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Comment by paulpauper | Hacker News Reader

How is North Korea possible dump $1 billion on the market when everyone trying to blacklist them? Hackers typically have access to much less liquidity as the coins are considered tainted, so they either are never sold or sold gradually on dark markets or OTC where there is no market impact.

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ETH is supposed to be an electronic contracts market.. Is everyone who writes a contract from now on going to include code to block using these coins as collateral? If there's no consensus to interfere with the transaction, I assume people will watch the coins in motion and extend a larger map of tainted accounts and coins, yet be unable to interfere in many algorithm decided actions.

So the anonymity touted is not so anonymous?

Most crypto isn't anonymous - it's pseudonymous. You can trace what a wallet is doing, but it's not tied to a real life identity.

Seems like the tokens are tied to a specific IRL identity in the case

It only takes one connecting piece of data for the pseudo anonymity to become a complete history of every transaction you have done. This is one of the reasons crypto coins will never become currencies

that's only true if you only ever use a single wallet, and nobody does that. you don't sound like someone who actually has tried using crypto.

> you don't sound like someone who actually has tried using crypto.

you are quite wrong, I bought a computer from a neighbor with them as one example. I stopped using them because they are a PITA compared to my CC and already digital money. I still have "truly" anonymous monero too, mined not bought

If you think multiple wallets keeps you anonymous, I have a bridge to sell you

Where did anyone say ETH was anonymous?

There do exist anonymous tokens, such as XMR and the like, but no one knowledgable would ever think coins with (public!) transparent ledgers were somehow 'anonymous', only merely decentralized.

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