Investigators traced the remittances an immigrant was sending from Hawaii to Mexico to figure out his location.
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Sources please showing monero is traceable
The important thing about any cryptocurrency scam is that it can’t effectively be traced by the victims.
Meanwhile, you have only whitepapers on your side. No peer-reviewed journal has ever asserted Monero is untraceable. Meanwhile, there are some very smart people with a strong incentive to both test the ad-copy and while not breaking the illusion. Why are you so confident?
Now your talking out of both sides of a issue, it’s problem is that it isn’t traceable but also that it’s too traceable?
Yes. It is untraceable to the people who are harmed by it, yet traceable to the powerful actors from whom it claims to protect. Your claims that Monero is fit for opposing state-level actors originate from salespeople, not scientists.
You’re replying to my comment that Monero is a scam. Your assertion that I prove it is untraceable is a non sequitur.
You haven’t demonstrated that it’s a scam. A scam is something that doesn’t do what it says it does. You haven’t proven that. You’ve made assertions, you’ve made claims, you’ve been very emphatic, but you have not provided a demonstrated evidence
I think you’ve gotten lost in the weeds. I didn’t come here to drop my 0-day on Monero.
I don’t know or care what legally-actionable claims are written on the side of the tin cans of authentic Monero purchased directly from the Monero factory. It matters what hucksters, con-artists, and true believers who are selling it claim. And considering the level of bullshit that fills the cryptocurrency world, demanding some rando meet your standards of proof in exchange for internet points comes off a little unhinged.
The most recent true believer claim is that the solution to Hispanic immigrant day laborers having their wire transfers being surveilled by the government is that they start using Monero. The reason that’s an absurd statement is obvious to almost anyone who has experience with immigrant communities, cryptocurrency, and/or reality.
One of the true claims you can make about Monero is that it is not traceable by people on a day laborer’s income. These are the targets of scams facilitated by Monero and other cryptocurrencies. If you’re a wealthy person who preys on desperate people, I guess Monero does what it says on the tin. But if you’re trying to reliably send your wages to family in a place without reliable internet and secured computer endpoints and your English and computer literacy isn’t great, Monero is one of many ways you can lose your shirt.
Ok, so your screed against Monero is from the paper of “Trust me bro - A occasionally updated substack blog fueled by stale coffee and depression”
At least you admit implicitly that there is no known deanonymization attack on Monero.
There is very little overlap between respected cryptography researchers and bitcoin developers. The chain between theory to implementation to practice is difficult enough for state actors to handle reliably. The history of Enigma, Type B, JN-25, soviet one-time pads, and modern schemes like DES, 2-DES, FEAL, KASUMI, and BassOMatic, suggest not only that encryption isn’t a guarantee, but conspiracies to keep a scheme popular long after it has been broken are common and widely successful.
I don’t know a deanonymization attack on Monero. If that’s all it took to make you feel Monero is secure, you’re in for trouble. Encrypted or not, every transaction is immutably stored in the blockchain and replicated in millions of times to any bad actor who wants a copy. Even if there was no currently known deanonymization attack, that would not mean that a deanonymization attack is impossible for everyone and for all time.
Hey, you already took a bite at this apple! now you want to do it again? Why not just update your other post.
Ok, and what does that have to do with Monero? Monero IS NOT BITCOIN
Thank you for EXPLICTLY stating that. That is the only reason why half the people in this thread are responding you to. We don’t care if you like Monero, we just care if you knew about an attack that we didn’t know about.
Hey! We finally agree on something. This goes into your threat model and use. Most people wont care if their remittances can be cracked 5-10 years into the future. If someone had a very sensitive threat model, they would have to be far more careful.
I also appreciate your implicit admission that using Monero in place of wire transfers by immigrants is so stupid as to be not worth defending.
Oh, I’m sorry if I was confusing in my writing, I’ll be clear:
Monero is the optimal choice for wire transfers because it maximizes privacy, prevents third parties from committing human rights violations, stops rent seeking, and gives financial autonomy to the downtrodden. It is the refuge of last resort in conflicts, humanitarian crisis, and the debanked.
Access to the money you earned is a human right.
https://en.wiktionary.org/wiki/implicit
Just to clear that up for you.