@gentlemand delivering the goods as usual
Thank you for sharing this Twitter thread.
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swap to XMR as needed, and avoid KYC.
Monero is obviously the most promising altcoin, but it is still experimental tech.
Just take a look at the critical bug that was patched a few days ago:
https://thenextweb.com/hardfork/2018/09/25/monero-burning-vulnerability/“A bug in the wallet software allowed a determined attacker to cause significant damage to organizations
present in the Monero ecosystem with minimal cost,” declares the official statement. “[…] A determined attacker
could burn the funds of an organization’s wallet whilst merely losing network transaction fees.”
On an unrelated note the problem with avoiding KYC is very often that you end up
buying your first Bitcoins without worrying about privacy or fungibility at all. If you
discover the value of privacy and the extent of blockchain analysis down the road, it is often too late
and your coins are already tainted with a connection to your true identity.
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Some interesting reading about the stats of US government spending on blockchain analysis.
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https://docs.google.com/spreadsheets/d/1IlH60Jd9tfKsttABORiZGhBlLz4L4pwSLX0jIYZWj2E/edit#gid=0Why did the FBI receive money from Chainalysis (row #8 of the table)? In all other
deals the money was flowing from the government agency to an analytics company, which
is the direction that makes more sense.