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Plus a perfect way to fund spies and dissidents. Bank transfers too easy to track, cash incriminating, handing over a public key for a one-off account trivial.
by rich_sasha 5y ago
Plus a perfect way to fund spies and dissidents. Bank transfers too easy to track, cash incriminating, handing over a public key for a one-off account trivial.
- tablespoon 5y ago> Plus a perfect way to fund spies and dissidents. Bank transfers too easy to track, cash incriminating, handing over a public key for a one-off account trivial. No? The reasons Bitcoin is useful for open-source intelligence are the exact same reasons why it would be a terrible choice for those use cases. I hope the the CIA isn't dumb enough to have their spies use cryptocurrency that leaves a public record the Chinese Ministry of State Security can trace, now or in the future. Bitcoin does not provide privacy, since any opsec failure, now or in the future, will compromise it.
- nextaccountic 5y agoBitcoin no, but Monero or ZCash, yes
- rich_sasha 5y agoYou know exactly what address got what. But one-off addresses? What exactly are you going to trace? Then you exfiltrate your spy and they have their goodies safely awaiting them.
- DougN7 5y agoWhat’s a one-off address? It somehow got coins attached to it, and they came from somewhere, which is shown on the ledger. And whoever receives the coins will eventually want to spend them, which will also be shown in the ledger.
- nonameiguess 5y agoFunding spies and dissidents has never been a challenge. The challenge is it's very difficult for them to spend more money than they officially earn without drawing the attention of their home government's counterintel operations. No currency can solve this because it isn't the transfer of currency that gives you away. It's the receipt of whatever you purchased.