/biz/ - Business & Finance

>>54834901

The XMR wasn't traced. They swapped it for BTC on a centralized exchange and voila. Its all detailed in the indictment.

>>54692476
>you don't know that, and blind faith is pure cringe

Can you cite any indictments or other legal documentation that details how the defendant and the XMR coins in question are inexorably linked? Because that is precisely what happens whenever crypto is involved in legal proceedings, read any relevant indictment and behold the shitload of blockchain analysis that is submitted as evidence.

Oh, you can't? Then STFU with your obvious concern trolling.

>>53116301
>not being absolutely certain that a worldwide global economic system which does store of value+payment for everyone doesn't have a supply problem at any time is not negligible at all, it will never ever work because mostly no one will trust it when there's an alternative that provides absolute certainty, which is required...

there is no "absolute certainty" when it comes to software. Bitcoin's transparent ledger doesn't guarantee it won't suffer inflation bugs, there have already been 2, with the first one having been exploited.

And how was it fixed? By rolling back the chain and also erasing a certain amount of legitimate TXs in the process. Not such a big deal in 2010 when BTC was 7 cents, an absolutely devastating event in 2023 and beyond with literal billions on the line.

>The Value Overflow incident that nearly destroyed Bitcoin
Within 5 hours of the incident, they were able to release 0.3.1 version of Bitcoin to prevent future printing of Bitcoin and rewound blockchain to deplete the hacked 184.467B Bitcoins.

https://www.consulting24.co/post/the-value-overflow-incident-that-nearly-destroyed-bitcoin

In other words, since there have already been 2 inflation bugs in BTC there is theoretically a chance there's also a 3rd or 4th or 5th one out there just waiting to be exploited, which would necessitate another destructive chain rollback that would harm thousands of innocent users and very easily destroy faith and confidence in Bitcoin forever.

Is this something that is likely? Nope, its actually VERY unlikely at this point. But its not impossible. Again, there are no 100% guarantees when it comes to software, and crypto ultimately IS software.