Comment by colesantiago | Hacker News Reader

Comment by colesantiago | Hacker News Reader

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All of what you said isn't convincing at all that this is the future of money as you claim. Not even your extremely out of date sources are convincing.

Look at yourself, it sounds laughly like this is the future for criminals to transact with, Crypto ATMs, Gift Cards, Coinjoins, No Cameras, Monero, etc.

Interesting that you go through all this desperate lengths for magic beans that you trust any old random Bitcoin ATM that could be built by anyone [1]. Yes, you guessed it, it can be traced [2].

[1] https://cointelegraph.com/news/bitcoin-atm-firm-profited-fro...

[2] https://hub.elliptic.co/analysis/fraud-and-scams-involving-b...

You can expect me to be laughing when another crypto crash happens and you'll be sprinting to the nearest Bitcoin ATM.

> Any sources? Also, don't live in the US.

India: https://www.reuters.com/business/finance/indias-push-regulat...

UK: https://www.gov.uk/government/news/uk-sets-out-plans-to-regu...

Singapore: https://blockworks.co/news/crypto-singapore-license-standard...

> If not crypto, giftcards will work in a pinch (personal, smaller than $5,000) [2]. And for larger amounts, what I already cited works. [1]

Except gift cards don't work at scale. Crypto is way easier for criminals and is responsible for the amplification of ransomware which is on the rise.

https://www.techtarget.com/searchsecurity/news/366544598/Cha...

There is no upside to crypto at all and no normal person will perform / practice the fools errand that criminals and delusional utopian extreme individuals like yourself would engage in.

>Yes, you guessed it, it can be traced [2].

No really, bitcoin transactions can be seen?

That's literally one of the main points of a blockchain.

OMG, 8t9f8ibsfousghs sent 1 btc to 8o7tagoraiho8argf! Lmao, this tells you nothing about the wallet owner.

That tells you nothing about to whom it's going, and even if you could that why I:

> 2. I coinjoin the bitcoin

Going to skip over this again? No answer, buddy?

> [2]

Lmao, your own source, says "flow of funds from a Bitcoin ATM to.... Bitcoin mixing service known as Bitcoin Fog".

And that's where the trail ends. Seems that the mixers and coinjoins are working. Read your own source before posting. Even with KYC, it doesn't matter.

> India Singapore UK

Mixers and coinjoins were made for these situations in mind.

Still has no impact on me.

> [1]

Owners were aware fraud was going on and let it continue. Remind you of anyone [1-6]? I guess you shouldn't touch any sort of bank. They've been known to collapse and commit fraud on a massive scale. [7]

You can expect me to be laughing when another bank crash happens and you'll be sprinting to the nearest ATM.

> > If not crypto, giftcards will work in a pinch (personal, smaller than $5,000) [2].

> Except gift cards don't work at scale.

Source? And they do. [8] $233 million/year in one country. [9] And that's just social engineering, could do far more if there is an actual reason to pay.

> There is no upside to crypto at all

I can pay for the services I already listed in an above comment, without handing over my information to be breached or sold.

Are you a bot? We already had this conversation. You claimed that:

>>>>> Nobody accepts Monero, Bitcoin in the real world

I listed a few for you.

>>>> Kagi, vps providers, domain hosters, non-profits, email providers...

To which you said:

>>> The internet is not the real world.

And then hid from my response about

>> Tell that to Google, Microsoft, Apple... etc [4]. Welcome to the age of technology.

And once again you are hiding from:

>And your response, for the third time: Nothing!

Lmao, I can just use the same arguments since you are so scared of them!

This is the third time you have skipped over the same point because you are wrong.

Not to mention the other ones which I already pointed out.

Going to keep running?

[1]: https://www.bloomberg.com/news/articles/2019-02-20/swedbank-... [2]: https://www.theguardian.com/business/2019/apr/17/deutsche-ba... [3]:https://www.nytimes.com/2005/11/09/business/bank-settles-us-... [4]: https://archive.nytimes.com/dealbook.nytimes.com/2014/06/30/... [5]: https://www.justice.gov/opa/pr/bank-america-pay-1665-billion... [6]: https://www.investopedia.com/stock-analysis/2013/investing-n... [7]: https://en.wikipedia.org/wiki/List_of_banking_crises [8]: https://www.forbes.com/advisor/personal-finance/gift-card-sc... [9]: https://www.rd.com/article/gift-card-scams/

Why are you so desperate for me to answer your irrelevant points with your out of date sources?

> To which you said:

>>> The internet is not the real world.

>> And then hid from my response about

>> Tell that to Google, Microsoft, Apple... etc [4]. Welcome to the age of technology.

>> And once again you are hiding from:

>And your response, for the third time: Nothing!

Ask yourself, do any of these big companies you listed allow you to purchase goods with Bitcoin in a real world store? No? Irrelevant point you made then.

We both know that criminals like yourself use Coinjoin, and yet again this niche strategy is well known to lawmakers and it isn't going to fly with them.

So here’s how this is going to go down:

We all know that Monero is banned on most if not all exchanges [1, 2], KYC / AML checks are ramping up [3] and this will all lead to Coinjoin being effectively made illegal and the ATM slot machines being decommissioned.

The more people that use coinjoin the more it will be targeted resulting in the above, even if you claim it doesn't affect you.

You talk about ‘privacy’ yet the criminal activity with these tokens outweighs ANY fictional legitimate aspect of your use of Bitcoin.

Any desperate measure you take will be blacklisted and you will (as always) be left holding the bag unable to cash out.

> I can pay for the services I already listed in an above comment, without handing over my information to be breached or sold.

We both know that the large amount of activity on crypto is used for speculation and ransomware that you're still too scared to answer.

>>>> Kagi, vps providers, domain hosters, non-profits, email providers...

Still repeating your useless 'MuH KaGi' non-argument?

Kagi and those involved will be in trouble when the exchanges they try to cash out of detect a blacklisted conjoin address.

They will be either forced to comply with KYC / AML or forced to pay huge KYC / AML fines like what Coinbase did. [4]

So this how you plan to put a company out of business all for them to accept an energy intensive and wasting token that burns up the planet? Instead they will drop it like a rock and other merchants will do the same.

And yet you still can't answer the ransomware question because you know I'm correct?

> Going to keep running?

I shouldn’t see you running to your Bitcoin slot machine to cash out in a flash crash when Bitcoin's price drops only for the ATM machine to be out of service, shutdown or you joining a very long queue with other criminals trying to cash out.

1 — https://www.thestreet.com/cryptocurrency/dubai-bans-all-priv...

2 — https://www.binance.com/en/feed/post/585415

3 — https://cointelegraph.com/news/banks-with-crypto-services-re...

4 — https://www.washingtonpost.com/business/2023/01/04/coinbase-...

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