The administrator of dark.fail has criticized this technology in the past. In return, his address was marked as suspicious. Recently, the same thing happened to two donors who contributed to the running of the site. Dark.fail points out that he is a journalist. He does not commit any crimes, his website is not used for drug trafficking or ordering murders, respectively. child pornography
Should money that has ever passed through the hands of a "criminal" be forever marked? This is exactly what is happening to thousands of cryptocurrency users now. Chainalysis's KYT system identifies suspicious addresses, gives no evidence or method of appeal, and exchanges then steal these coins.If you send the marked Bitcoins to an exchange that uses KYT, this is considered a good enough reason to confiscate the coins.So velky be very careful where you send your Bitcoins. If your wallet goes somewhere on a darknet, it is quite possible that the whole wallet will be marked and the coins will become unusable. And worst of all, you only find out about it when you send them to a company that uses Chainalysis's KYT and simply steals your money.How can KYT be abused by governments in the future?In the US and the EU, regulations for cryptocurrencies are now being prepared to determine the conditions under which they can be used. Regulators must be careful to limit the anonymity of cryptocurrencies like Bitcoin as much as possible. In the future, any address that does not have a known owner could be marked, and coins in it would be practically impossible to use in Europe or the USA.The truth is that Bitcoin has recently spiraled out of control by regulators, and if they don't do something quickly, it can become a popular store of value at a time when central banks are devaluing their currencies (40% of all dollars in circulation = 40% inflation in 2020) per year!) and later, when the problems with high fees are resolved, Bitcoin could be used as a common currency.
Privacy is a fundamental human right that is constantly violated by governments and businesses around the world. In exchange for comfort and "safety," we signed up for the devil to protect us from the "criminal elements."By preventing BTC payments from the anonymous wallets of the authority, Bitcoin will come under their control and will be able to manipulate it as they manipulate the rest of the financial system.Anonymous cryptocurrencies may be the solution
Fortunately, the problem with the transparent bitcoin blockchain has a solution. one is the Lightning Network, which will be naturally anonymous, and there are many cryptocurrencies that allow anonymous transactions to be sent. One of the most popular is the Monero XMR, or our preferred Zcash ZEC.After all, even dark.fail solved the tricky situation with the marked BTC address by exchanging it for Monero. However, the US government has recently tried to attack this cryptocurrency. its goal is to break Monero anonymity
