His_Name_Was_Robert_Paulson on Nostr: of course there is a record of the customer on an exchange buying any asset from a ...

of course there is a record of the customer on an exchange buying any asset from a kyc exchange. what I am saying is that the asset itself can be obfuscated with methods (using xmr atomic swaps is an option) to remove traceability of the asset and can be spent or sold as the user wishes as a non-kyc asset. there is always a traceable onboarding aspect of any asset, unless you buy with cash. That goes for monero too. The data set on the bitcoin blockchain is massive despite being completely transparent. once traceability is severed. the user can hide in plan sight. monero on the other hand, on-boarding and off-boarding can be incrimanating with such a small data set and niche use case. The only reason to use it over btc, is for illegal drugs, firearms, and sex trafficking/prostitution. there is always plausible deniability to obfuscated btc transactions. plus there is a whole can of worms with auditing and code bugs with a small network having hardforks (its strength can be its down fall as a network). there is also the fact that the data storage to make it private is extremely blotted compared to btc. If the first mover was monero and it had the same level of adoption. Running a personal node would not be possible for most people. which would doom the monero network with centralization. Privacy improvements are best on 2nd layer protocols.