I will never understand why Bitcoiners ignore Monero, when one friend after another gets prosecuted, thrown into jail or killed for the transparent use of Bitcoin. Bitcoiners hear me out: Your government might want to get rid of you or your wealth in the future. For your own safety. Use the right tools for the job provided by us cypherpunks.
SimplifiedPrivacy.com's avatar SimplifiedPrivacy.com
Roman Sterlingov’s conviction for running a mixer is a dangerous legal precedent The only hard evidence for him to serve 20 years in prison is that his KYC Bitcoin went through many hops and wallets before it later was used to buy a domain name. Which was then used for illegal activity. This would mean that you’re responsible for the future actions of anyone you pay
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Everybody thinks that this case is an outlier IMHO and it won't happen to them. Well, this isn't their only mechanism of attack. The IRS also uses chain anal to track traceability, and if your original buy doesn't trace to the final sale on your taxes then that could be another excuse for an audit. If you coinjoin you are rolling the dice.