7 ms·
“No shit”. Wait, you mean something that literally tracks any and all actions in a literal chain of history that is immutable is easy to track?!? You mean tha
by helf 4y ago
“No shit”.
Wait, you mean something that literally tracks any and all actions in a literal chain of history that is immutable is easy to track?!?
You mean that pattern recognition can be applied to even “randomized” in both size, time, and destination of transactions can be done to track like how they can track burner phones?
I’m shocked! Shocked I say!
- axxto 4y agoCare to expand on the burner phone part?
- helf 4y agoPeople think "burner phones" are not traceable. They watch too much CSI etc. Pattern matching has been successfully applied to phone logs between seemingly randomized src and dst phones. I'm busy at work and terrible at communicating clearly but what I am trying to say is that even when person A is using multiple phones and person B is also using multiple phones, there is still enough of a pattern involved such as call lengths, time of calls, etc to be able to sniff out and match these seemingly random devices to specific users. I would have to dig up papers/reports on times this has been successfully done and reported publically. But my point is that even running shit through coin mixers etc there is a high probability of there /still/ being enough latent information floating around to suss out a track between src and dst of blockchain transactions.
- password4321 4y agoAn example of bad opsec: The Hezbollah Connection https://www.nytimes.com/2015/02/15/magazine/the-hezbollah-connection.html https://www.nytimes.com/2015/02/15/magazine/the-hezbollah-co... https://archive.ph/4uWfM#selection-1937.0-1937.13 https://archive.ph/4uWfM#selection-1937.0-1937.13 Section 5+ > they could see that a given assassin had an “operational phone in his front pants pocket” and “in the back pocket a phone that he used to call his girlfriends.”
- breck 4y agoThis is really concerning. How are people going to use blockchain to do nefarious things if it's easier to track?
- seanw444 4y agoHow are people going to do moral things against an immoral enforcer when the enforcer becomes immoral, if we assume all are too immoral to have the right to privacy?
- TomSwirly 4y agoLet me get this straight. Because some people are corrupt, you feel no law should apply to you or anyone? Or... really, I can't come up with any sensible interpretation of what you wrote other than that.
- seanw444 4y ago> right to privacy is good > oh so you think you're above the law now?
- username_exists 4y agoWish I could upvote this twice
- rabuse 4y agoThat's what "Coin Mixers" would do in the past, but the good one's stopped operating.
- blantonl 4y agoYou uncover a single entity in a public ledger and it's like pulling a thread that opens up a gold mine. The ledger as a permanent history available to the world, in real time, of every single transaction.
- blaser-waffle 4y ago> The ledger as a permanent history available to the world, in real time, of every single transaction. arguably a selling point. just not for selling large quantities of online drugs.
- outworlder 4y agoOr for people buying or selling anything that's currently legal but that could then become illegal during their lifetime.
- merely-unlikely 4y agoLaws are generally not retroactive (though admittedly this principle does get violated). > The Ex Post Facto Clause, contained in Article I, Section 9, Clause 3 of the Constitution, provides: “No . . . ex post facto Law shall be passed.” The phrase “ex post facto,” Latin for “after the fact,” refers to laws that apply retroactively. While the Ex Post Facto Clause on its face might appear to bar all retroactive legislation, courts have applied the Clause only to penal laws. > Congress has much greater leeway to enact retroactive legislation in the civil sphere than in the criminal sphere. However, certain constitutional limits apply, and courts interpreting ambiguous statutes apply a general presumption against retroactivity. https://sgp.fas.org/crs/misc/IF11293.pdf https://sgp.fas.org/crs/misc/IF11293.pdf
- santiagobasulto 4y agoLiterally my reaction as well: "no shit, Sherlock"
- sixothree 4y agoI think the real answer is “then why are you so bad at tracking money?”.
- jlarocco 4y agoI don't understand that response. Paper money was never designed to be tracked, and IMO that's a good thing. You're saying you'd like to see better tracking of paper money?
