US GOVERNMENT FRAMES BITCOIN PRIVACY AS “CRIMINAL”
https://bitcoinmagazine.com/legal/us-government-frames-bitcoin-privacy-as-criminal
Discussion
Followed #plebchain
It's the government's same tired argument against privacy we saw them use against encryption in the 90's.
"Chainalysis’ own 2023 Crypto Crime Report has found the overall transaction volume of illicit activity to lay at merely 0.24%."
Whoa, that's lower than I thought.
nostr:nevent1qqs0nlr5wmlzedtf0wa5xtwun7kerst7e4tpdpphsgm8r799mzmrtmqpp4mhxue69uhkummn9ekx7mqk4exz4
A lot of questions on how they came up with that number.
What kind of transaction is flagged "illicit?" Are they to/from known DNM/Theft addresses?
Given this UTXO flow :
Is that two illicit transactions or one? How many post-coinjoin transactions are illicit?
Yeah, odds are it's overstated given their incentive to justify their existence