• MigratingtoLemmy@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 months ago

    That’s just plain stupid. Of course it’s easy to track the money if he sends all of it across. But what if he had created multiple monero and bitcoin accounts, used P2P for both and had transacted with random amount of coins from each currency? It would have been harder but are there any faults in the privacy of either coin that would still have led to the authorities catching him? Not advocating for crime, of course, but privacy is a concern for all of us.

    Lol at uploading the entire folder.

    • adminMA
      link
      fedilink
      arrow-up
      1
      ·
      10 months ago

      Just to make things clear, the Bitcoin ledger is entirely transparent so not actually anonymous. While it’s technically possible to not get caught with bitcoin, it requires a ton of extra effort and if you mess up only once, you might retroactively link everything back together. In Monero there are some known attacks that could reduce your privacy but if you are aware of those they can be easily avoided. There’s actually a whole youtube show on those.