• Serinus@lemmy.world
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    9 months ago

    Crypto was more of a fiction than AI and it’s somehow still around. How many times can the same ponzi scheme collapse?

    • Ilovethebomb@lemm.ee
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      9 months ago

      There are valid uses for cryptocurrency though, most notably buying illicit substances.

        • possibly a cat@lemmy.ml
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          9 months ago

          I don’t want to nerd out but the summary mentions bitcoin, while I think monero is what is used for the dark net these days. Bitcoin is considered pseudonymous but monero was actually designed for privacy.

          • PorkSoda@lemmy.world
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            9 months ago

            For sure. The book’s epilogue talks about the changing crypto landscape and notes Monero. It more or less says that law enforcement is making strong progress on tracking those transactions as well. I don’t know if that’s law enforcement puffing its chest or if it really is and declined to give details.

            • possibly a cat@lemmy.ml
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              9 months ago

              The book’s epilogue talks about the changing crypto landscape and notes Monero.

              A merit to the book for acknowledging it even though it didn’t tie into the narrative focus.

              It more or less says that law enforcement is making strong progress on tracking those transactions as well.

              Still a point of contention afaik, I’m fairly convinced that it’s mostly puffing the chest, along with more experience in ID’ing operators based on other means. Zero days and quantum decryption are not going to be used to investigate the average dark net transaction. Targets for those would be things like nation states and maybe criminal ring masterminds imo. But tbf once the blockchain is cracked, the whole historic record goes from anonymous to pseudonymous (for those who are able to view it).