Comment on Is cryptocurrency good for anything?

• hansolo@lemmy.today ⁨3⁩ ⁨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 ⁨3⁩ ⁨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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    • hansolo@lemmy.today ⁨1⁩ ⁨day⁩ 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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      • SlurpingPus@lemmy.world ⁨1⁩ ⁨day⁩ ago

        So your wallet isn’t any safer than Johnny Shadyshit and his wallet once they connect. You think Johnny won’t ever get rolled?

        What you wrote right there is “Once a drug dealer is busted, it’s immediately known who ever bought drugs from them with cash”. Do you seriously not realize that it’s a loony thing to say?

        Using monero or tumblers after buying the coins is of course a good advice in case the seller is a plant. But it doesn’t mean that his coins are somehow magically connected to me when he’s not a plant.

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