Oddbean new post about login | logout Yes. Going to the fiat world is the risk. Dear Ava, Monero is not private. When you buy it on Coinbase, the government knows you have it.
It's not on Coinbase. But even if it was ...dont buy it on Coinbase maybe? 🤷♂️ And even if it was, and you did buy it from there, Coinbase can't follow the transaction once you withdraw it similar to withdrawing cash from an ATM
Sorry I don’t know what crap Coinbase offers nowadays. Haha You actually don’t know what is Satoshi’s. It’s debated. If he would have moved the coins even once, you would be even less sure they’re his. You could say the SAME thing of Bitcoin. If you buy non-KYC and move the money, there is very little trail. If you use coinjoin etc. there is less of a trail. If the FBI is after you, whether you’re using Monero or Bitcoin, you’re not bulletproof. Good luck with that.
Respectfully, why speak so confidently on things you clearly don't know much about? I have no interest in converting you. I am a privacy advocate. I give my time here to help people create more freedom for themselves through better privacy. If you want to continue the conversation, go study a little on Monero, then I will be more inclined to answer more if your questions. Find out more at: https://libereco.xyz/resources/ and https://www.getmonero.org/
it is a DOUCHEBAG that's why lol 😂🤣😂🤣
Me neither tbh 😂 Sure thats fair we don't know if Satoshi ever had other addresses that we don't know about, but thats anonymity and doesn't change the fact that their transactions are not private. It would be ideal to have both. As an analogy imagine being able to read the incoming and outgoing texts/calls of a random number. You might not know who they are at the moment, but over time you'll get enough data to narrow it down and figure it out. But the subject was buying from Coinbase (requires KYC) and CJing is not the case by default with BTC. Most users just withdraw without ever coinjoining much less every transaction. Or they few naively coinjoin and then consolidate. And still plenty of privacy leaks even if you do coinjoin because it is just obfuscation not encryption. Yea, if the FBI wants you bad enough you might be screwed, but why give them passive surveillance over everyone? Make them have to actively work for it. That dramatically increases time and effort required which massively shrinks the pool of users they could ever go after.
This is a bullshit argument. I'm sorry. Chain analysis is mapping the entire UTXO set. Because transactions are linkable, this is possible. 90% of all UTXOs are already linked to KYC information. Over time, the entire UTXO set will be mapped and a risk score will be assigned to each one. Monero is designed to be gotten P2P and it does not link transactions forward and backwards. Its completely different.