This risk is real, no doubt.
Would be good to have privacy coins before they are cut off and you have to buy them for cash or cigarettes in a park.
It's all a mess. We should be using hard digital p2p electronic cash for everything for years now. Instead bitcoin was crippled and split.
Meanwhile dystopian gov-coins are ready to be introduced, it seems.
I can't see how privacy coins aren't a good bet in this situation.
In a dystopian future the ability to transact privately clearly becomes increasingly desirable. But if we're talking about bets I assume that ultimately we're talking about value of the privacy token vs a basket of goods say. Black markets and gray markets historically have been denominated in currencies the transacting parties can frictionlessly use out in the open as well. If an anonymous token can only be used on the black market I believe that seriously caps its upside because it undercuts its standing as a universal medium of exchange. It becomes a "crime coin" that no one can legitimately justify owning unless they're active in the black market. I could be way off base about this but this is why I don't stack privacy coins.
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
1GTQSyCDtrQuaoncH9DLCx8ync5hKcKbgG UnverifiedFor now we are in a transition phase. Nobody knows exactly how things will play out.
All the dark money that exists in the world must move somehow during this transition. Governments may even have an interest in allowing certain (controlled) alternatives to the new financial system. And be it just to move and hold their own black budgets, corruption funds etc.
That's a good point. I always underestimate how universal corruption is. It's a lifelong leak in my futurism game.
Before you conclude this novel, consider the size these entities will be moving through these tiny networks which will also need off ramps