I always enjoy debate with you mate when it comes to security....
But in all honesty please explain “bitcoin exploit”?
When i mention bitcoin i mean it a bit more than others may or may not understand.
please explain how it is “traceable” ??
I could and will touch on it slightly here, if you run a SEVER “no logging VPN” and use that VPN on another OS you have left yourself open.
Need that be IOS, windows and logging into that VPN can get you trouble. There is laptops near dead selling on the BAY thats worth Pea-Nuts and they sell well.
(YES XP)!!!
To say bitcoin is “traceable” is wrong my friend.
If your device is logged and you login with user/pass on another device it can be keylogged, usually done by .EXE on windows and other methods on IOS.
Bitcoin is safe mate!!
How you manage you coin wallet is open for debate.
I for sure would use a separate computer with multi-proxys then VPN to buy coins in correct places.
How can i be traced after all the hoops i jumped through?
Bitcoin is not anonymous. It is 100% traceable, and there are companies that specialise in this.
Bitcoin is essentially an online ledger, so all transactions are logged into the ledger. You can see the wallet address that sent and received the coin, and then work backwards.
Just a couple of links to have a read of. There are also companies that specialise in tracing bitcoin transactions, normally for law enforcement. Bitcoin blew up due to the ability to be "anonymous" on the dark web, but it was soon found out to not be as anonymous as people thought.
Then mixers were invented, which basically took your coins, put them with other coins and then created a new transaction, essentially cleaning the coins, however it's all still on the ledger.
Using a VPN makes no difference, neither does proxies, as it's all logged on the ledger. So you buy coins from coinbase, send them to an offline wallet. You then send those elsewhere, all of those transactions are logged on the ledger and can be read by anyone. You can then work backwards to trace where the coin come from, and to whom the person it was sold. Coinbase and other companies that sell coin have had to adhere to money laundering rules, therefore they work with law enforcement, and will sell you out in a heartbeat.
Part of the appeal of bitcoin is the DDLS, the underlying technology that verifies everything. So, you've got miners, they basically control the ledger (They don't really but I don't know how else to explain it), a certain % of the miners have to agree to a transaction, once that transaction is approved, then it gets put on the ledger. Once it's on the ledger then it's a valid transaction, this was done to stop people hacking the system basically. There have been forks for certain reasons, but it's a majority rules scenario, like when they wanted to increase the size of bitcoin blocks, there was a fork. When BTC Cash came out, there was another fork, and a couple of other ones too.
There are many more people who could likely explain it better, but have a read of bitcoin on reddit, or over at the bitcoin forums etc. There are people who are watching wallets, checking for the movement of coins, trying to hack the bigger wallets etc. You could have a hardware wallet, but again, these can be cracked, im not currently aware of any wallets that are unhackable. And cashing out is the hardest part of all, you can use localbitcoins etc, but there are few people that can cash out vast amounts of bitcoin at once, and it comes with some hefty fees as well. And there are people that will rob you. I remember reading about a guy in London, met someone in a cafe or something, it was for like 10k in coin, got the money, transferred the coin (It was a woman paying the £ for coin), they then had a text off another person in the cafe saying give the money back to the lady or they were going to shot, and they pulled a gun and showed the person. Naturally, they gave the cash back, and they fled with both the coin and the cash, but the seller contacted localbitcoins, who froze the transaction, got the coin back to the seller, and passed the details to police who then arrested the offenders.
Im not one to disagree with you mate, as you know your shizzle. But you're 100% wrong on this one, there are a few coins that are better to use, monero being one of them, another is zdash or dashcoin I can't remember. I used to dabble a little, but since you can't exchange ethereum to XMR, then i've not really bothered. That was another way to "clean" the coin.
If you want complete anonymoity then you need to use TAILS, but even that can and has been hacked. Facebook bought and used a 0day against a sex offender
Last I checked, it still hadn't been disclosed to tails what the 0day was. Another option is whonix, another linux based OS. If you're interested in learning about security and staying safe online, then i'd suggest reading the jolly roger security guide.
