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What about Monero, which is supposedly completely anonymous even with chain tracking?
by netr0ute 4y ago
What about Monero, which is supposedly completely anonymous even with chain tracking?
- 1vuio0pswjnm7 4y agohttps://www.cnbc.com/2021/09/09/mastercard-to-buy-blockchain-analytics-start-up-ciphertrace.html https://www.cnbc.com/2021/09/09/mastercard-to-buy-blockchain... Lets assume Monero is untraceable. Did MasterCard buy a company that cannot deliver on its promise of Monero tracing. In 2020, it was announced that American tax dollars were paid by DHS to CipherTrace for "tools" to trace Monero transactions. Thought experiment: What is the financial incentive to keep transactions "untraceable". Is it greater than the financial incentive to make transactions traceable.
- 1vuio0pswjnm7 4y agoFor example, IRS paying $625,000 award to company who can help trace Monero https://sam.gov/opp/5ab94eae1a8d422e88945b64181c6018/view https://sam.gov/opp/5ab94eae1a8d422e88945b64181c6018/view
- icelancer 4y agoCipherTrace didn't even win the actual contract from the IRS; Chainalysis did. CipherTrace's tools - by their own admission - can only provide probabilistic analysis and not deterministic analysis. They'll help in an investigation, but are hardly a silver bullet.