Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Solarminer
on 31/01/2017, 18:27:42 UTC
http://www.coindesk.com/fbi-concerned-about-criminal-use-of-private-cryptocurrency-monero/

Quote
The privacy-focused digital currency monero has captured the attention of the Federal Bureau of Investigation (FBI), which has expressed concerns over its use among criminals.

and so it begins...

Quote
Following the event, the special agent said he couldn't provide additional details specifically pertaining to the FBI’s investigative techniques surrounding monero when asked by CoinDesk.

oh boy   Shocked


Is this supposed to be bad for Monero or something?  I seriously doubt the feds are going to be able to coerce view keys from transactions to put any links together.

Why did they pick Monero?   Here is the quote - notice they mention "catches on".  Which privacy coin has highest market cap?
"We’re going to look at what catches on, and what becomes mainstream, and then we’re going to keep an eye on that, because usually not long after that is when you start to see some of the fraud and some of the more nefarious uses of that technology."


On the other hand Dash is partnering with Coinfirm.   Coinfirm should be able to track IP to masternode address to how many rewards each masternode gets to where it is spent.   At that point, any law that comes into play can force a warrant to get the user of an IP address and file criminal charges....tax evasion, mixing(laundering), money transmitter, not declaring crypto holdings over xxxx amount.   The law may not exist now, but the blockchain is forever so expect retroactive enforcement.  Ironically, it would be a piece of cake for the Fed to go after Dash "criminals".  What about mixing?   Feds can just declare mixed coins laundered too.

There is a solution.  It is called IP blinding.  Has that been implemented as a standard feature?  Nope.   Or mixing could be default so coinfirm can't track all of this information, but that idea was put to bed too.

I really could care less about Monero.  But it sure would be nice if Dash would pay attention to what is happening and improve privacy instead of assuming every other coin is inferior.