I did it!

juanmecha said:


Check out, "Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency" by Andy Greenberg. The idea that crypto cannot be traced to back to you is a fantasy. Especially here in the US.

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I read the book. The only mentions of Monero are early on where Chainalysis spooks claim to be able to trace some small portion of Monero, but decline to offer any evidence, because they have smoke to sell to the law enforcement muppets who believe them. Later on in the book comes this quote:

I ask Gambaryan [former IRS investigator] if this exodus [of IRS agents and other crypto law enforcement] is in part because savvy agents like him are realizing that the golden era of cryptocurrency tracing is coming to a close—that changes in technology like Monero, Zcash, or other privacy tools will finally end his years-long hot streak of cybercriminal busts.

“Monero is a huge issue,” he concedes. “People are out there talking about how they can trace Monero. They can’t. Not to a level where you can actually convict somebody in a criminal court without other evidence.”

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Of course you can get arrested and convicted using Monero. There are infinite number of operational security mistakes you can make yourself to deanonymise yourself. However, the core technology is secure, and there is no public evidence that anyone has fundamentally broken the protections of Monero (Zcash is a joke, so I don't care about that one). We know this because about a year ago, a training video produced for IRS by Chainalysis leaked about a year ago and they had nothing to show for their multi-year effort to trace Monero except showing how they exploit OPSEC errors.

The existing attacks on Monero are either timing based (you send 100 USD, the criminal receives 100 USD, if they're monitoring both sides, you can infer what happened) or malicious remote node based (the Monero node is hostile, and it messes with you and collects your IP address) which is easily addressed by using TOR or running your own node. While those are a problem, they are being addressed, and only the most high profile users need to worry about them.

Monero is not a magic bullet, nothing is, but when used correctly, it is, for all intents and purposes, untraceable.

Gatorade said:


Sorry I’m a dummy with this. If I purchase crypto directly on trust wallet with a debit card and then send am I good? Or am I leaving something out?

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That's better, but it is not ideal. You're still sending money to a vendor from an account that has your real identity tied to it.

You should still put a self-custody wallet as an intermediary step, so that anyone who looks into the transactions sees a wallet that they cannot prove belongs to anyone. Sure, there's still a link to you, but it is the investigator's job to prove that you're in control of it, and if you don't blab about it, that's very hard to do, and not worth the effort.
 
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