- tadfisher 4y agoPaper money is tracked all the time. US bills have serial numbers. This has resulted in the arrest of bank robbers, ransomers, and hijackers in the past.
- dogma1138 4y agoFor money to be effectively tracked it needs to be scanned and recorded at every transaction the reality is that most bills especially lower denominations tend to circulate without being deposited, in fact many of them would circulate until they are in such bad shape that they have to be destroyed without ever being deposited back at a bank. Even when they are deposited at a bank the banks don’t tend to keep those records forever, they have lists of serial numbers that they need to watch for but if you deposit cash into your account the bank would hold the bill information for a relatively short period of time and they don’t actively share that information with LEOs or other agencies unless explicitly requested to do so. Even with robberies it sometimes takes years or even decades before enough bills surface to actually trigger an alert and many of them never do. Not to mention that there are billions in counterfeit dollars in circulation at any point in time and many of them are rarely caught because they never reach a point where a good enough forgery would be discovered.
- MichaelCollins 4y agoWhen it comes to cryptocurrencies, a lot of people involved are so ignorant that "water is wet" statements come as a genuine revelation to them. Why? Bitcoin advocates have been deliberately targeting very ignorant and naive people because they're easy money.
- claudoppl 4y agoI don't think that's the case. Look at some of the serious projects: - https://samouraiwallet.com/ https://samouraiwallet.com/ - https://keys.casa/ https://keys.casa/ It's pretty much focused on heavily tech-savvy people.
- anonporridge 4y agoBitcoin advocates have generally been exceedingly clear about these kinds of things. To the point of begging people to listen. From "not your keys, not your coins" to "KYC/AML bought coins are easy to trace" to "please, for the love of god, don't give your coins to the centralized Celsius to try to eek out an extra 10% gains you greedy dumbass". People consistently don't listen. Crypto pumpers on the other hand tend to not care and say whatever BS they want to pump their bags.
- MichaelCollins 4y ago> Bitcoin advocates have generally been exceedingly clear about these kinds of things. To the point of begging people to listen. From "not your keys, not your coins" to "KYC/AML bought coins are easy to trace" Such advocates are the fringe. Most bitcoin advocates are saying "If you're not buying bitcoin you're an idiot! It's easy money! My critics are no-coiners who didn't listen to me!"
- anonporridge 4y agoSuch advocates are the ones with the credentials to actually bother listening to, like core devs or the people who literally wrote the book on understanding the technical nature of the system. They're not the fringe, they're the core that the fringe pump monkeys looking for a quick buck latch onto and promptly ignore. The majority of people who talk about literally anything aren't worth listening to, and if you can't differentiate between the two, we have bigger problems to work through.
- username_exists 4y agoso you're saying the blockchain is not made up of physical blocks?
- nohankyou 4y agoIt isn't? Crap, I've been investing in Lego this whole time.
- dsr_ 4y agoIf your investment horizon is long enough and your secure storage space cheap enough, Lego might be a more prudent investment. Basic strategy: buy and hold unopened copies of the 'flagship' sets of each Lego theme. If a theme is small enough, get complete sets of sets. For instance, the Muppets minifigs were sold in blind bags, but every case was guaranteed to hold three complete sets, so buy a whole case, not random bags. The Speed Champions line, after the switch to 8-stud wide models, had a dozen or so sets over two years (so far). At your time horizon, decide whether you want to sell as parts or sets. In 2000, the UCS X-wing (7191-1) was about $150 new. There appears to be one incomplete set on the open market for $831. The parts are worth about twice that if sold individually. I suspect an unopened set would go for about $2000, implying a return rate of about 12.5% APY.
- 0x38B 4y agoSide note re: Lego, I have fond memories of the first Lego X-Wing and Snowspeeder. I’ll never forget losing pieces in the grass outside and calling up Lego. They asked me for the page number and sent me more pieces than I needed.
- dsr_ 4y agoLego customer service varies from good to exceptionally wonderful.