Comment on Is cryptocurrency good for anything?

Witchfire@lemmy.world ⁨3⁩ ⁨days⁩ ago

• Octagon9561@lemmy.ml ⁨3⁩ ⁨days⁩ ago

  Apart from privacy coins like Monero, it’s all traceable

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  • SlurpingPus@lemmy.world ⁨3⁩ ⁨days⁩ ago

    Good luck tracing coins that I bought for cash from John Shadyman who can’t give half a shit about KYC.

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    • hansolo@lemmy.today ⁨2⁩ ⁨days⁩ ago

      Spend some time looking into how the FBI traces wallets. It’s pretty easy, and it’s that at some point, John Shadyman’s wallet gets tied to people tied to you. The entire Privacy community considers cash better than every crypto other than Monero.

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      • SlurpingPus@lemmy.world ⁨2⁩ ⁨days⁩ ago

        Also btw.

        John Shadyman’s wallet gets tied to people

        If I visit Shadyman twice and see that I’m getting coins from the same wallet, I’m gonna find another guy. That’s pretty fucking obvious, except apparently to Mr. privacy here.

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      • SlurpingPus@lemmy.world ⁨2⁩ ⁨days⁩ ago

        Any pointers other than “go read some internet”? That’s a rather broad reference.

        John Shadyman’s wallet gets tied to people tied to you

        What “people tied to you”? I use the coins to pay some 1337Cr1m3L0rd, with neither of us ever catching a remote semblance of knowing who the other one is. John Shadyman is actually the closest link to me, but again good luck proving that I went to his house and received coins for cash.

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