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April 24, 2018, 02:59:58 AM |
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On the one hand, we know that a private currency can curtail abuse of power by governments or bad actors, but on the other hand, it may facilitate immoral transactions. There are a variety of privacy models now, from fully private to pseudonymous. While anyone is free to use whatever currency they like, using public or pseudonymous currencies limits the privacy benefits of the private currencies because that group becomes easier to identify by elimination. On the other hand, if a largely public currency becomes the major worldwide payment mechanism, will it help law enforcement to stop reprehensible acts?
Which is better for society overall, in the long run?
Has this been studied in any academic way?
Can law enforcement function effectively if the world was using a purely private currency?
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