Crypto is perfect for gvts to track every transaction. They would love it...
No it is not and why a lot of Governments are opposing them. You might want to read up more on them.
Well if you read how the various alphabet agencies can collect information, you would understand how easy it will be to gather all your financial transactions using digital currency .
Combine that with the quote above “Confiscation all comes down to this: the government makes the rules, changes the rules, and enforces the rules”
Nothing beats face to face barter for anonymity.
I am very aware of how the agencies collect information.....
I don't think you are aware how Crypto works. Yes if held in your wallet it can be tracked, not easily but can be. Where the tracking would really come into play is once drawn on.
DeFi is was designed just for that very purpose, lack of traceability. Also more than likely the only reason why BTC is still king of all Crypto. As it is the slowest and least cost effective of todays existing Crypto's. But anonymity is it's strongest trait. Second is that DeFi is not governed by any government or central Bank.
In Short nothing is untouchable. Crypto will become regulated in some form or fashion or another. But even that regulation will be more tilted to the withdrawal side than the deposit and holding side. To a degree (limited access to funds) you will still be able to hide a good amount for now.
