3 ms·

Going back to Bitcoin is unnecessary but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services

• RcouF1uZ4gsC 3y ago
  > but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services that advertise themselves all over the Internet. Those are probably run by the FBI. It seems like a no brained for the government to try to run such services given the wealth of information they would provide.
  • from 3y ago
    Having unexplained assets is not a crime and won't be at least in the US because of the constitution, worst case they could be subject to civil forfeiture. Assuming you did everything else right (full disk encryption, Tor on public wifi/LTE router that you alternate routinely, not using Google, etc) the anonymity of Monero means the government would have a very difficult time tying whatever you bought with the Monero to your actual criminal activity. Of course if you are involved in meatspace crime like drugs then maybe if you use these services they put you under surveillance and eventually find you with drugs in the trunk of your car.
    • deleted 3y ago
      [deleted]
    • dsr_ 3y ago
      Parallel construction: if you do enough crime-adjacent things, the likelihood that you are also engaged in crime makes you interesting to law enforcement.
      • celticninja 3y ago
        What is crime adjacent that isn't criminal activity?
        • inlined 3y ago
          Large amounts of money being sent through tumblers is definitely suspicious. Or spending more money than reported income.
        • hedora 3y ago
          Apparently, joining a police deputy gang, falsifying evidence trails and murdering civilians is OK, at least in L.A.: https://www.reuters.com/legal/government/la-is-investigating-50-year-old-police-gangs-finally-2022-03-30/ https://www.reuters.com/legal/government/la-is-investigating... I think pocketing any unlockable crypto-wallets you found along the way would cross the line. You could stick them into civil forfeiture and use the resulting cash to upgrade your department-owned car though.
        • from 3y ago
          https://www.justice.gov/criminal-ccips/page/file/1252341/download https://www.justice.gov/criminal-ccips/page/file/1252341/dow...
        • Xorakios 3y ago
          Most famous right now? Breonna Taylor (2020) - Louisville, Kentucky: Police officers entered the wrong apartment using a no-knock warrant, which led to the fatal shooting of Breonna Taylor, an emergency medical technician. Eurie Stamps Sr. (2011) - Framingham, Massachusetts: Police raided the wrong apartment, and during the operation, an officer's gun "accidentally discharged," killing Eurie Stamps Sr., a 68-year-old grandfather. As many have mentioned above, civil forfeiture cases for carrying cash are rare, but devastating to people who are originally from countries/cultures that don't trust banks or police. And of course "swatting" such as https://www.courthousenews.com/texas-woman-sentenced-for-swatting-calls-that-led-to-deadly-police-raid/ https://www.courthousenews.com/texas-woman-sentenced-for-swa...
          • jacquesm 3y ago
    • jquast 3y ago
      So long as you pay capital gains and income taxes, unless you are suggesting tax evasion, which is a crime
      • from 3y ago
        Yes assuming you pay taxes. Which funnily enough Zhong did.
  • notch898b 3y ago
    [dead]
• rodgerd 3y ago
  > You go from Monero to cash Then you end up like the guy asking for advice on how to sue his banks for freezing the accounts that he'd been using to run his Monero to UKP gateway.