Re:Binance sees $2B in outflows as troubles compound
by bulbosaur123 on Wednesday March 29, 2023 @05:59AM
(#35354898)
How is censorship resistance and unconfiscateability not a legitimate service?
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Re:Binance sees $2B in outflows as troubles compound
by hnbad on Thursday March 30, 2023 @04:36AM
(#35369717)
Have you heard about rubber hose cryptoanalysis? The state can literally put a gun to your head and pull the trigger. Crypto is not "unconfiscateable", it's just digital. BTC also isn't "censorship resistant" as the censorious regime can still tie a wallet (and thus its transaction history) to your identity. Used a tumbler service to hide your tracks? Congratulations, now you're guilty of violating anti-money laundering laws, too.