I am very happy that I have found this thread and its topic. I was under the impression that XMR and other shitcoins couldn't be traced, but they can be, uh, that's a bummer.
Which tools can track Bitcoin transactions and identify if they're received on Kraken, Binance, or CoinGate?
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XMR is definitely not a shitcoin, it is one of the leading privacy cryptocurrencies without a doubt. It does work very well for what it stands for. For the average day user using it can be highly anonymous. However for higher value targets there are numerous ways from the network side or/in combination with incorrect usage that it can be predicted who is doing what. Note︀ that I'm saying predicted as this relies on statistical probabilities from different factors, incorrect usage︁ (e.g ignoring warnings or joining too much/too soon etc.) or incorrect bridging (transfer X amount︂ in BTC to XMR and then use 99% of that to convert to BTC within︃ minutes on KYC'd exchanges) and definitely not in a way where Monero itself has been︄ cracked.
FFS never use "mixers" because they mix your clean crypto received from cryptocurrency exchange with dirty crypto received from drug dealers, hackers, etc and in result you get a semi-dirty money with high risk score.
that totally depends on the mixer. These risk-scores are completely arbitrarily and more voodoo than real.
Your address today can have a different score tomorrow without using mixer and just sitting still.
Your address today can have a different score tomorrow without using mixer and just sitting still.
I have never faced troubles putting 30K $ into a mixer -> into kraken and cash out to bank all smooth going
yes, those who did not blow up yet are better because risk score is low. 😉
Thats what I referred to above.
Lets say you use binance, if for whatever reason binance is deemed bad, your withdrawals would be very dirty, if binance is clean, the same addresses are not. Thats how arbitrarily metrics are applied.
Thats what I referred to above.
Lets say you use binance, if for whatever reason binance is deemed bad, your withdrawals would be very dirty, if binance is clean, the same addresses are not. Thats how arbitrarily metrics are applied.
It depends...
I have a "few friends" who use their XMRs (and "tainted" Bitcoins) anywhere except "the West." P2P or B2B and have NEVER had an issue. Now, if you have £1.75M in XMR and you swap them for Bitcoins, put those through a "mixer," and then grab the outcoming "new" Bitcoins and send them to Coinbase (KYC) to get £(1.75M - fees) into your bank account...you can rest︀ assured that the "capo di tutti i capi" under the ruse of "government" will knock︁ down your door, confiscate your funds, and throw you in a cage! smi(&%
Now, if you︂ have dinner at Gia in Hanoi, Vietnam, and XMR or Bitcoins are used to pay,︃ I can assure you...NOBODY will care or pursue you. 😉
Now, swapping XMR or (tainted?) Bitcoins︄ and having the funds deposited into your account or using them to purchase on Amazon︅ or another "surveillance" platform will surely get you "unexpected" guests at your home doing a︆ "controlled" delivery of what you ordered. ca#"!
Govern yourself accordingly! 😉
I have a "few friends" who use their XMRs (and "tainted" Bitcoins) anywhere except "the West." P2P or B2B and have NEVER had an issue. Now, if you have £1.75M in XMR and you swap them for Bitcoins, put those through a "mixer," and then grab the outcoming "new" Bitcoins and send them to Coinbase (KYC) to get £(1.75M - fees) into your bank account...you can rest︀ assured that the "capo di tutti i capi" under the ruse of "government" will knock︁ down your door, confiscate your funds, and throw you in a cage! smi(&%
Now, if you︂ have dinner at Gia in Hanoi, Vietnam, and XMR or Bitcoins are used to pay,︃ I can assure you...NOBODY will care or pursue you. 😉
Now, swapping XMR or (tainted?) Bitcoins︄ and having the funds deposited into your account or using them to purchase on Amazon︅ or another "surveillance" platform will surely get you "unexpected" guests at your home doing a︆ "controlled" delivery of what you ordered. ca#"!
Govern yourself accordingly! 😉
Is this something you have to enter your self ? I have never entered my name anywhere on transfers from my wallet.
XMR is almost untraceable, so much, that︅ North Korean hackers use them. Problem is not XMR, problem is chain-hopping, which is XMR︆ -> Bitcoin -> XMR to a Crypto exchange and then cashout. Herein comes correlation analysis,︇ let me explain it, say e.g. a person "A" receives tainted Bitcoin of value "$Y",︈ they then proceed to exchange all of that Bitcoin of value $Y to XMR of︉ more or less same value $Y, and then deposit the same amount of XMR to︊ Kraken and cashout. Anybody watching the Bitcoin transaction will notice the same value of funds︋ getting exchanged and transferred to Kraken, and from then on its easy. You may question︌ how would they know about XMR if its untraceable? The problem you see isn't with︍ XMR, its the Bitcoin, which has an open ledger, the moment you exchange your Bitcoin,︎ you create the trace. There are also other technicalities which I can't discuss on an️ open forum, check XMR subreddit there are tons of discussion over there and the developers are also there. https://www.reddit.com/r/Monero/
while I get your point I have an urge to note that this scenario is first and foremost pretty naive and one can achieve a very decent level of privacy with a little more effort and time by splitting the transactions across time and exchanges
kind of︀ resembles the 'experts' making conclusion looking at on-chain metrics based on whales hording more than︁ N bitcoin on one address etc. while nobody serious does that any more these days︂ and hence it has limited to zero relevance
kind of︀ resembles the 'experts' making conclusion looking at on-chain metrics based on whales hording more than︁ N bitcoin on one address etc. while nobody serious does that any more these days︂ and hence it has limited to zero relevance
No, that was just a joke. You cannot put your real name on crypto transactions except for the ones done from an exchange.
Well, "I've read that a friend of a friend" signs every dark web illegal transaction with the name of his most hated tax agent or other public servant du jour and their complete contact information. dev56"""dev56"""dev56"""dev56"""dev56"""
https://en.bitcoin.it/wiki/Message_signing
PS. I would NEVER EVER do something so "career-ending" to productive public servants. rof/% smi(&%
https://en.bitcoin.it/wiki/Message_signing
PS. I would NEVER EVER do something so "career-ending" to productive public servants. rof/% smi(&%
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