Ontario declares State of Emergency!

johnarb said:
There is no need to avoid KYC all the time

Addresses do not have names or addresses

I don't think you use cryptos

I've done hundreds if not thousands of on-chain cryptos transactions

Believe me, there's enough built-in privacy with bitcoins and cryptos

Unless you're a hardcore criminal like a drug-dealer or ransomware hacker or an assassin for hire, you do not need anymore privacy where international LEO's or even US authorities are looking for people like you

Trust me, you do not need monero-type level of privacy crypto, Agent 007
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In Canada, they are currently going after anyone who has donated more than $25 to the convoy. They are claiming that they will freeze your bank accounts, whether personal or corporate.

Let's say this happens in a Bitcoin world.

I transfer 25 satoshi to Freedumb Convoy 2024. The government finds all bitcoin addresses that donated and runs a chain analysis algorithm to find any citizen wallets involved and marks them as proceeds of terrorism/frozen/whatever. Good luck unfreezing them when no one wants to touch it. Yes your option is to leave the country, but good luck doing that with whatever other restriction they will put on you, again without any proof required.

How does Bitcoin avoid this? It doesn't. Your assumption is that there is too much noise but computers don't care about noise, humans do.

Until Bitcoin has actual built in privacy, will not protect against a determined actor who has a laptop and subpoena power.
 
nooby_mcnoob said:
In Canada, they are currently going after anyone who has donated more than $25 to the convoy. They are claiming that they will freeze your bank accounts, whether personal or corporate.

Let's say this happens in a Bitcoin world.

I transfer 25 satoshi to Freedumb Convoy 2024. The government finds all bitcoin addresses that donated and runs a chain analysis algorithm to find any citizen wallets involved and marks them as proceeds of terrorism/frozen/whatever. Good luck unfreezing them when no one wants to touch it. Yes your option is to leave the country, but good luck doing that with whatever other restriction they will put on you, again without any proof required.

How does Bitcoin avoid this? It doesn't. Your assumption is that there is too much noise but computers don't care about noise, humans do.

Until Bitcoin has actual built in privacy, will not protect against a determined actor who has a laptop and subpoena power.
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You are the one making assumptions

Chainalysis to find any Canadian Citizen wallet? The issue here is that I do not have the time to educate you on Bitcoin but please look in the Bitcoin blockchain for location information

25 satoshis going to that convoy wallet are coming from all over the world. If I was Canadian, I'd send it from a non-KYC wallet using a different crypto coin

https://changenow.io/?from=bnbbsc&to=btc


Unfreezing bitcoins? That's your assumption that you can freeze bitcoins in local wallets and that Canada can order all counterparties worldwide private and public to blacklist suspected addresses

Lookup UTXO's

Listen, you can make assumptions and if it makes you feel better that you believe they are correct, good for you

But as I said on my previous post, you do not use bitcoin and cryptos irl

Get some hands-on experience and you'll notice certain details as your mind tries to figure how things work and the processes that take place and always have a mindset that an adversary is watching all your moves all the time
 
johnarb said:
You are the one making assumptions

Chainalysis to find any Canadian Citizen wallet? The issue here is that I do not have the time to educate you on Bitcoin but please look in the Bitcoin blockchain for location information

25 satoshis going to that convoy wallet are coming from all over the world. If I was Canadian, I'd send it from a non-KYC wallet using a different crypto coin

https://changenow.io/?from=bnbbsc&to=btc


Unfreezing bitcoins? That's your assumption that you can freeze bitcoins in local wallets and that Canada can order all counterparties worldwide private and public to blacklist suspected addresses

Lookup UTXO's

Listen, you can make assumptions and if it makes you feel better that you believe they are correct, good for you

But as I said on my previous post, you do not use bitcoin and cryptos irl

Get some hands-on experience and you'll notice certain details as your mind tries to figure how things work and the processes that take place and always have a mindset that an adversary is watching all your moves all the time
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So according to you I have to take extra steps to protect myself and bitcoin does not do this by design. That's what I've been saying.
 
nooby_mcnoob said:
So according to you I have to take extra steps to protect myself and bitcoin does not do this by design. That's what I've been saying.
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Bitcoiners have been taking responsibility for privacy for a long time. It's one of the reasons to own bitcoin

Situational awareness is nothing new as far as risk-mitigation that Bitcoiners have been aware of. For example, since I got in to Bitcoin in 2013, it's widely known not to send or receive bitcoins to/from Coinbase to/from the Darknet or risk the account getting frozen

Notice how you don't deny that you do not use bitcoin (cryptos) in practice?

Also, when you see it in the news, you can post it to point it to me that a Canadian got his Bitcoin/crypto accounts frozen or seized after donating to the Convoy or that the said Canadian got arrested

Chainalysis does not have KYC access to all the blockchain addresses. They do not have definitive information that an address belongs to Mr. McNoob or a certain bitcoin/crypto transfer was initiated by Mr. McNoob and it takes a lot of resource to prove it beyond a reasonable doubt

Plausible deniability is another concept that is lacking in this exchange. A person can get hacked or the crypos can be transferred to a family member or a friend or a merchant who then sends to the Convoy

Anyway, this is the wrong thread for this, open one up in the Crypto Assets forum, but you need to educate yourself and not post false assumptions as it makes it difficult to have a discussion with you
 
johnarb said:
Spending bitcoin or any cryptos is not the goal

Having decentralized, censorship-resistant, trustless, permission-less money and store of value is

For example, if I was living in Canada right now and for some reason was targeted and all my accounts frozen, they cannot freeze my assets below. In fact, they have no idea I have them

When me or any member of my family is able to cross to the US or any country, I can send an amount to turn into cash or goods or services

View attachment 278153
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What's your method/platform of exchanging crypto-fiat for purchasing things. I've been trying to figure that out. It's not frictionless yet, so far as I can find.
 
misterkel said:
What's your method/platform of exchanging crypto-fiat for purchasing things. I've been trying to figure that out. It's not frictionless yet, so far as I can find.
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The easiest method and possibly the least costly in terms of fees is still Coinbase, Gemini or Kraken and transfer to bank accounts

I've done Kraken in the morning and they wire the money within 2-3 hours so it hits the bank on the same day if it's M-F

If you do not mind storing your fiat on a neo-bank like PayPal, I'm actually finding out that this is the best method and may consider this going forward

I just don't know if it's a good idea to have 6 figures or more of $ in a PayPal account

Coinbase to PayPal have instant transfers, so if you sell $10,000 worth of cryptos at Coinbase and transfer to your PayPal at 11PM on a Saturday night, you can go to an ATM to withdraw $$$ using your PayPal debit card

Bitcoin/cryptos is our investment portfolio so my situation might be different to others. It would be similar to another person who has a stock portfolio and would only sell for fiat periodically
 
johnarb said:
Also, when you see it in the news, you can post it to point it to me that a Canadian got his Bitcoin/crypto accounts frozen or seized after donating to the Convoy or that the said Canadian got arrested
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I think this has happened in the US more than in Canada. But they are interested in it happening there.
 
nooby_mcnoob said:
It is not. PayPal should be considered petty cash.
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I agree with this even though I've had 5 figures of $ at PayPal for over 6 months, I don't feel it's wise to go higher to next level

There's a proliferation of neo-banks, but I think another approach is to sell cryptos and keep the fiat at Coinbase/Kraken/Gemini and only transfer to traditional banks as needed
 
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