You know, except for Monero. Really sucks that real private anonymous internet money is getting pushed out of all places possible, while crap like Bitcoin freely exists.
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orclev@lemmy.world 1 day agoCrypto is not anonymous, the entire concept of how it works is to be the worlds most public and distributed transaction ledger. It is more difficult to track than credit card transactions, but that’s a very big difference from being impossible to track. There have been multiple papers published at this point on how you can de-anonymize any crypto purchase.
People really need to get over this idea that using crypto to buy things makes you anonymous.
kaidezee@lemmy.ml 1 day ago
ipitco@lemmy.super.ynh.fr 1 day ago
This
No worries, we can still swap conventional coins to XMR. Many smaller countries are not interested in reguling it, and we already know a few exchanges that don’t give a fuck
ipitco@lemmy.super.ynh.fr 1 day ago
People really need to get over this idea that using crypto to buy things makes you anonymous.
And people should also know that there are privacy coins and mixers
conorab@lemmy.conorab.com 1 day ago
I might be mistaken, but isn’t using a mixer considered money laundering in the US?
ipitco@lemmy.super.ynh.fr 23 hours ago
USA also claimed they owned all BTC that went through dark net markets. I don’t care what they think about X or Y thing
But yea that would be considered ML in many countries because you’re hiding the links and making it seem like normal money, which it should be imo
surewhynotlem@lemmy.world 1 day ago
Exactly. That’s why you had to fill out all the KYC paperwork when you create your Bitcoin wallet.
Oh, you didn’t?
Crypto is not hidden, but it can be anonymous. You can’t hide that you got money from X account and spent it at Y account. But there’s no name tied to the transaction.
Passerby6497@lemmy.world 1 day ago
Where did the coin come from? Unless you mined it yourself, you’ve left a trail that may eventually lead to you. Even using crypto ATMs, you’re still on surveillance and hoping the tapes/drives roll over before someone comes knocking (which is a very likely bet to win), and even then, you still have a real world location to tie the wallet to because of where the transaction originated.
Anything that interacts with the real world can anchor your identity to your wallet. Travelling out of state can help obfuscate that to an extent, but a high level adversary will be able to correlate travel with that transaction as well.
ipitco@lemmy.super.ynh.fr 1 day ago
Ever heard of BTC/any-> XMR -> BTC/any
If you know your thing, you can churn, buy the initial crypto with gift cards, use VPNs or Tor… yea GL for finding me
ipitco@lemmy.super.ynh.fr 1 day ago
that’s pseudonymous, but if you remove all links with your original identity, you can even use non-privacy coins and not be known
Mubelotix@jlai.lu 1 day ago
You can hide it using coinjoin transactions. It’s like a mixer but native. It’s not perfect but it’s nice to have
rottingleaf@lemmy.world 1 day ago
It’s not anonymous, it in fact exchanges everything else from real currencies’ good properties to be hard to control.
Allero@lemmy.today 1 day ago
Some crypto, like Monero, is anonymous. Bitcoin/Ethereum is not.
In any case, if you use anonymous crypto, make sure to first sent it to a wallet (preferably with a subaddress in case of Monero), and then send it elsewhere.