Re:JPMorgan Extends Banking Services to Bitcoin Exchanges
by mrscottson on Wednesday May 13, 2020 @11:28AM
(#23167804)
Let the hop wars begin then..., I know it's easier for wallet makers to add more hops to anonymizing tech than for chainalysis to deanonymize the transactions....when 90+% of the wallets do this by default, that company will probably have to shut down.
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Re:JPMorgan Extends Banking Services to Bitcoin Exchanges
by selsta on Wednesday May 13, 2020 @12:12PM
(#23168392)
No, that’s not what my comment intended to say. While some exchanges say they will ignore everything after a few hops, blockchain analysis companies can track them fine. Moving Bitcoins between wallet is not anonymity and does not give you plausible deniability against law enforcement.
Re:JPMorgan Extends Banking Services to Bitcoin Exchanges
by mrscottson on Saturday May 16, 2020 @03:42PM
(#23206582)
>Moving Bitcoins between wallet is not anonymity and does not give you plausible deniability against law enforcement.
Moving fractions of bitcoin between 100+ wallets using something like coinjoin absolutely gives you plausable deniability and anonymity, how would anyone know what % is still in your custody?
With enough people doing this, eventually all bitcoin will be tainted. At that point will exchanges start to refuse 100% of all bitcoin being deposited?
I think its more likely chainalysis goes bankrupt.