Hacker News new | ask | show | jobs
by sebzim4500 919 days ago
I think most people using crypto for illegal purposes will mainly be transacting with people that don't know their identity, so that is not a deanonymising risk.

It's true that people sometimes get caught via chainalysis/etc., but I think there is a lot of sampling bias here. Someone who isn't an idiot and washes their funds through dodgy asian exchanges/privacy coins is probably quite safe, even compared to using cash.

1 comments

> think most people using crypto for illegal purposes will mainly be transacting with people that don't know their identity, so that is not a deanonymising risk

Demonstrably untrue. Also, many people using crypto are unknowingly commiting crimes. They're not the smartest bunch. Between taxes and reporting requirements, you can usually nail a crypto user with less than $1k PI time.

If it's demonstrably untrue then demonstrate that it isn't true