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Have state actors playing a longer honeypot sort of game been ruled out? Because btc is only pseudoanonymous, letting you observe and maybe link transaction so
by imglorp 3y ago
Have state actors playing a longer honeypot sort of game been ruled out?
Because btc is only pseudoanonymous, letting you observe and maybe link transaction sources and recipients, it gives SOME insight into the global movements of funds which were previously totally opaque and untraceable, such as cash, gold, and offshore instruments where there might be NONE.
So for a small investment of a few cryptographic experts' time, a state actor has new insights into political opponents, tax dodges, arms and contraband sales. The amount of insights scales with crypto's adoption and is always greater than the opaque instruments.
- almost_usual 3y agoBitcoin is more damaging to surveillance than helpful. Cash is being phased every year. The $10,000 limit in the USA was established in 1970, I guarantee it won’t be adjusted for inflation.
- jonahbenton 3y agoNah. The blockchain is forever and there are all these breadcrumb producing onramps.
- kjkjadksj 3y agoIts probably a lot easier to do a better job of covering your tracks with cash than with bitcoin.
- almost_usual 3y agoAbsolutely but the point I’m making is that I don’t see cash existing in the near future.
- kjkjadksj 3y agoThe cash economy is huge though. Probably not as visible as if you are more wealthy perhaps and frequent more upscale businesses, but at least in socal there are many many businesses that work on a cash only basis for a variety of reasons.
- jonahbenton 3y agoTruth, of interest https://thehill.com/opinion/finance/4273988-hamas-just-learned-a-brutal-lesson-about-bitcoin-can-senators-also-learn-it/ https://thehill.com/opinion/finance/4273988-hamas-just-learn...
- jonahbenton 3y agoI like this NSA paper https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...