• clb92@feddit.dk
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      4 days ago

      The ledger being public doesn’t necessarily mean anyone knows who “13LPtD4GG1XX7fgrze6xMR5V284rRQg9jv” is. But yeah, you can of course track the movement of funds, and make educated guesses on which addresses belong to who.

      • Bonsoir@lemmy.ca
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        4 days ago

        Which is pseudonymous, and not anonymous. Unless we are talking about monero of course.

    • Jack Riddle[Any/All]@lemmy.dbzer0.com
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      4 days ago

      xmr is a cryptocurrency which aims to make reading transactions from the chain impossible. Iirc the main mechanism of this is that they bundle a lot of transactions together and send out coins from that pool only once it is large enough, without preserving each specific coin. This repeats for a few proxies. You could trace a coin from origin to endpoint, but this would be pretty much useless as you cannot know whether the endpoint was the intended one or not.

    • ImgurRefugee114@reddthat.com
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      4 days ago

      If you bought crypto, same way money laundering works. Otherwise you can earn crypto while remaining anonymous (but in the case of a VPN, connecting to it from your home IP after anonymously buying it kind of defeats the purpose [partially])

      • ViatorOmnium@piefed.social
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        4 days ago

        If you are buying online it will track back to you through the payment method. If you buy in a physical location, you give an important clue to where you live. If a state actor wants to deanonymize you, it’s only a matter of how many resources they are willing to spend on it.

        • Bytemeister@lemmy.world
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          4 days ago

          If a state actor wants to deanonymize you…

          Then there ain’t fucking shit you can do about it. The only thing you can do to keep big brother off your back is to be too small of a fish for them to spend their time on.

    • magic_smoke@lemmy.blahaj.zone
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      4 days ago

      Okay, politely, fuck off. Its 2026 and I absolutely refuse to believe anyone educated on crypto enough to know what a blockchain is and how it works, even if just a basic understanding, doesn’t know about encrypted blockchains or XMR.

      You get to post this comment like once in your life, and after that we both know its in bad faith. I really doubt its the first time.