Make tax collector's birds again
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (37)
sorted by:
Most Crypto is highly trackable. Anyone you've send money to, or asked for money from, can track your spending without a warrant. It's child's play. All transactions can be tracked back to the mining pool that mined it, and they can report that IP address if sufficiently motivated.
There are still tools to anonymize crypto transactions. In fact there's no way to track who owns a hardware Bitcoin address without direct confirmation of the owner. Sure you can send crypto to different addresses from exchanges, but the tracking can only be tracked to individuals to those exchanges. There's no means to directly verify someone who owns a physical hardware wallet address.
What are the tools to anonymize transactions? Are they still around?
You can create a wallet address for sure, but if you want something in that wallet, or to spend the crypto in that wallet, you have an attack vector where you can be tracked down. Sure you can say "I gave it to some random person" when they tracked a wallet down to you, but if you're the last verified owner (security camera w/ timestamp, shipping address, etc.) in a chain of wallets, they aren't going to stop thinking you just transferred things to a different wallet if you can't give someone else up to bother.
Now, that said, I'm not an authority on this stuff, just putting together pieces over the years watching stuff like silk road, etc. get tracked down and imprisoned. I'm open to hearing how this is obfuscated because right now I think it's just a honeypot.
I forgot what it's called, but there's a way to scramble a lot of Bitcoin through a bunch of proxy addresses that muddles the transaction information. What happens is you send an amount of bitcoin through this tool, it then sends it across hundreds of different wallet addresses, and you'll get the same Bitcoin back into your wallet. Literally like a wash cycle.
Sure, but if go buy stuff at coinbase and then wash it that's an obvious thing that happened and you could be questioned about it. It's not secret, and every service that does this is probably monitored pretty closely by a lot of different organizations. It's actually better just to use private crypto.