Re:How Chainalysis made their way into popular Monero wallets
by nunobrito on Monday September 16, 2024 @09:27AM
(#41555842)
Cycling through a few wallets is unnecessary, that is mostly applicable to bitcoin users trying to make their transactions harder to follow.
In monero there is privacy on each transaction. Of course it isn't complicated to match public transactions if you transfer 100k EUR from binance to monero and then magically 99k EUR are credited into your personal bank account within 1~2 days. Finland is a small country, deposits from bank accounts related to crypto exchanges are easy to find.
Not even monero could save a person with such awful practices.
Re:How Chainalysis made their way into popular Monero wallets
by jamil7 on Monday September 16, 2024 @09:47AM
(#41556041)
You may or may not be correct that Monero is not untraceable but this example doesn't prove or disprove anything because the transaction wasn't entirely in Monero. Your argument seems to be about the traceability of the whole extortion process rather than the tech, which I think everyone agrees leaves a lot of room for error.
>and maybe cycle it through a few wallets,
Your argument: Monero + extra protocol is safe.
The general pattern of these arguments:
Argument: Technology X is not necessarily 100% safe.
Counterargument: there exist way to use technology safely so it is.