When I saw the title of this piece and I read the introductory paragraphs, I immediately envisaged some concerns with the money, the receiver and the sender.
In terms of the money I saw the possibilities that exist for tracking such huge amount of money, which won't be the case if the money would just amount to buying ewa and agbado. Even though the blockchain is decentralized, centralised Wallets require KYC. And the Blockchain is also transparent such that all inflow and outflow of coins is visible to all. Hence it can be traced from a decentralized wallet to a centralised wallet..
However, only those with the resources can make the Fed or a strong IT party breech the system in terms of discovering those behind the KYC.
Also, in terms of the receiver, this statement of yours sums it up:
Another thing, if you turn out to be the recipient of such money, you might constantly live in fear when spending it...
You will live in constant fear...
Well, the fact is that a right thinking person wouldn't think anyway different from what you presented. However, the fate of those who spend such amount is the same with them Yahoo boys. So, not everyone is right thinking.
And for the sender, like I've said, if he or she has the resources, they can fight till the end to get the money back...
The issues with exchanges and the KYC remains the reasons why it's ideal to return the money. I believe a person who can comfortably afford $216k of Crypto would have resources to actually track such an amount of money, so it's possible. I've just written a part two to this post which I will post in two days time about how a potential KYC can establish a relationship between the owner of the money and the receiver. It's a complex issue but I do feel the receiver might get to fuck themselves up, should they choose to run away with the money.
I think the hype about crypto being decentralized made people tag crypto as a hideout for scammers, since no KYC is involved when you're using decentralized Wallets.
Mhen
People should not underrate the Blockchain....
I look forward to reading the piece