161–170 of 243 posts
Say it with me: "Bitcoin is not, and never was, anonymous."
That is not true. The original Satoshi paper has a whole section about it. So the intention of privacy was - at least in theory - there from the beginning.
The statute of limitation for wire fraud is 5 years. How did he get charged under that statute when he stole funds from Silk Road in 2012? Did they charge him for converting BCH into BTC in 2017? I tried to look up the case but couldn't find anything that shed a light on that.
Plea hearing is fun reading: https://storage.courtlistener.com/recap/gov.uscourts.nysd.58... > So, Mr. Zhong, the statute of limitations for the crime you're charged with in the information is five years. Accordingly, you could argue that the time to prosecute you for this crime has passed, and that the crime is now time barred; you can no longer be prosecuted. Have you discussed this with Mr. Bachner? > THE DEFENDAN…
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Only if you and everyone you ever deal with have perfect security. As soon as one person’s identity is leaked, that opens the possibility of a real-world ID being linked to a wallet. This story from about a year ago also showed how that worked with investigators tracing it link by link: https://www.wired.com/story/tracers-in-the-dark-welcome-to-v...
Future proof security. I think that people discount that aspect of it. If your identity is cracked at any point in the future, perhaps using methods yet to be invented, all your transactions will still be there on the blockchain. I once heard someone refer to the blockchain as prosecution futures, and that is about right.
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It's part of a plea agreement. In a plea agreement the defendant gives up certain rights in exchange for other sentencing considerations. They were worried they'd get a worse sentence at trial, so they plead to get a better deal. They didn't just give up their rights...
It sounds like they did give up their rights! Or else! Sorry, but there's no reading of it where a plea deal isn't threatening unreasonable punishment if you refuse to forfeit your rights.
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except that person(s) you gave and received the cash from know who you are.
Are Bitcoin ATM's still a thing? There used to be one in a coffee shop near where I lived. If I deposited cash and wore a facemask and sunglasses, how would anyone ever know who did the transaction?
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I know right?!? The WHOLE PREMISE of it was that it is an OPEN LEDGER...! I'm not sure how this persistent myth of it being a way to secretly make payments got around and stuck so well... maybe the "crypto" in the name?
"Open" is a heavily overloaded term. One of the main premises of Bitcoin is tamperproofness and permissionless participation. That in itself does not equate to lack of anonymity. Just have a look at Zcash[0] or Monero[1]. In general, the idea that openness and anonymity are in conflict with each other has not been true for at least 40 years. There's entire field of mathematics dedicated to solving this problem known…
Say it with me: "Bitcoin is not, and never was, anonymous."
I know right?!? The WHOLE PREMISE of it was that it is an OPEN LEDGER...! I'm not sure how this persistent myth of it being a way to secretly make payments got around and stuck so well... maybe the "crypto" in the name?
Earlier quoted context omitted.
except that person(s) you gave and received the cash from know who you are.
Are Bitcoin ATM's still a thing? There used to be one in a coffee shop near where I lived. If I deposited cash and wore a facemask and sunglasses, how would anyone ever know who did the transaction?
The statute of limitation for wire fraud is 5 years. How did he get charged under that statute when he stole funds from Silk Road in 2012? Did they charge him for converting BCH into BTC in 2017? I tried to look up the case but couldn't find anything that shed a light on that.
> The statute of limitation for wire fraud is 5 years. How did he get charged under that statute when he stole funds from Silk Road in 2012? This is a very simplistic view and this mistake is made a lot. There are several reasons why the statute of limitations could either be longer than 5 years or not yet expired even though it is 5 years: - Tolling. This is when the suspect exits your jurisdiction, preventing you f…
If there was a police report about a crime, if the police were unable to determine who committed the crime but at a later date could do so beyond reasonable doubt?
What if the perpetrator evades police for 5 years but remains in-state?
What’s your location also, that would be relevant to the laws your referring to.
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What part of the constitution prohibits banning software?
The First Amendment.
However, actually running the code to facilitate North Korean hackers launder money and personally profiting off of it? That's not covered by the first amendment, and I sincerely urge you to not try to find that out in the hard way.