one of the most common things they do with their ill-gotten cryptocurrency is to turn it back into banknotes and wash it using traditional methods.