How can users who buy cryptocurrencies through KYC/AML compliant exchanges protect their privacy? What is the arrangement between these exchanges and analytics / surveillance firms? What is the safest way to get cryptocurrencies, or go between fiat and cryptocurrencies?
These questions were part of the monthly live Patreon Q&A session for April (rescheduled to May 5th). If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
RELATED:
Worse Than Useless: Financial Surveillance – https://youtu.be/n4F-h4xuXMk
Money as a System of Control – https://youtu.be/FyK4P7ZdOK8
Bitcoin: Privacy, Identity, Surveillance, and Money – https://youtu.be/Vcvl5piGlYg
Why I earn bitcoin instead of buying – https://youtu.be/Ci7TyD8jETY
Aadhaar and blockchain identities – https://youtu.be/GylSvJf53zI
Airdrops and privacy implications – https://youtu.be/JHRnqJJ0rhc
Wealth distribution statistics – https://youtu.be/X2Qsz4eaSPY
Re-using addresses – https://youtu.be/4A3urPFkx8g
Mixing services – https://youtu.be/rKoMvOH4zoY
MimbleWimble and Schnorr signatures – https://youtu.be/qloq75ekxv0
Offline transactions and fault tolerance – https://youtu.be/TSpKO1RaWU4
Using paper wallets – https://youtu.be/cKehFazo8Pw
Decentralised exchanges with fiat – https://youtu.be/3Url8tbQEkA
Decentralised exchanges and counterparty risk – https://youtu.be/hi_jaw0dT9M
How is fungibility tied to privacy? – https://youtu.be/VuI-8EwqIS8
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
The price of losing privacy – https://youtu.be/2G8IgiLbT_4
Why we should resist financial surveillance – https://youtu.be/KBFedmrDTQw
Why KYC is dangerous: microviolations of privacy as payment – https://youtu.be/rwF7nMWUjBs
Criminalisation of ownership? – https://youtu.be/5xihdO7bVZE
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
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What is bitcoin?
I thought about this and decided to go with privacy cryptos. Knowing that Dash reached $1500 ATH, I know that the privacy market is not a joke and if regulators keep bugging exchanges, the public will eventually push towards privacy cryptos and decentralized exchanges. Especially Tor based wallets and exchanges that offer identity protection, like DeepOnion and Bisq.
really enlightening.Privacy and anonymity is already becoming an issue. In my opinion, FIAT as a surveillance tool only affects when you buy bitcoin. but if you move the money to privacy coins like deeponion offering stealth address and untraceable transactions, the trail disappears. privacy coins are the future and will be worth a lot soon due to their utility.
AndreasCoin …. i would invest in honest money :>/
Here's a point I think of often, and maybe someone here can add or detract.
So far, after 35 years of business and 66 of life in general, the government (US, NYS) has never been a major hassle for me. I once had an audit, so I answered the fellow's questions, paid my accountant for his help, and that was the end of it. I don't mind living under government — which educated me, paves my roads, provides police and soldiers etc. Also, as a member of a community, I probably get a better deal with the trash hauling company than if I had to pay them by myself.
Furthermore, I'm perfectly happy to have my government go after gun runners, dope peddlers, money launderers and the rest of the scoundrels who make us miserable. Theoretically, I'm PART of the government, and it's my job to watch them and make sure they continue to do my bidding. (Which isn't so easy, but I'm talking theory here.)
While governments can go rogue and make people miserable (and it COULD happen here and NOW), I'm honestly more afraid of using my BTC to pay for a cup of coffee and having the merchant look at my address to see that I could buy a nice house in a nice neighborhood for cash. THAT worries me.
In other words, I fear the loss of privacy, but I don't fear an absence of secrecy. With 8+ billion people around, we are — willingly or not — becoming a global village, and villages aren't very private. I'm an urban dweller, so I have no first-hand experience here, but that's what I've heard about village life.
For these reasons, I'd like to see a layer-2 solution in the form of a FedCoin that insures my privacy (against prying by the coffee shop owner or the auto dealer), but that CAN be traced if a properly executed court order mandates it.
I have several other reasons to like such a project, but if this particular reason grabs your attention (either pro or con), I'd like to hear your thoughts on the matter.
Why not use DASH or Monero? DASH has PrivateSend (Coin Mixing) and Monero has all anonymous private transactions. Will Bitcoin ever add Privacy features?
No, you don't have to report your income. All taxation is theft and every governement agent is a criminal.
What do you think of Civic?
Considering they are full on KYC/AML welcoming regulators playing to safe (which I like).
Just curious what's the "expert" opinion on the project and perception.
the more we regulate the more crypto prices plummet
Hello Andreas. With Lightning and Atomic Swaps coming, are we going to have a Lightning decentralized market place, and how would that work ?
Anyone know if there is a way to claim today's OMG Airdrop if your ETH is on Ledger Nano S?
Assuming an address belongs to a particular person is not enough. This is going to go the same way as IP addresses. There is enough plausible deniability that it will never hold up in a court of law. Unless some physical evidence is shown that you control the private key to a particular public address then Chainalysis are simply selling snake oil.
Very good video – but one important question!
If bitcoin transactions can be traced back to source via addresses, is it enough to shift between bitcoin wallets?
To keep privacy should we really make sure we move between truly private coins like monero then back to bitcoin?
His knowledge is unmatched
Thank you sir, for generously spreading wisdom.
yea! Long live to coin mixers !
Andreas a day keeps surveillance at bay
Can anyone elaborate or link a vid elaborating on the switching coins to wallets / between wallets for added security for privacy that he touched on at the end ?
Can anyone elaborate or link a vid elaborating on the switching coins to wallets / between wallets for added security for privacy that he touched on at the end ?
Can anyone elaborate or link a vid elaborating on the switching coins to wallets / between wallets for added security for privacy that he touched on at the end ?
like.smashed = true ;
Bisq and Hodl Hodl completely circumvents this.