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That seems largely correct, Monero came out in 2014, so I think it was a combination of law enforcement becoming more familiar with how to track BTC payments an
by Aaronstotle 5y ago
That seems largely correct, Monero came out in 2014, so I think it was a combination of law enforcement becoming more familiar with how to track BTC payments and markets realizing there's a better alternative.
I think the fact that the U.S. Government put out a bounty for cracking Monero shows that it's working fairly well so far
- anonporridge 5y agoThe thing about monero, is that even if it is impossible to track today, all the transactions are still in the public blockchain, even if heavily obfuscated. It is quite possible that it eventually will be cracked and all historical transactions deobfuscated. Then it becomes as simple to track things down as bitcoin is today. If this ever happens, it could lead to a massive wave of crime resolution on par with what happened when DNA testing became cheap and ubiquitous. Because of this, when it comes to significant organized crime, physical cash and seedy banks like Chase and Deustche Bank are still king. Bitcoin is for people who don't mind living in the light.
- dillondoyle 5y agocan you not just 'wash' it like those btc 'gambling' sites that work out to 99% or whatever money back into an address you specify?
- deleted 5y ago[deleted]