MIT review hates crypto. I’ve never seen a positive article about crypto coming out of this publication. This article is aimed at showing two things:
- Pretty much everyone who uses crypto is a criminal, an evil speculator, or a tax cheat. Filthy criminals and assorted dissenters and lowlifes need to launder their money so that our wise and just government can’t find and punish them. And, ah, take their money for themselves.
- One of the killer apps of crypto is financial privacy, a.k.a. “money laundering” to establishment sycophants. It’s not actually possible to hide your crypto or its origins from our steely-eyed law enforcers, so now that they’ve knocked the props out from under this key feature, the whole ponzi scheme may come tumbling down. Sell back into the dollar and sit still while we inflate all the value out of your savings. It won’t be long, now. Remember, this is a Democracy, and your government is your servant!
Any cyber thief worth his salt would convert his bitcoin into one of the three big anonymizing coins, or one of the lesser ones if need be, by way of Shapeshift or Changelly, or one of the myriad, unstoppable anonymous exchanges popping up like mushrooms on the manure pile of the old world currencies.
The article is suggesting that these “sleuths” look at the bitcoin transaction coming from a target wallet, check it against Shapeshift’s outgoing transfer list, and figure out by time and by transaction size which wallet the transfer went into.
And this will work, of course, unless the target transfers into Monero, and then sends the Monero to another Monero wallet. That new wallet is unknown and unknowable to our taxmen — er, I mean cyber sleuths — and the money beyond their reach.
