fireland

Joined 5 years ago

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Apr 14

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Obviously the mainstream media will immediately publish a wave of retractions to reflect this because they botched the reporting on this incident.

https://www.reddit.com/r/media_criticism/comments/mmhz7n/dc_...

For weeks they pushed the narrative that "the violent riots at the Capitol resulted in the death of five people." But this is wordplay. One died from being shot. Two died from natural causes. Another died from a drug overdose. And the last died from a stroke. So four of the five deaths were caused by unrelated reasons!

https://www.usatoday.com/story/news/politics/2021/04/07/capi...

Comment · 5 years ago

Tumbling on bitcoin doesn't work like it used to a few years ago. There are now multiple companies dedicated to blockchain tracking and analysis. All coins coming from tumblers are flagged. It's possible because the bitcoin blockchain is public and every balance and transaction is visible to the whole world.

Many exchanges refuse to accept coins that have passed through a tumbler. If you attempt to deposit these coins, the exchange will refuse to credit you unless you provide copious amounts of documentation. Currently they do not seize your coins but will force you to withdraw them.

Some exchanges are even going through users' deposit histories and are retroactively flagging deposits from coin mixing services: https://twitter.com/kristapsk/status/1374336620158140419

This is why many criminals are moving away from Bitcoin into Monero, which has anonymized transactions and doesn't suffer from the chain analysis problem.

Comment · 5 years ago

It's not, that analysis is from 2017 and the issues described have been mitigated. The Monero team updated mixin sampling algorithm to better reflect real world usage. They increased the ring size from a minimum of 4 in the paper to 11. The team is working on increasing the ring size from 11 to 64, and possibly 128 (provided there is enough block chain space).

Comment · 5 years ago

A hashpower majority is not needed. For the latter, if a single digit percentage of the hashpower decides to enforce the ban, other miners in the network have an economic incentive to join the ban as well.

The reasoning is explained here https://juraj.bednar.io/en/blog-en/2020/11/12/how-could-regu...

In short, if a miner chooses to include banned transactions in its block, it means that block cannot be built off of by fully regulatory compliant miners. Fully compliant miners will be still building off the previous block in the chain. If fully compliant miners win the hash race and mine the next 2 blocks, the original miner's block will not be part of the longest chain, and they will lose all their block reward.