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by sampl3username 344 days ago
You just need to swap them for monero and then monero for litecoin or bitcoin again. Now you have anonymous, untraceable coins.
4 comments

Someone actually did that, a few months ago. 320M in BTC was converted to monero and the price of monero increased by 50% [0]

[0] - https://slashdot.org/story/25/04/28/198238/monero-likely-pum...

Not quite that simple, that’s vulnerable to an Eve-Alice-Eve attack. If $1B in BTC moves around in short succession the TXs can be linked easily. You need a mixer that splits up the amount to be paid out, and even then it needs to be done piecemeal.
Do all outputs from exchange are automatically trusted? Seems like any should be tainted forever. Or is it impossible to tell whats from mixer?
There are companies (Chainalysis) that track blockchains and ‘grade’ wallets according to who they’ve transacted with. If enough of a wallet’s funds are from a mixer it may be scored a grade lower than the exchange’s KYC rules allow to do business with.
I doubt there's enough liquidity to swap that kind of money...
Monero daily volume is like $50m lol