Treasury Calls for Crypto Transfers over $10k to Be Reported to IRS

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by NicoJuicy on Thursday May 20, 2021 @02:31PM (#27225185)

The general term for Tornado.cash is a Bitcoin mixer and it has come and gone through the existence of Bitcoin.

Eg. Monero doesn't leave a trail by default.

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by noofen on Thursday May 20, 2021 @03:22PM (#27225813)

Describing tornado.cash as a Bitcoin mixer is not accurate.

Exchanging BTC/ETH for Monero leaves just as much of a trail as using Tornado.cash, unless you use a decentralized P2P exchange.

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by NicoJuicy on Thursday May 20, 2021 @04:59PM (#27227170)

Oh, from reading the Google seo description i didn't see it was fully on eth and it matched perfectly the description of a Bitcoin/crypto mixer.

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by noofen on Thursday May 20, 2021 @05:12PM (#27227350)

Furthermore, it doesn't "mix" by creating lots of transactions and trying to obfuscate the trail--it completely cuts off the trail.

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by NicoJuicy on Thursday May 20, 2021 @06:19PM (#27228135)

A Bitcoin mixer has no direct link fyi. Which is similar to their seo description.

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