Fear Mongers Falsely Condemn Anonymity in Cryptocurrency

Fear Mongers Falsely Condemn Anonymity in Cryptocurrency

E.J. Fagan of Business Insider penned anarticle in December on the perils of cryptocurrency anonymity. He rambled for several paragraphs about the horrors of hidden, peer-to-peer money transfers, and how they will cause massive oppression and spur unprecedented levels of money laundering. His article incited alarmist and propagandist paranoia because the understanding of cryptocurrency Fagan exhibited was insufficient for writing a coherent, rational critique. As a result, the author committed several errors. One area the author focused on was the prospect of money laundering, especially....


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