We knew it would have happened sooner or later.
#deletecoinbase was a trend last year for a reason.
That is what just happened:
Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino- Public records show that Coinbase wants to sell blockchain analytics software to the U.S. government
- Records indicate that the awards have not been made as of yet
- Both the DEA and IRS have expressed interest in awarding contracts to Coinbase for an analytics platform called Coinbase Analytics
- The developments come a year after Coinbase’s controversial purchase of intelligence firm Neutrino, and Neutrino is mentioned in the IRS documentation
Jameson Lopp pointed out correctly Bitcoin is already moving forward to make their heuristic techniques obsolete:
This is no surprise, our distrust in you is strengthened, we will make your analytics software obsolete
https://twitter.com/lopp/status/1269009773778939910?s=20Bitcoin has all the technology now (coinjoins, payjoins, mixers, whirlpool etc...) to make their analysis more difficult.
The user has the obligation to usa all those means to improve their privacy and the one of all the other users.
Don't let them succeed in their plan to leverage their Neutrino acquisition, pursuing their plan of trading our privacy with their business model.
On this subject, there is a wonderful treatise by my fellow italian bitcoiner Giacomo Zucco:
A Treatise On Bitcoin And Privacy Part 1: A Match Made In The Whitepaper How one’s focus can shift in just two weeks! While today everybody in the Bitcoin space seems more concerned with price fluctuations in response to the global financial panic (understandably so), it’s important to remember perennial issues that never go away, like the importance of maintaining your privacy when you transact in bitcoin. Throughout this month especially, we’ve been hearing reports of KYC/AML-compliant exchanges freezing user accounts due to suspected use of CoinJoin software (more on that later), followed by yet another case of a famous and respected early Bitcoin proponent promoting his new illiquid altcoin as something that “will replace Bitcoin, which isn’t private enough!”
If you want to take a short break from global pandemics, financial meltdowns and price volatility, here’s an attempt at analyzing claims, facts and context of this latest “Bitcoin drama.” To begin with, in Part 1 of this two-part series, we’ll start by looking at the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. Then, in Part 2, we’ll focus on some the ways that Bitcoin privacy is being maintained and improved upon — and strike down a few “red herrings.”
A Treatise On Bitcoin And Privacy Part 2: Don’t Be Misled By Red HerringsIn Part One of this treatise, we examined the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. In spite of some excellent privacy preserving options that have been available to users since those early days, we seem to have taken a few wrong turns. But to fix it, in order to make Bitcoin’s privacy “great again,” we must be able to distinguish between real privacy and red herrings that can only lead us further off the path.
I strongly recommend this reading, explaining why privacy is important for all of us.
