Comment on Is cryptocurrency good for anything?

• SlurpingPus@lemmy.world ⁨1⁩ ⁨month⁩ 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 ⁨1⁩ ⁨month⁩ 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 ⁨1⁩ ⁨month⁩ 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 ⁨1⁩ ⁨month⁩ 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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      • hansolo@lemmy.today ⁨1⁩ ⁨month⁩ ago

        The pointers are that a lot of people track crypto wallets, it’s not hard to do, and that any wallet ever tied to an ID is directly identified. So any other wallet that touches those wallets gets pulled into a network cluster. Network analysis tools are decades old. Patterns get established. So your wallet isn’t any safer than Johnny Shadyshit and his wallet once they connect. You think Johnny won’t ever get rolled? You trust them to be invincible?

        Just use Monero or cash.

        thecoinomist.com/…/crypto-osint-how-crypto-and-io…

        acfcs.org/acfcs-contributor-report-bitcoin-tracki…

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