FBXL Social

they allow monero to exist but they were actually afraid of tornadocash and now ppl are too afraid to use it or develop a successor. i just assume monero is pwned or the same thing would have happened to it.

@sun Do they really let Monero exist?

They pretty much make it as annoying as possible to trade without technically making it illegal.

@J they actualy hunted down and jailed ppl associated with tornadocash and effectively killed it

@sun Maybe they were just too late for that to matter for XMR.

@sun they got away with tornadocash because it stayed on github

@J i don't know if i'm right its just a suspicion

That's because it is illegal

@bot @sun I'm pretty sure that's not true.

You think its legal to deliberately hide where money comes from and where its going?

@sun It's possible but the only reason you'd make it illegal is drug busts on the dark web and there are better ways of going about that. Relying on PGP is the more retarded part of that whole system. I've never heard of XMR being used as evidence in a court.

@bot @sun If you report your income correctly on your taxes, there is nothing illegal about possessing or trading XMR or any other country with an anonymous ledger, it's just exchanges that are hyper-regulated in the United States. That's my understanding anyway.

Obviously, you could do something illegal with it, but it's no different than doing so with cash.

@J nsa works on parallel construction, they ynmask your transactions and then use that to find plausible weaknesses elsewhere that they present at trial rather than reveal they can trace you

This is a stupid opinion why do you think ppl were arrested for the tornado cash thing?

@sun @J the difference is the tornadocash devs had openly logged conversations about receiving north korean transaction cuts in the form of contract fees, you just don't brag to the fed/irs about your illicit untaxed gains like that without being made an example of

@J @bot the way they went after tornadocash was money laundering indictments. wait you may be saying, they developed the software and other people money laundered. true, yet the convinced the court. trivial to apply this to monero

@bot @sun cite an actual bill or ruling or stfu, fatso

@i @J are you talking about the north korean talk bc the govs pr claims don't match what they actually legally pursued

@i @sun so true

There's a reason no legitimate business will touch it, I'm sure they would love all the revenue from cp and drug transactions

@bot @sun Why won't you answer me, fatty?

Because you're an idiot

@i @J my interpretation is if you think you can dance on the line and play word games and that this will constrain the us federal government will just jail you anyway. things like "economic sanctions don't apply to my north korea talk because i didn't take any money and i just told them how crypto works not advise them on money laundering" the government just laughed and jailed him

@bot @sun this is cope

@sun @J but he was literally taking money from the transactions hapenning, they played stupid games and paid for it, it's not like the goverment had to overreach ground it hadn't already repeatedly clearly set https://www.lawfaremedia.org/article/tornado-cash-litigation-update

@i @sun What do you know? When you dig into most paranoid theories it turns out to make a lot more sense than you expected.

That's not the difference

@bot @i @sun Calm down sir.

@bot @J @sun I don’t know if you are aware about the multiple scandals involving banks. They were caught laundering money from Mexican drug cartels, terrorists and human traffickers. Seems they were aware about it. The prosecution in US against the English bank decided to give them a symbolic fine that didn’t affect them in any way. Because all banks are permitted to act that way as long as people don’t know about it

@Diceyocean @J @bot in the usa Wachovia Bank knew they were laundering money for murderous Mexican drug cartels. The cartels were depositing duffel bags full of money daily. The bank installed larger deposit windows to facilitate the duffel bags. They were never criminally prosecuted and eventually they were bought by JP Morgan that was bought by Chase

@Diceyocean @bot @sun bot loves banks bc they make it easy for her to buy 20 pc nuggets from Burger King every day.

monero is not compromised lol

@HWABAG how do you know, also the code is horrific, there's no way it's bug free.

@sun @Diceyocean @J @bot imagine how much beyter things would be if we killed criminal bankets

@sun @Diceyocean @J @bot bankers*

@HWABAG also I am not saying it's compromised, I am saying I find it weird that it's allowed to live but cryptographically provably secure mixing contracts the government actually shut down. doesn't prove anything and there are other explanations but it's compelling.

@sun @J @bot they play pretend with amounts of 100k when transferring for common people, making it difficult, but with the really big sums from criminal activity they don’t give a shit

@Diceyocean @J @bot yeajh the minimum reporting threshold is now something like 8k dollars.

Yea that says everything you need to know about monero

@bot @Diceyocean @sun Do you trust the morals of banks or distrust banks for being immoral?

Anything to be counter counter culture. Best replacement for a personality.

Weren't you dating a minor?

@bot @Diceyocean @sun She wasn't a minor in my state, retard. Weren't you stuffing your face with McRibs while sucking off the most evil institutions in the history of the planet?

Oh so you brought her across state lines to commit a crime?

@bot @Diceyocean @sun I literally did not do that. Take your meds.

@sun The feds weren't afraid of Tornadocash, as it really just did a bit of obfuscation - they traced the transactions and worked out that developers were into money laundering and arrested them.

A large cash rewards is offered to anyone who can provide information how to trace Monero transactions, but nobody can do it.

The feds aren't trying to get rid of Monero (the developers are idiots and are using github, allowing for easy identification and takedown), as if they really try, its usage will only increase.

The feds are getting it blacklisted from most exchanges and manipulating the exchange rate mind you.

@Suiseiseki from what information I can find the mixing was not cracked, they were caught because of operational security mistakes. but yes they were traced which is why they were arrested, I didn't know that, that does make the difference in why they were arrested and monero wasn't.

@Suiseiseki the difference also seems to be volume, a lot of money went through tornadocash, directly related to hacks

@privateger they could trivially go after node operators and people doing transactions even if they don't know what they're transacting. the result of banning from exchanges means that the legitimate users now find it impractical so what you have left are illicit uses. I feel like this is intentional

@privateger I agree they are taking many steps to make it hard as possible to use, but I think in practice they're only making it hard for legitimate uses. they clearly are afraid of widespread monero use but for things like localmonero, it is exactly the same as localbitcoin that they shut down first. it wasn't because it was monero but because it was cryptocurrency, I think the key to understanding this is that the us federal government puts you in the same category as criminal if you try to just use cryptocurrency like real cash.

@sun @J specifically they use illegal means to gather evidence and then make up a bullshit story how they didn't do that

should be killed tbh

@sun @J you have the right to a fair trial and the government literally manufacturing evidence is obviously not that

@icedquinn @J it's already illegal the problem is the retarded court system decided that if the evidence that was found using massive illegal surveillance is done by a government and the government can invoke state secrets then you can't enter its actions as evidence and if you try to sue to stop the secret program it's secret so you can't prove standing.

@sun @J the funny thing is that state secrets act actually can't override the constitution, legally. a crime cannot be classified.

every judiciary knows this but they don't want to be the guy to get gonked by cia/mossad.