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Comment by Karunamon | Hacker News Reader

How many bites of the pie did you lose during those 4 transactions? Besides, you still need to convert DAI to fiat to use it IRL in most ways, DAI is just another form of space money despite being pegged to the dollar.

I could also see criminalization of mixing tools being a thing.

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It's already a thing - it's money laundering to conceal the source of funds that may have been used in an illegal activity.

No, I mean criminalization of mixing services in specific, regardless of their use. In the same vein as KYC laws.

It's currently not illegal to obscure your financial trail as long as it's not in service of anything that is itself illegal, but I could see the legislators saying that any funds from a mixer are to be considered tainted, and made de facto illegal all on their own.

> How many bites of the pie did you lose during those 4 transactions?

Probably between ~1-2%, if that.

That would depend on the transaction size and market, no? As early as yesterday, any single transaction involving ETH would have cost no less than $3 due to gas prices even at the slowest acceptable pace, and that's before the bid/ask spread on the exchanges eat some more

I'm quickly coming to the conclusion that while crypto cuts out a lot of the obvious middlemen, there are a lot more hidden ones. It is currently non-economical to do small transactons.

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