Oddbean

**Edward Snowden said it well during his keynote speech at Bitcoin 24':** "Bitcoin transactions are not private. All of you know this in the general sense because it's 2024, not back in 2013 when we were saying, 'Oh, Bitcoin is perfectly anonymous, and it's money for criminals and whatever.' The only person who still believes that is Elizabeth Warren. The reality is that Bitcoin transactions are permanent, public, trackable, and linkable. An enormous proportion of them are fully doxxed, just not publicly doxxed. And this is because of how people move it on and off the Bitcoin network, or any crypto chain really, and it's through the on and off ramps, right? — through these legacy exchanges that get licensed by whatever, you know, New York State or whatever country, whether it's in Dubai, whether it's in New York. And they are sharing the information en masse with what we politely refer to as regulators, but what are plainly described as great powers." **Stack sats. Use Monero.** Find out more at: https://libereco.xyz/resources/ and https://www.getmonero.org/

nostr:nevent1qqsqwqr63xv6eqxegu76ssxftyfnt6tz3vr2crkafvz98dq55w4vlzcpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgswaehxw309ahx7um5wgh8w6twv5q32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqppamhxue69uhkummnw3ezumt0d5nlylrk

It's a fair argument, surely? The only place they have any power is the on off ramps. If they're not used and the money is moved around from person to person, address to address, it becomes quickly impossible to know who has what.

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/

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.

Transaction fees quickly make this impossible and using lightning and or liquid exposes you to third-party risks in most cases and is not good for the normal average user. The only people who can truly use lightning privately are those who run their own lightning nodes. And even then, it's not an easy task.

-Peter Todd nostr:nevent1qqsyuq8cguks0np9h6w433aet4lv6ysz2rhv752f639pnvlkkl8x04spz3mhxue69uhhyetvv9ujumn0wd68ytnzvuq3vamnwvaz7tmpw3kxzuewdehhxarj9ekxzmnyqy28wumn8ghj7mn0wd68ytn00p68ytnyv4mqzrthwden5te0dehhxtnvdakq2jxgx8

there could be an inflation bug. The developers work hard to only implement code that has been thoroughly tested, but it is still a possibility, though it is a small possibility. Put it this way. Do I trust Monero or the dollar more? The answer is quite easy. Monero.

Yes. And we are people too. You can buy and use Bitcoin privately. Most of us don’t believe it’s worth our time or effort to pursue to the level of privacy we wish was automatic. Bitcoin IS private though. Satoshi proves that.

I Can teach you how to invest in stock mining turn your $200 to $5,500 in just 2hrs ask me How! text me for more info TEXT SMS: Text No:+1 (703) 879-8125 WhatsApp:+1(209)207-5967 WhatsApp link below 👇 👇👇👇 https://wa.me/message/PHQY33GUJPOGG1