US Secret Service: blockchain is a money-tracking toolcoinpaper.com/1505/us-secret-service-blockchain-is-an-amazing-opportunity-to-track-money
1088 sats \ 4 comments \ @031ef7d322 16 May 2023 bitcoin
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21 sats \ 0 replies \ @SirGalahodl 16 May 2023
Well, the IRS wants to know about every $600 transaction in your bank account, so there's that...
All things considered bitcoin used with privacy best practices (no address reuse, coinjoin, avoid KYC, etc.) provides much better privacy and tracking prevention than the fiat banking system.
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11 sats \ 0 replies \ @Rock 16 May 2023
The hosts also advised on how to keep transactions hidden from the authorities. Disappointingly for crypto enthusiasts, the only viable way of securing secrecy in financial settlements turns out to be cash.
I wouldn't trust the advice of feds whose job it is to breach your privacy. There are plenty of ways to achieve privacy as good or better than cash.
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10 sats \ 0 replies \ @sudonaka 16 May 2023
“SS” ? 1940s Germany ???
Lmao at “recover funds by force” good luck. The best force the feds have is just another $5 wrench and their legalized violence and extortion.
Tracking money easily is a strength for the People- and a negative for the state. Taxes and international settlements on-chain for all to see.
They have more to worry about on this issue than we do.
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0 sats \ 0 replies \ @nullama 17 May 2023
Back in the day it was the opposite, Gavin Andresen went to give a talk about Bitcoin to the CIA in 2011
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