Too Long; Didn't Read
The IRS noted cryptocurrency users' resistance to blockchain forensics pesticides developed by Chainalysis, CipherTrace, and Elliptic. Privacy coins lead to never before seen levels of protocol-level privacy for illicit trade participants. In 2020, the amount of Bitcoins both sent to and received from darknet actors increased 380% and 340% respectively, compared to 2017. Privacy coin users have already developed a number of traits to protect themselves from peeling away their security and privacy. We need to start paying attention to the scientific evidence of their long-term effectiveness.