• God
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    61 year ago

    Crypto it is then. I can’t have any kind of banking or card anonymity in Europe due to anti laundering laws, and I haven’t found anyone who sells cash for crypto at a cheap price.

    • @rstein@discuss.tchncs.de
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      411 months ago

      Crypto isn’t as anonymous as one would think. The ledger is public and if the wallet can in some way associated with your person (credit card for buying crypto, shipping address for something bought with crypto… ) it can be traced.

      • God
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        511 months ago

        I am actually a crypto expert and developer 👀😁 long story short: monero is a secret ledger, it obfuscates everything, impossible to know what you have or do unless you manually show people individual things you have or do to certify.

        And: even if most crypto is pretty much just public, it’s still way more free and much more obfuscated than banks. I for example get salaries in crypto so it’s not traceable back to me until I send the coins from that address to sell them.

        • @rstein@discuss.tchncs.de
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          311 months ago

          So with Monero it’s impossible for a state actor with subpoena power and perhaps access to digital intercepts to untangle a payment?

          • God
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            11 months ago

            If you don’t personally allow it with your keys and shit, no, not possible. If they hack you then well that’s not crypto’s fault lol.

            • @rstein@discuss.tchncs.de
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              311 months ago

              There is no trace of the transaction in the exchange? No way of getting a connection between credit card and Monero transactions?

              • @shortwavesurfer@monero.town
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                411 months ago

                Monero breaks linking by using 15 decoys and one real transaction. So anyone trying to figure your transaction out only has a 1/16 chance and if they go the wrong path they will have 16 other paths to follow. Like a maze, there are tons and tons of dead ends but only one correct way out

                • @rstein@discuss.tchncs.de
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                  311 months ago

                  Interesting. And how does the system knows who got the real coins? 15 dummy accounts and one real? And can it be backtracked if a dedicated agency in possession of a heavy wrench convinces my arms dealer to give up his keys? Another thing to read up.

              • God
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                311 months ago

                nou, they can know from the exchange and know how much you took out but as soon as it leaves the exchange the trace is over

              • @Revan343@lemmy.ca
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                111 months ago

                If you buy XMR on an exchange and transfer it out, then the government subpoenas the exchange for the logs (and the logs even exist), the most they can find out is the wallet address the exchange sent the money to. There’s no way to track where you sent the money from there.