/biz/ - Business & Finance

>>30405210
>The FBI has to have information that connects the identity to the address to do that. Basically the guy needs to have broadcasted to the world at some point that he owns his super sekrit address. That's not a protocol issue.

"provided a simple analysis of the Bitcoin transactions that ultimately led to Reid’s identification and arrest.

Investigators were able to link transactions from the bitcoin address to Paxful exchange. Paxful provided the feds with information about the account associated with the bitcoin transactions in question. The exchange provided; a username, an email address ([email protected]), and at least three I.P. addresses used to access the account."

If Bitcoin transactions weren't traceable he'd be a free man right now. This couldn't have happened with Monero.

>>30161298
>SHYM??

>>29909483
>How safe exactly is it to buy stuff with Monero, I feel like doing so would put someone on a watch list.

Monero transactions are untraceable but you need good OPSEC as well. All anybody will know for sure is that you bought X amount of Monero on whatever exchange, everything after that is a black hole.

>>28853145
>CJ done properly

See, this is what I mean. Unlike Monero, you can't just use BTC out of the box without jumping through all these hoops. And since most users will never be bothered to go to all that effort, the whole thing is rendered ineffective.

Optional privacy = jerking off. And that is why Monero has a superior track record, you're FORCED to use full-spectrum privacy by default, thus ensuring the whole blockchain is uniformly shielded.


>can not be broken by any amount of computational power.

In theory. In practice, as mentioned, Chainsalysis has successfully traced CJ transactions.

>Many of those transactions were conducted through mixers like Wasabi Wallet, which utilizes the CoinJoin protocol to make it more difficult to trace the path of funds. You can see an example in the Chainalysis Reactor graph below.

https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price


>Atomic swap of Monero<->BTC work yet? I hope they can, not all coins do this.

Already working on testnet, dropping Q4 2021, there are several teams working on this.

Not only does this ensure Monero's continued availability, it also provides BTC a reliable privacy layer since BTC -> XMR -> BTC swaps render all other mixing options instantly obsolete.

So in that sense, XMR can provide BTC its fungibility while BTC can provide XMR its liquidity.

>forever

I remember thinking that about MySpace. So I don't think that about FaceBook. Or anything else, including XMR.

Sic Transit Gloria Mundi.

>not rly. few CJs and you would need to blacklist so much shit.

Yeah, in theory. But as seen, this isn't likely in practice.

>>28521635
>Verge is the only coin that allows the choice of either a public or private ledger for different uses.

And that is why nobody trusts it.

>>28174038
>I'm guessing most people use imessage and facebook messenger to buy drugs lmao.

High-risk proposition, especially for sellers.

>The ones who manage to figure out how to use the darknet usually just send btc directly from their kyc verified exchange to the marketplace.

BTC is gradually being phased out on the DNM, the folks over at r/darknet can't wait for it to finally be gone.

>>27218429
>Explain.

"Good enough" privacy obviously isn't "the best" privacy.

>>26176642

>>26082047
>And black markets are never going to see wide scale adoptions by normies

Oh, they will once normies realize they don't have to score off dodgy street dealers anymore.

eBay for narcotics? It can only get bigger with time.

thanks for all the bumps btw

>>26062651
>>26062673

Privacy bolted on top of a maincoin as an afterthought will never be seen as reliable as fundamental privacy built from the ground up.

Monero is king because its not trying to be a Swiss Army Knife like ETH, it focuses on doing just ONE thing and being the absolute best at it. Which is why its currently on its way to becoming the default currency of the darknet and shadow economy.

>>26020711
> How will XMR scale to 100,000 tx/second so that the entire world can achieve salvation from the tyrants we currently live under?
>someone answer me. I don't expect it to happen for 5 years but I am curious about any conceivable paths to this

The maxipad notion of "One Coin to Rule Them All" is narrow minded, not every crypto transaction necessitates Monero-tier anonymity so Monero likely won't ever need to scale that high.

Having ACCESS to Monero's transactional privacy on demand is what matters, so think about Monero as a protocol that will also function as the God-Tier privacy layer for other coins.

So, you'll buy your daily coffee with BTC/LTC/NANO/whatever but when you require actual banking secrecy you'll route your transaction through Monero via automated atomic swaps, thus sparing the XMR network from having to process minor, inconsequential transactions.