How can anyone think this is a good thing? At least other crypto projects have a degree of transparency going for them.

I don't understand how people can possibly think that identity obfuscation at scale is a good thing for a financial system. The rule of law and democracy are far from perfect, but it is unquestionably the safest, cushiest time to be alive in human history right now for the average human being.

Let's make our financial system completely opaque and make it impossible to enforce laws. That'll really help us!

This is a blindness that can only come from a lifetime of extreme privilege.

It is not safe to use Bitcoin and other traceable cryptocurrencies. I for one don't want to be tortured with a drill and there is a long list of such events: https://github.com/jlopp/physical-bitcoin-attacks

Some people say the same things about encryption, but it is a very accurate parallel that it actually makes society safer, and the technology can't be taken from "criminals" so you just have to deal with its existence.