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I always wondered about this, and figured I was missing something. If every transaction is recorded for eternity, then tracking funds is just a matter of linkin
by thesuitonym 6y ago
I always wondered about this, and figured I was missing something. If every transaction is recorded for eternity, then tracking funds is just a matter of linking wallets to individuals, which while that may be difficult, it's not impossible. Certainly not with the kind of funds that three letter agencies command.
I always assumed the closest you could get to anonymity with any blockchain based coin is to use a burner wallet, and convert it cash as soon as the transaction is complete--but that's just using cash with extra steps.
- RealStickman_ 6y agoMonero does anonymous transactions.[1] [1] https://en.m.wikipedia.org/wiki/Monero https://en.m.wikipedia.org/wiki/Monero
- frollo 6y agoAnd the fact that it's recorded for eternity means that maybe you don't have enough information to link people to the transaction today, but the information will keep accumulating...
- matheusmoreira 6y agoMonero solves this with ring signatures. Every transaction is automatically signed by a lot of wallets and there's no way to tell from which wallet the coins are actually coming from.