I got a crap ton of black bytes, but you have to trade them P2P? So they are basically worthless. Is there any expectation that Black Bytes will be on a real exchange any time soon?
Also, why have two coins--> black bytes and bytes? Nobody would choose to use traceable money over untraceable money, so why not just add that as a feature to Bytes? So confusing to me this coin.
There are reasons to do public transactions anyone can check. Imagine you have a fucking ton of byteballs and some day decide to convert them to FIAT. You better have the full trace of them in case of an audit.
Also, for contracts, etc.... How could someone prove he delivered with an untraceable transaction?
Both have their usages.
Audits up until maybe 20 years ago were almost exclusively done with paper so I think have a distributed digital ledger is only a nice to have. Any paper trail is going to stand up in an audit, especially since your holdings\purchases must eventually move in and out of KYC institutions, even for anonymous currencies.