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Nobody here is claiming that Monero alone is traceable. No one. The proposed solution was to convert/tumble Monero with BTC. My reply is that the majority of
by bduerst 7y ago
Nobody here is claiming that Monero alone is traceable. No one.
The proposed solution was to convert/tumble Monero with BTC. My reply is that the majority of the trusted exchanges where you do said conversions require multiple forms of identification from you to even have an account. Even the more popular ones like shapeshift.io have switched to verified accounts as law enforcement has cracked down on above-the-table exchanges. XMR.to is not a trusted exchange.
So when you use BTC on the honeypot market, the law enforcement can trace the BTC back to your exchange and make a request there for your information. It doesn't matter if Monero is involved because the BTC exit point from the exchange to the market is still traceable to you.