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Chuck Langstrumpf
232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065
Pura Vida!
Replying to Avatar Ava

Saw this coming. The Feds and CEXs do not like coinjoins.

Founders And CEO Of Cryptocurrency Mixing Service (Samourai) Arrested And Charged With Money Laundering And Unlicensed Money Transmitting Offenses

"Keonne Rodriguez and William Lonergan Hill Are Charged with Operating Samourai Wallet, an Unlicensed Money Transmitting Business That Executed Over $2 Billion in Unlawful Transactions and Laundered Over $100 Million in Criminal Proceeds"

"In coordination with law enforcement authorities in Iceland, Samourai’s web servers and domain (https://samourai.io/) were seized. Additionally, a seizure warrant for Samourai’s mobile application was served on the Google Play Store. As a result, the application will no longer be available to be downloaded from the Google Play Store in the United States."

"RODRIGUEZ and HILL designed Samourai to offer at least two features intended to assist individuals engaged in criminal conduct to conceal the source of the proceeds of their criminal activities. First, Samourai offers a cryptocurrency mixing service known as ā€œWhirlpool,ā€ which coordinates batches of cryptocurrency exchanges between groups of Samourai users to prevent tracing of criminal proceeds by law enforcement on the Blockchain. Second, Samourai offers a service called ā€œRicochet,ā€ which allows a Samourai user to build in additional and unnecessary intermediate transactions (known as ā€œhopsā€) when sending cryptocurrency from one address to another address. This feature similarly may prevent law enforcement and/or cryptocurrency exchanges from recognizing that a particular batch of cryptocurrency originates from criminal activity."

https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering

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"The company that owns Wasabi coinjoin is partnered with a blockchain analytics company so it is possible the analytics company could know where your coins came from and where they end up, where as Samouri whirlpool is afawk not partnered with such companies."

This is likely why the Samourai founders and CEO just got arrested and charged with money laundering and (unlicensed money transmitting) offenses.

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Never mix KYC coin with Non-KYC coin.

Coinjoin does not break your KYC links and the output UTXOs have a distinct obfuscated appearance. The only way to clear the KYC record is to sell KYC coin back to the exchange you bought them from. Mixing only gives a degree of plausible deniability, but can carry offramping risks. Many exchanges refuse coinjoined coin due to "suspicious activity."

"Bitcoin is often touted as a fungible and private asset and digital cash alternative, when in fact it is technically non-fungible. Each bitcoin in circulation has a distinct history attached to it ensuring that 1 BTC is not equal to 1 BTC. While coin histories can be somewhat obfuscated with tools like CoinJoin, the fungibility of Bitcoin remains distinctly lacking. This lack of fungibility imposes an immense burden on those using Bitcoin as a method of exchange (MoE), introduces a permissioned and centralized layer to the network, and destroys the confidence of everyone accepting funds in Bitcoin."

Coinjoined BTC is often blacklisted on exchanges and other services because it's considered "suspicious acrivity" that interferes with KYC compliance. Here are some examples.

https://sethforprivacy.com/posts/fungibility-graveyard/#wasabi

(Monero does not have this issue.)

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#cybersecgirl #samourai #bitcoin #coinjoin #monero

Damn it feels good to have Monero.

If you need the state and church to get an approval stamp on your relationship, you are not a real bitcoiner. Change my mind.

as long as people need somebody with influence to tell them how to disobey, they are fucked.

Replying to Avatar Marty Bent

Whenever politicians clutch pearls or attempt to brow beat bitcoiners about money laundering it is important to remind them that the US government is the biggest money launderer on the planet.

The Treasury issues debt out of thin air, the money gets handed to the Department of Defense and they overpay defense contractors 900x for commonplace nuts and bolts, among other things. This leads to obscene profits for the war industry and they shave off a small chunk of those profits to ensure the politicians that will vote for bigger defense budgets stay in power. Rinse and repeat.

This isn’t confined to the war industry either. It happens across the spectrum. Another example is Operation Warp Speed, which was an example of the Federal government directly funding and obscenely overpaying for a COVID vaccine that poisoned people.

What we’re witnessing is the largest ā€œlooting of the treasuryā€ in human history. Politicians and the corporate interests that back them are robbing the American people blind. Taking their money directly via taxes, indirectly via inflation and at the same time running up the biggest government debt bill the world has ever seen.

The politicians who enable this and then clutch pearls about bitcoin’s potential to enable money laundering are the scum of the Earth.

We are all being robbed in broad daylight and the thieves are making you out to be the criminal. Truly diabolical

The government is not your friend. It exist to strip you of your wealth and your freedom.

https://m.primal.net/HyRl.mov

Google "Perpetual Traveler" and stop funding that shit with taxes. Really easy for everybody outside the US. Take advantage of it while you still can.

Happy halving to you Edward, without you i would not have left my home country and go down the rabbit hole. Thank you, sincerely.

That moment when you realize that Monero is what you thought Bitcoin was...

i bought a coffee with a dollar bill. was awesome too. analog. paper. much wow.

Replying to Avatar Schmidt

wtf are they also delisting?