You don’t need to wonder, it’s specified in the post:
“we won't compromise on our principles and, to give one example, are not prepared to turn our back on digital privacy preserving technologies such as TOR and VPNs. We have now got to the point where it no longer looks feasible to run this service in a manner consistent with our core beliefs.”
I have to be blunt but this is a very basic property of the blockchain, which by design keeps an entire history of every single transaction (source and destination address) that is ever made.
This type of lack of understanding is rife. Makes me quite bullish on Monero when people realise how little privacy Bitcoin and crappy forks provide. Might see a signal type movement to Monero.
I don't think that irrational retail investors understand, or care to understand, Bitcoin or Monero implementation details. Bitcoin's valuation has little to do with its technical merits. It's all just internet money to most people.
But even showing a few newbie friends how I could see their balance and transactions after they sent me BTC or shared their address with me, baffled them, they couldn’t believe it.
People will start to care as they become extorted, or embarrassed. Privacy is a fundamental requirement of good money.
I think people will learn this over time and gravitate towards a better money for the internet.
There's nothing stopping courts from demanding that XMR.to keep records of the chain of custody when users buy XMR via BTC on their service.
Almost all exchanges adhere to KYC laws, so there's a good chance that following transactions backwards will lead to an identifiable buyer or seller of Bitcoin.
What technical features of Monero make it a solution for actual anonymization of BTC?
What's the alternative to buy XMR? Does anyone know of any major exchanges that support XMR?
I only found (Kraken) but it doesn't support where I am (WA state) and others either don't support it or support buying/selling but no sending to a private wallet.
I run a cloud service where you can get a small amount of computing power as part of a larger free trial offer. The number of people who try to rip us off to run xmrig is simply astonishing. By my estimate you could only make $1-$2 a month per fake user but they still keep coming. This blog post's talk about the "Monero faithful" and the "community" seem quite ironic to me.
>This blog post's talk about the "Monero faithful" and the "community" seem quite ironic to me.
How is it ironic that people believe in the only digital money that doesn't enable mass surveillance? Because people try to profit off free computing? I don't understand
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[ 3.1 ms ] story [ 93.2 ms ] thread“we won't compromise on our principles and, to give one example, are not prepared to turn our back on digital privacy preserving technologies such as TOR and VPNs. We have now got to the point where it no longer looks feasible to run this service in a manner consistent with our core beliefs.”
https://www.reddit.com/r/Monero/comments/la46ds/comment/gllq...
This is not an issue with bitcoin, but of exchanges. That's why I specifically asked if exchanges cared if taintedness was transitive.
But even showing a few newbie friends how I could see their balance and transactions after they sent me BTC or shared their address with me, baffled them, they couldn’t believe it.
People will start to care as they become extorted, or embarrassed. Privacy is a fundamental requirement of good money.
I think people will learn this over time and gravitate towards a better money for the internet.
Almost all exchanges adhere to KYC laws, so there's a good chance that following transactions backwards will lead to an identifiable buyer or seller of Bitcoin.
What technical features of Monero make it a solution for actual anonymization of BTC?
(Edit: btc to xml would be a novel transaction. Curse you autocorrect)
I only found (Kraken) but it doesn't support where I am (WA state) and others either don't support it or support buying/selling but no sending to a private wallet.
Swapspace seems similar, but I haven't done any research on it yet.
How is it ironic that people believe in the only digital money that doesn't enable mass surveillance? Because people try to profit off free computing? I don't understand