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lmao, sand is being pounded for anyone passing by: it is impossible to tell from blockchain analysis if anybody sent a payment to a particular Monero address,
by vmception 5y ago
lmao, sand is being pounded
for anyone passing by: it is impossible to tell from blockchain analysis if anybody sent a payment to a particular Monero address, as neither sender, recipient or amount is stored in transaction data or onchain anywhere. Even client side, the data is limited.
Even if the US Treasury seized the recipient's wallet and had it open to look at all transaction history, Monero protocol doesn't tell you what address payments were received from, so the US Treasury would not be able to use their wallet and then compare it to US exchanges or other covered persons to say those people violated sanctions.
On the contrary, I do think Monero wallets show what address you sent to, so if they seized an exchange or a covered person's wallet they could see if they sent to that sanctioned address. But of course, the person on the OFAC list has infinite subaddresses to rotate to.
- nitrogen 5y agoIf they have seized enough wallets, can they conduct flow analysis to infer where money is going anyway?
- vmception 5y agoMaybe? All the governments around the world have only seized a handful of wallets, so to me it seems like an improbable risk. Most of those seizures were only possible via user-error and non-chalant storage of these kinds of assets. You have to go to individuals and force them to give a password to derive a private key. Without use of force, many governments don't have a legal power to force people to open things. With hacking even on-premise, there are still extremely high barriers per wallet which makes it basically impossible. With use of force they will still have a challenge with too high of a crowd and will still lack the legal rationale to do so. And everyone can own this asset without the state knowing of it.