201–210 of 236 posts
The exchanges are definitely in on it. From trading bots, to price volatility. Pretty sure there's inside trading being done on most successful exchanges.
Nothing better than knowing the behavior of a bunch of traders and figuring out the best massive bot trading strategies.
I get that money laundering is always linked to criminal activity, but how have we always just accepted the lack of personal privacy when it comes to finance? Privacy is a feature, not a bug; and whilst crypto may not be the way forward, I hope one day we can reach a solution that has both privacy and also safety. The language used by law enforcement is quite alarming, it suggests that they should be privy to ALL tra…
It's important to realize that attribution - knowing which human got which money when - is actually very important in many contexts, particularly when a lot of money is involved. This allows for an un-do button in the case of mistakes, fraud, etc. If I'm wiring my down payment for a house for $200k, it's nice to know that if I fat-finger the receiving account I can get the money back. How would you feel paying your d…
I can tell one of the ways that is missing in the article. Let's say, you have a lot of Bitcoins and your buddy is a bitcoin miner. You craft your transaction such a way that you put all your coins as transaction fee. You send your transaction only to your buddy. Your buddy picks it up and solves the puzzle afterwards. Fees will be converted to brand new coins.
It will literally be international news (in crypto circles) when a transaction like that gets mined. People frantically contact all the mining pools to see who mined it and if they will return the funds to the sending address. This has happened many times and they usually do return it, because people have nearly universal consensus that it was a mistake. Kind of not a great way because it is too conspicuous. There wa…
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No, just a secret block that isn’t broadcast to everyone. 1 block a week is plenty to pull this off and that’s just 1/1,000th of the worlds mining power. Unless you get really unlucky and the block fails to enter the block chain letting someone else gets credit for the transaction.
I'm curious what it's like, so here is a small calculation. Some metrics: - 144 blocks per day are mined on average - the current network hashrate is 145M TH/s - a 100 TH/s rig is about $10k. The investment to be able to have full control of mining one block on average, without electricity, internet and storage : - per week: you'd need 143k TH/s (145M / (144 * 7)), so about $14M of investment in just the mining rig (…
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I prefer the innocent until proven guilty model.
In the US legal system, that refers to whether you can be punished for a crime, not investigated for one.
The easiest way to totally anonymize crypto is to use hash marketplaces (i.e. Nicehash). Hash marketplaces let you anonymously buy hash power via BTC, which you can then direct to any crtpyo coin pool to get mint crypto coins.
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I've build a tool to detect differences between _my local_ mempool and what miners include in their block (there will always be slight differences). This is primarily intended to detect censorship, but can also detect transactions that never entered _my_ mempool. See https://miningpool.observer
This is really neat. Have you thought about trying to bundle it as an app that can be downloaded on umbrel?
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If you don't interfere with money laundering, the criminals eventually acquire enormous wealth, and with it power. They eventually acquire enough power to take over the government. At that point, you're at their mercy, and theorizing about privacy laws becomes a bit pointless.
So you are saying that before money laundering laws those criminals took over the government. It is almost like said criminals just don't want any competition now