I think for a money to be sound you must be able to transact privately with no third party in the transactions.
What do you think?
Do you know when you talk about privacy illegality comes into their mind.
Yes, most times we would want to question ourselves that when we talks of privacy what more, to restricts others from knowing how much you own, operate and transact or knowing where we are storing funds, Is that all?
Then good if so, you can stop keeping your money in the bank but you can't deal without them why because you must need fiat for your final expenditures and even as that you needs it locally to be able to pay out bills and mores, hence you still bounces back to approval right?
Obviously, the best way to embezzles funds and participate in illegal activities is to maintain anonymity. Most people would say decentralization has contributed to the way rug pool and cybercrimes are being easily done in the society. But they get to forget that it has there is no monetary system that do not have an advantage and a disadvantage. Let's focus on the advantages here, decentralized system has helped us keep our funds private, only those who are ignorant of the privacy process were victims of scams. Of, course not everyone is tech savvy some needs time to learn and adopt to the system, yet after understanding it they fail to practices it.
