Coinbase may monitor who you send payments to up to 4 hops

[Millard]

Blockstream CEO Adam Back:

"Some of the exchanges and wallets are using tracing services, and [if there is a connection to illicit activity] up to four hops deep away from you, they will freeze your account."
​

This threatens fungibility. Possible solutions are anonymity services like JoinMarket, Tumblebit and MimbleWimble

What If One Bitcoin Isn’t Like the Others? Fungibility Debated At Scaling Conference | CoinDesk

 

[heady muscle]

Control, control, control = madness.

 

[MindlessWork]

Yup big brother is at it trying to scare people from using bitcoin for purchasing gear. Even sources must be getting nervous.

That's why we need a more foolproof cryptocurrency exchange system. Fuck coinbase.

Will dark or offline wallets help?

 

[heady muscle]

Yup big brother is at it trying to scare people from using bitcoin for purchasing gear. Even sources must be getting nervous.

That's why we need a more foolproof cryptocurrency exchange system. Fuck coinbase.

Will dark or offline wallets help?

CIM. Undetectable if done correctly.

 

[MindlessWork]

CIM. Undetectable if done correctly.

Yup that's what it will have to come down to.

 

[Dizzy]

That's fucked up

 

[pumpingiron22]

Samourai Bitcoin Wallet - Home

 

[pumpingiron22]

I have coin base there a strict as chase. but i like that i can link my cc card

 

[TexasBear]

That's crazy. Hopefully guvmint got bigger fish to fry than me! If they sieze my account I am broke til payday but not much else. I ain't worth sh$$.

 

[HAMMER STILL STANDING]

Good info to Know.

 

[Cory Gabe]

CIM. Undetectable if done correctly.

May I ask what CIM stands for, please? I can't figure it out.

 

[heady muscle]

May I ask what CIM stands for, please? I can't figure it out.

Cock in Mouth.

 

[Cory Gabe]

Cock in Mouth.

oh well, I googled "cim bitcoin" and "cim acronym" while "cim urban dictionary" was the right way to go, I guess

 

[master.on]

Blockstream CEO Adam Back:

"Some of the exchanges and wallets are using tracing services, and [if there is a connection to illicit activity] up to four hops deep away from you, they will freeze your account."
​

This threatens fungibility. Possible solutions are anonymity services like JoinMarket, Tumblebit and MimbleWimble

What If One Bitcoin Isn’t Like the Others? Fungibility Debated At Scaling Conference | CoinDesk

So they are safe if they use 4 tumblers before transferring for illegal activities?

 

[jaymaximus]

May I ask what CIM stands for, please? I can't figure it out.

Cash in mail

 

[MindlessWork]

Cock in Mouth.

LOL that has to be the best post ever...

 

[master.on]

Cash in mail

In my opinion Cash will become the next steroid currency as global gov't surveillance increases.

Cock in Mouth.

LMAO
Actually, this is the 'currency' some pros use to pay for their gear.

 

[MindlessWork]

Cash in mail

Yup, that may be soon the ONLY way to pay for gear, considering now that authorities are now putting pressure on the bitcoin exchanges to watch for illicit activity. Already it's tough as it is to send funds via MG/WU.

 

[master.on]

Yup, that may be soon the ONLY way to pay for gear, considering now that authorities are now putting pressure on the bitcoin exchanges to watch for illicit activity. Already it's tough as it is to send funds via MG/WU.

Any sources already accepting Cash In Mail payments that you know of?

 

[MindlessWork]

Any sources already accepting Cash In Mail payments that you know of?

Not that I know of yet.