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spacekitty420[m]
```“Organizations like CipherTrace only exist because of the fatal privacy flaws in transparent cryptocurrencies,” Seth for Privacy, a pseudonymous Monero community organizer, told Motherboard. “They have shown a clear ability to trace transparent cryptocurrencies like Bitcoin and cryptocurrencies that only offer opt-in privacy like Zcash quite easily and effectively.” When it comes to Monero, however, Seth expressed
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spacekitty420[m]
doubt that firms’ tracking capabilities are as formidable as they claim.
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spacekitty420[m]
CiperTrace declined Motherboard's request for comment.```
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spacekitty420[m]
😹
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spacekitty420[m]
* ```
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spacekitty420[m]
“Organizations like CipherTrace only exist because of the fatal privacy flaws in transparent cryptocurrencies,” Seth for Privacy, a pseudonymous Monero community organizer, told Motherboard. “They have shown a clear ability to trace transparent cryptocurrencies like Bitcoin and cryptocurrencies that only offer opt-in privacy like Zcash quite easily and effectively.” When it comes to Monero, however, Seth expressed
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spacekitty420[m]
doubt that firms’ tracking capabilities are as formidable as they claim.
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spacekitty420[m]
CiperTrace declined Motherboard's request for comment.```
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spacekitty420[m]
* `
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spacekitty420[m]
“Organizations like CipherTrace only exist because of the fatal privacy flaws in transparent cryptocurrencies,” Seth for Privacy, a pseudonymous Monero community organizer, told Motherboard. “They have shown a clear ability to trace transparent cryptocurrencies like Bitcoin and cryptocurrencies that only offer opt-in privacy like Zcash quite easily and effectively.” When it comes to Monero, however, Seth expressed
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spacekitty420[m]
doubt that firms’ tracking capabilities are as formidable as they claim.
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spacekitty420[m]
CiperTrace declined Motherboard's request for comment.`
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spacekitty420[m]
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spacekitty420[m]
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spacekitty420[m]
i remember like couple weeks or so, someone claiming to be a crypto-journalist or somethin somethin on the /r/monero, asking for monero people to contact them for some comments or somethin, saying they already did some research, setting up their own node and whatnot, wondering if that's related to that article :3
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spacekitty420[m]
end of the article mentioning mixing from dash or bitcoin 3rd party services... (full message at
libera.ems.host/_matrix/media/r0/do…056536c0ceaae4d84680c85503a96295eb0)
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spacekitty420[m]
`The graph above is a great example of the PlusToken scammers’ obfuscation attempts. The funds start in the wallet in the upper left hand corner, and move to the right. Diagonal movements represent a change in address type, while vertical movements represent the use of a mixer.`
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spacekitty420[m]
basically being all like, well, they already can track those mixing movements for years already
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Rucknium[m]
spacekitty420: I am always dismayed when I see people assume that they can transfer BTC between a few wallets (addresses) and think that they cannot be tracked. As your info shows, it can be easily tracked even if transferred thousands of times.
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spacekitty420[m]
<chesterfield> "It would be amazing to have a..." <-
nitter.net/CryptoGrampy/status/1502093717313835011#m
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spacekitty420[m]
o.o
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xxfedexx[m]
**A quick reminder**
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xxfedexx[m]
Do not forget to move your coins away from centralized exchanges!
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bridgerton[m]
<Encore> big mommy binance will take care of your coins uwu
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bridgerton[m]
<Deleted User 71b393ef> question, why would anyone leave their coins in an exchange? Don't you only want them there while you're making... an exchange? then back into your wallet?
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bridgerton[m]
<Encore> Convenience
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bridgerton[m]
<Encore> why bother learning how to use a wallet app and write down your own coins when an exchange does all the heavy lifting for you?
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bridgerton[m]
<Encore> not saying it's a real excuse, but
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bridgerton[m]
<Encore> that's their mindset
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bridgerton[m]
<Deleted User 71b393ef> I mean, the default download for monero is a GUI wallet. Maybe if someone trades in a lot of different types of coins I get the convenience.
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bridgerton[m]
<Encore> but then I have to worry about nodes and remote nodes and downloading 150gb etc etc
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bridgerton[m]
<Deleted User 71b393ef> I actually even wonder what the point of a hardware wallet is with the mnemonic
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bridgerton[m]
<Encore> I'm too lazy!!11
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bridgerton[m]
<Encore> etc
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bridgerton[m]
<Encore> it's just how people are
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bridgerton[m]
<Encore> why care about your data, photos, etc, when you can just let facebook do the heavy lifting
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bridgerton[m]
<Encore> or insta
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bridgerton[m]
<Deleted User 71b393ef> yep I see.
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bridgerton[m]
<Encore> that's why I think rino.io is a great service
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bridgerton[m]
<Deleted User 71b393ef> why? I tend to not trust services holding any keys for me, esp. ones related to $$$ without fraud protect
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bridgerton[m]
<Encore> multisig
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bridgerton[m]
<Encore> 2-of-3
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bridgerton[m]
<Deleted User 71b393ef> let me go research that. I am a newbie, so...
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bridgerton[m]
<Encore> it means you need at least 2 of 3 private keys of a wallet to sign a transaction
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bridgerton[m]
<Deleted User 71b393ef> ah
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bridgerton[m]
<Deleted User 71b393ef> you mean Rhino doesn't have enough
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bridgerton[m]
<Deleted User 71b393ef> you mean rino doesn't have enough to do any bad on it's own
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bridgerton[m]
<Encore> exactly
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bridgerton[m]
<Encore> rino can't sign any transactions on its own
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bridgerton[m]
<Deleted User 71b393ef> but what is the benefit of this. I imagine most people only have one or two monero wallets
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bridgerton[m]
<Deleted User 71b393ef> and maybe a bitcoin or something
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bridgerton[m]
<Deleted User 71b393ef> they can always store the mnemonic and password in a 2FA password store like they would any bank details
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bridgerton[m]
s/./?/
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bridgerton[m]
<Encore> availability, no sync wait times
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bridgerton[m]
<Encore> etc
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bridgerton[m]
<Deleted User 71b393ef> Asking because I am new - 1) shouldn't you only need to sync when restoring a wallet (or hard fork or something)? how often do people really do this? Or is it considered opsec by some? 2) Availability? What do you mean by that?
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bridgerton[m]
<Encore> > - 1) shouldn't you only need to sync when restoring a wallet (or hard fork or something)
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bridgerton[m]
also when you haven't opened it in a while
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bridgerton[m]
<Encore> > 2) Availability?
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bridgerton[m]
can always make a transaction, no case where you have to wait for sync