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We currently have a lot of international trade that does just fine being USD based. Are we not in a 'multipolar' world? I don't know that term.


...and the USD is used for far more illicit transactions than any other exchange medium. This will predictably change as privacy technologies become more widely adopted. For example, transactions on the Monero network have been growing at an exponential rate for several years.


> will predictably change as privacy technologies become more widely adopted. For example, transactions on the Monero network have been growing at an exponential rate for several years

The posts keep shifting for what governments cannot enforce. I suppose this is a natural endgame; crypto enthusiasts setting precedents for, and giving popular cause to, state expansion.

AML has never been even close to perfect. But it's enforced. Hopefully, the Monero community learns from Tornado. Instead of thumbing its nose at the law, it could try to not encourage illicit transfers in the name of some convoluted (if entirely unoriginal) interpretation of financial privacy. Then it could survive and become something novel, like Bitcoin.




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