Message from @SPEARS

Discord ID: 778006757028397077


2020-11-16 21:13:44 UTC  

and as I explained, it isn't easy to actually seize either

2020-11-16 21:14:41 UTC  

you can make similar hand wavey arguments about any assets

2020-11-16 21:14:49 UTC  

stocks or real estate

2020-11-16 21:14:52 UTC  

anything

2020-11-16 21:15:11 UTC  

(with the difference being that they can actually seize it with or without your "assistance")

2020-11-16 21:16:04 UTC  

not to mention that in such a scenario it would be worth a lot to people out of the country

2020-11-16 21:17:05 UTC  

I actually did a bunch of research on tracking things like btc

2020-11-16 21:17:15 UTC  

i.e I almost wrote a paper on it

2020-11-16 21:17:36 UTC  

and it is quite easy to have a single plausibly deniable transaction to yourself

2020-11-16 21:17:44 UTC  

i.e to claim you sent it to your cousin outside the US

2020-11-16 21:17:53 UTC  

and they can't prove otherwise or do anything about it

2020-11-16 21:18:09 UTC  

(except put you in prison or something)

2020-11-16 21:18:30 UTC  

the idea that btc is not anonymous is true over many transactions

2020-11-16 21:18:46 UTC  

what country are you from?

2020-11-16 21:18:51 UTC  

I am from the US

2020-11-16 21:19:17 UTC  

for a single chain of transactions, it is feasible to plausibly deny that you are any longer connected to it

2020-11-16 21:20:10 UTC  

I mean they are trying to do what you say right now

2020-11-16 21:20:26 UTC  

in Venezuela currency trading offmarket is illegal, pretty sure

2020-11-16 21:20:30 UTC  

btc is doing just 'fine

2020-11-16 21:20:58 UTC  

is the US more evil or ruthless than Venezuela?

2020-11-16 21:21:05 UTC  

sorry man, but you seem to be really young. all of these arguments are immature and off topic from what I originally said. you are discrediting sourced information I am drawing conclusions from, while providing no sources and doing worse speculation than I am

2020-11-16 21:21:24 UTC  

bro

2020-11-16 21:21:28 UTC  

I've written btc clients

2020-11-16 21:21:33 UTC  

¯\_(ツ)_/¯

2020-11-16 22:08:22 UTC  

@SPEARS Look into coin-join and then tell me that it's not anonymous

2020-11-16 22:08:53 UTC  

/ can't be made anonymous by a sophisticated user

2020-11-16 22:21:34 UTC  

coinjoin seems like tumbling

2020-11-16 22:22:06 UTC  

where you trust a third party to take in a bunch of "dirty" money, and each contributor gets back the same amount, minus a fee

2020-11-16 22:22:33 UTC  

problem with this sort of thing is, just participating in it, or being connected to someone who does, is a red flag

2020-11-16 22:22:43 UTC  

(arguably also illegal as money laundering)

2020-11-16 22:23:04 UTC  

and it is easy to see such things on the blockchain

2020-11-16 22:23:15 UTC  

most types of tumbling becomes very obvious

2020-11-16 22:23:41 UTC  

and basically you are probably gonna end up with _even_ "dirtier" money than you put in

2020-11-16 22:24:05 UTC  

(you don't want the FBI examining _you_ instead of some mexican mob boss)

2020-11-16 22:24:37 UTC  

That it is anonymous is the issue. There's a reason Monaro failed to launch

2020-11-16 22:26:05 UTC  

by participating in a coinjoin you anonymize yourself among all the participants

2020-11-16 22:26:32 UTC  

but A. the participants in a coinjoin are probably dirtier than you, and B. simply participating in one is probably illegal (money laundering)

2020-11-16 22:27:20 UTC  

I don't know how monero is/was supposed to work

2020-11-16 22:27:37 UTC  

but I do know there are theoretically anonymous cryptocurrencies

2020-11-16 22:27:58 UTC  

I think zerocoin had some cryptographers working on it