I’m always heartened to see another local news team start digging into asset forfeiture. Especially the ones that don’t sugarcoat the findings with headlines that read like they were cr…
  •  chicken   ( @chicken@lemmy.dbzer0.com ) 
    1•10 months ago

    Unless you use something like Monero

    So just do that? I don’t get this argument that lack of anonymity is a fatal flaw when various effective anonymizing solutions exist.

    But anyway that talking point isn’t even relevant in this circumstance. It doesn’t matter if it is possible in theory for someone with access to exchange records to uncover a link between you and your crypto holdings. Cops looking to mug you at a traffic stop or the airport are not going to find it practical to do that, and even if they did they have no way to take it from you simply because it isn’t a physical object. It’s an objective fact that cryptocurrency is massively more resistant to civil forfeiture than physical cash.

    •  BrikoX   ( @BrikoX@lemmy.zip ) OPEnglish
      1•10 months ago

      I don’t get this argument that lack of anonymity is a fatal flaw when various effective anonymizing solutions exist.

      It’s only not a flaw if people do take those extra steps. By default, it’s not anonymous and that is an important caveat.

      It’s an objective fact that cryptocurrency is massively more resistant to civil forfeiture than physical cash.

      As is a bank account if that’s the threat model. Everything is relative to a threat model you want to protect from.