Laughs in monero
FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act.
People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.
https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/
Discussion
Saw a report a few weeks ago that, on average, 8 of 11 (now 16) signatures in any given ring were linked to the NSA....
At least try making your FUD somewhat believable by learning how it works. You can't choose what transactions you are decoys for.
That would also have zero effect on Monero's hidden amounts and receivers.
The point wasn't that they were choosing specific transactions, but that they were such a high percentage of the whole network that it resulted in that.
The extent to which that participation was useful in undermining the network was undetermined.
Show us the report
I was wrong, or at least, passing on unverified info.
Sorry.
The info I shared was not from an article, but from a twitter account that has since been deleted. The post did include a link to this article:
https://www.wired.com/story/monero-privacy/
That's a different thing altogether.
Stupid laws like that apply to monero also.
Ok, but this is exactly the scenario Monero was built for.
"We're banning invisibility cloaks. We better not catch anyone using an invisibility cloak!"
Same energy
If you have a link to tbe source of this statistic I'd be interested to read it.