this post was submitted on 17 May 2023
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Technology

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US Secret Service claims it can recover stolen crypto and advises using cash for privacy (coinpaper.com)
submitted 2 years ago by ailiphilia@feddit.it to c/technology@beehaw.org
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"The blockchain provides us with an amazing opportunity to track the flow of money", an agency head said in an AMA session on Reddit. The US Secret Service is a federal law enforcement agency primarily charged with protecting US political leaders, but it’s also tasked with safeguarding the financial system and fighting financial crime. The hosts also advised on how to keep transactions hidden from the authorities. The only viable way of securing secrecy in financial settlements turns out to be cash, they say.

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[–] nutomic@lemmy.ml 3 points 2 years ago (1 children)

most adults know that second hand bikes are routinely stolen and resold for cash, and buying one without clear provenance is a risky endeavor,

If police come after you because you bought a used bike, you already live in a police state. Most of the world isn't like that.

[–] dax@beehaw.org 5 points 2 years ago (1 children)

They aren't coming for you, they're taking the bike off you. So now you're out $MoneyDollars and you don't even have a bike to show for it.

[–] nutomic@lemmy.ml 1 points 2 years ago

Luckily police in my country doesnt have time to go around stealing bikes.