"With blockchain analytics the thing we say over and over is that all this activity is on this ledger forever, and if you did something bad 10 years ago you can be caught and arrested for it today. The fact that they're pulling up those transactions is really significant.
"the US dollar is a giant Ponzi scheme, Wall Street is totally corrupt and exists to enrich the top 1%, the big banks launder billions of fiat currency per year for all manner of unseemly characters, and our politicians are nothing more than a mob family with unjustified power to police us. To which I say I totally agree!!!"
i assume it's an irony i don't get. neither do i get how come "I’m not personally pro- or anti-crypto per se" given your previous post on a drunken saylor... maybe i lack a healthy dose of humor today?
There's a difference between a centralized and a decentralized mixer. The "Bitcoin Fog" Mixer was centralized and got taken down. Tornado Cash mixer (apart from the clear-net website) is not centralized. Even if the domain got seized, it could easily be hosted on the DarkNet and be accessible via Tor.
As the crypto space overall trends towards decentralization (exchanges, lending, etc) so too will the mixing. In other words, it will be just about as hard to shut down decentralized mixer as it is to shut down Torrenting or the Tor network (ie - damn near impossible).
In a typical Darwinian fashion, the weak centralized mixers with bad OpSec get taken down first. You see DoJ throwing the book at them, hoping to scare off everyone from entering the business. But alas, all it did was pave the way for the next generation of mixers that cannot be taken down. Unfortunately for DoJ, crypto mixing services will not stop existing, until and unless the demand for mixing service ceases.
Ok, and if someone is running a decentralized system like Tornado? Don't be naive pls, DOJ can't stop internet piracy and torrent sites how are they going to stop this when there's far more financial incentive to make it work properly. What if future of ransomware evolves into "launder this for me and you'll have your PC unlocked"? Someone who sits in Russia, or North Korea or elsewhere probably laughs at DOJ while reading this. As for poor souls who decide to visit US for any reason or US citizens, who are naturally obligated to their government and DOJ, may God be with them....
"the US dollar is a giant Ponzi scheme, Wall Street is totally corrupt and exists to enrich the top 1%, the big banks launder billions of fiat currency per year for all manner of unseemly characters, and our politicians are nothing more than a mob family with unjustified power to police us. To which I say I totally agree!!!"
i assume it's an irony i don't get. neither do i get how come "I’m not personally pro- or anti-crypto per se" given your previous post on a drunken saylor... maybe i lack a healthy dose of humor today?
Want privacy = laundering money? Governments = God? More than a few governments were disappeared when the firearm became privatized.
The law says you must pay 99% of your income to the government. You will comply, of course, without question or complaint?
There's a difference between a centralized and a decentralized mixer. The "Bitcoin Fog" Mixer was centralized and got taken down. Tornado Cash mixer (apart from the clear-net website) is not centralized. Even if the domain got seized, it could easily be hosted on the DarkNet and be accessible via Tor.
As the crypto space overall trends towards decentralization (exchanges, lending, etc) so too will the mixing. In other words, it will be just about as hard to shut down decentralized mixer as it is to shut down Torrenting or the Tor network (ie - damn near impossible).
In a typical Darwinian fashion, the weak centralized mixers with bad OpSec get taken down first. You see DoJ throwing the book at them, hoping to scare off everyone from entering the business. But alas, all it did was pave the way for the next generation of mixers that cannot be taken down. Unfortunately for DoJ, crypto mixing services will not stop existing, until and unless the demand for mixing service ceases.
Ok, and if someone is running a decentralized system like Tornado? Don't be naive pls, DOJ can't stop internet piracy and torrent sites how are they going to stop this when there's far more financial incentive to make it work properly. What if future of ransomware evolves into "launder this for me and you'll have your PC unlocked"? Someone who sits in Russia, or North Korea or elsewhere probably laughs at DOJ while reading this. As for poor souls who decide to visit US for any reason or US citizens, who are naturally obligated to their government and DOJ, may God be with them....
Another ripper El Pollo. Thanks for your insights!
tl;dr: pay your taxes