pull down to refresh

236 sats \ 3 replies \ @denlillaapan OP 8 Sep \ parent \ on: Can You Safely Launder Bitcoin? And How Much? AskSN econ
to give people peer to peer electronic cash to transact on the internet. the pseudonymity helps give regular users a little bit of privacy, but it cannot give thieves the absolute untraceability they want.

don't you think that's at least a little contradictory? If thieves can't get untraceability, we regular users aren't getting enough privacy/security either.

write
compose
868 sats \ 1 reply \ @phaedrus 8 Sep

Yes but there is a difference between the value. 4K bitcoins is a lot of value so it’s worth spending significant money/resources on tracing it while tracking a regular user with say 0.5bitcoin is not worth doing.

reply
159 sats \ 0 replies \ @dendehomie 8 Sep

yep but tbh 0.5 btc is still a lot of money lol

reply
1874 sats \ 0 replies \ @dendehomie 8 Sep

privacy and security are two very different things. you may know those coins belong to me but you can't get it from me without my permission. bitcoin may be traceable but is also unconfiscateable.

and even if i happen to be a coldcard user, you might steal it from me but also know that i will be able to track where you are moving those coins and eventually i will find you.

so i can argue that traceability is actually a security feature.

reply