Comment on Itch.io is delisting NSFW games due to pressure from payment processors

• _cryptagion@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

  They don’t need to, crypto is already heavily regulated. If you’ve been alive at all in the past decade, you know this.

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• ipitco@lemmybefree.net ⁨3⁩ ⁨weeks⁩ ago

  Except Monero and a few exceptions, AML and KYC checks are everywhere. Tainted coins and shit.

  Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds

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  • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

    Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds

    I don’t understand. Lets say I have a normal bank card, I paid taxes for all the money I got there. Sometimes I buy crypto using p2p on some platform using this card. I trade this crypto with some other crypto on the same platform. Periodically I send crypto to my personal wallet from there. From my personal wallet I buy porn games for example. At which point someone comes in and seizes anything?

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    • ipitco@lemmybefree.net ⁨3⁩ ⁨weeks⁩ ago

      They would not, but you would not be anonymous this way. You get problems when:

      • The crypto you received is through a shady source (it could be any individual which pays you with dirty coins)
      • You engaged in pro-privacy activity, which links you with illegal activity, like coin mixers to blur the origin and destination of crypto
      • You received more crypto than you bought

      Some countries straight up force you to declare every transaction you make with crypto, which isn’t doable for most people and puts them in illegality

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      • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

        You don’t have to send crypto directly to websites. You can send it to your external wallet (outside of any platform), and spend from there. And no one’s ever going to be able to prove that wallet belongs to you.

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• prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

  Nearly every cryptocurrency (aside from like Monero), are literal open, transparent ledgers that anyone can view and analyze.

  It’s not anonymous at all.

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  • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

    Look, when you use some platform with KYC, they indeed can tie that id information you give them to your internal addresses you use on the same platform. But the moment you send it to your external wallet that link is lost. They can see the transaction but they don’t know and can’t check if that destination address belongs to you, or it’s a person who sold you something, or it’s your friend/relative, or someone you donated to, etc.

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    • prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      This is naive and incorrect. There is a reason why darknet markets these days only deal in Monero these days, for the most part.

      I’m not saying it’s trivial, but there are literally corporations dedicated to analyzing block chains for law enforcement. It’s an entire industry.

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      • protogen420@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

        yes, even without KYC, one opsec fail and they can get quite a info on you, things like usage patterns and eventually potentially a profile, upon which will probablycreate a “credit score” of sorts and probably sell advertising data too because why not!?

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      • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

        Then explain how exactly is this incorrect. If you buy and smuggle weapons for example, feds do undercover operation and pretend to sell guns, they set their own wallet, they track transactions, they co-operate with exchanges and have access to KYC data, they see you sent from exchange to wallet X, and then wallet X payed for weapons to their undercover wallet Y. What they achieve here is: they just see there is some chance that wallet X also belongs to you and maybe it’s you who are buying those weapons, but they can’t use this as proof of anything, what they can do is start spying on you from other vectors: your regular bank accounts, your social media, or even IRL to check if they can find any real evidence. That’s basically all. This is not at all a concern for people who don’t run international multibillion crime syndicates, etc. And also this all is extremely irrelevant to original topic. Because those games aren’t even illegal, it’s basically just a fkin preference of payment processors to demand Steam and Itch to take them down. If Steam operated in crypto, no amount of transaction tracking would make it possible to enforce something like this, because this is not law enforcement to begin with, it’s not illegal games and they are not taken down due to any legal concerns.

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