Lol this is not how it works. You are not “assigned” a number. The wallet address you create can, in NO WAY, be traced to you unless you spend the coins to a known address.
Yep. Law enforcement can trace, reverse and seize most crypto transactions. Not sure about Monero but most of the others can be. Look at the oil pipeline ransom: Bitcoin paid and recovered.
I'm sure it was fake, but point still stands, LE can seize Bitcoin. I've got family with a large police agency and he absolutely can and has tracked and seized Bitcoin.
Hitting someone with a $5 wrench until they give you their private encryption keys is not cracking/hacking or seizing. That's plain and simply torture, and the human is the weak spot, not the computer.
Criminals get caught all the time, not because NSA runs a magic supercomputer in their basement, but simply because of human errors and small mistakes which allows the police to find you.
Like every crime (anything the government don't want you to do), you'll only get away as long as you don't do a stupid mistake that can tie you to the crime. Encrypting every file on someones computer and demand a ransom is a pretty serious crime, if you ever plan to do that, make sure that you know how to stay anonymous.
You can't just receive a crypto payment and then think you're 100% safe from any consequence, that's not how crypto works. But if used correctly, yes then you can be fully anonymous.
Partially traceable, but not tied to anyone's identity. It takes some serious and stupid mistake to actually get caught. And as always, when computers are involved, nobody want to publicly admit being that stupid, so they lie. It's also in the governments interest to make people think they can track and seize as they wish because then most people will just get a bank account the day cash is removed.
They have their get of out jail free cards anyway so no matter how bad they fuck up, they can admit and then nothing happens. That doesn't prove any weakness in common encryption algorithms.
Wallet addresses traceable, not the user. There are no any means in bitcoin-like crypto to connect person and wallet or address. Also, you could have any number of addresses and any number of wallets.
So, traceability of bitcoin user depends only on this user concern. If you use it thinkfully, you can't be traced. If you personnaly provide your address along with your name, leave home address for shipping or appear personally to get your purchase, it is your fault, not bitcoin's.
To minimize such ways for deanonimization, bitcoin provide a
possibility to create as many addresses as you wish. In the early days of bitcoin it was recommended to generate new address for every payment, send some sum (not equal to the sum of purchase) from your main address and pay from that address. Later you could spend a residue from that address adding it to the transaction from another new address. However, now it could be problematic, due to the long transaction time and relatively high transaction fee.
There's a difference between being "assigned" a key pair, and actually downloading the source code yourself, compiling and generate a cryptographic key pair which is your wallet. In the latter case it cannot be traced back to you.
You know, if you ever want to withdraw a large amount of cash you must identify yourself, banks surveillance camera will catch your face and all the bills will be traceable back to you.
See what you're doing here is pure ignorance, you don't know how neither cash or crypto works, yet you try to convince people based on faulty knowledge... this makes you a useful idiot to the globalist banking cartel. Educate yourself, know the enemy, then we can talk.
Lol this is not how it works. You are not “assigned” a number. The wallet address you create can, in NO WAY, be traced to you unless you spend the coins to a known address.
Yep. Law enforcement can trace, reverse and seize most crypto transactions. Not sure about Monero but most of the others can be. Look at the oil pipeline ransom: Bitcoin paid and recovered.
I'm sure it was fake, but point still stands, LE can seize Bitcoin. I've got family with a large police agency and he absolutely can and has tracked and seized Bitcoin.
Hitting someone with a $5 wrench until they give you their private encryption keys is not cracking/hacking or seizing. That's plain and simply torture, and the human is the weak spot, not the computer.
Criminals get caught all the time, not because NSA runs a magic supercomputer in their basement, but simply because of human errors and small mistakes which allows the police to find you.
So what, it's only untraceable as long as you never spend it?
Like every crime (anything the government don't want you to do), you'll only get away as long as you don't do a stupid mistake that can tie you to the crime. Encrypting every file on someones computer and demand a ransom is a pretty serious crime, if you ever plan to do that, make sure that you know how to stay anonymous.
You can't just receive a crypto payment and then think you're 100% safe from any consequence, that's not how crypto works. But if used correctly, yes then you can be fully anonymous.
Do people claim BitCoin is untraceable? mistaken
Partially traceable, but not tied to anyone's identity. It takes some serious and stupid mistake to actually get caught. And as always, when computers are involved, nobody want to publicly admit being that stupid, so they lie. It's also in the governments interest to make people think they can track and seize as they wish because then most people will just get a bank account the day cash is removed.
yet I could show you dozens of "I don't know much about computers" from public officials
They have their get of out jail free cards anyway so no matter how bad they fuck up, they can admit and then nothing happens. That doesn't prove any weakness in common encryption algorithms.
Wallet addresses traceable, not the user. There are no any means in bitcoin-like crypto to connect person and wallet or address. Also, you could have any number of addresses and any number of wallets.
So, traceability of bitcoin user depends only on this user concern. If you use it thinkfully, you can't be traced. If you personnaly provide your address along with your name, leave home address for shipping or appear personally to get your purchase, it is your fault, not bitcoin's.
To minimize such ways for deanonimization, bitcoin provide a possibility to create as many addresses as you wish. In the early days of bitcoin it was recommended to generate new address for every payment, send some sum (not equal to the sum of purchase) from your main address and pay from that address. Later you could spend a residue from that address adding it to the transaction from another new address. However, now it could be problematic, due to the long transaction time and relatively high transaction fee.
It's called Monero. Look into it.
https://cryptoslate.com/cryptos/privacy/
There's a difference between being "assigned" a key pair, and actually downloading the source code yourself, compiling and generate a cryptographic key pair which is your wallet. In the latter case it cannot be traced back to you.
You know, if you ever want to withdraw a large amount of cash you must identify yourself, banks surveillance camera will catch your face and all the bills will be traceable back to you.
See what you're doing here is pure ignorance, you don't know how neither cash or crypto works, yet you try to convince people based on faulty knowledge... this makes you a useful idiot to the globalist banking cartel. Educate yourself, know the enemy, then we can talk.