Topic: Crypto Mixer developers are arrested in Netherlands - page 2. (Read 422 times)

this is not a reason to now scare people into thinking everyone is on some watch list where government agents are watching you 24/7(like certain people in another topic are trying to elude to to pretend bitcoin is not fit for purpose)

the government (simple logic and research) do not have the capability to watch everyone.

instead the government ask BUSINESSES to watch a particular set of people. people that do suspicious things. like using privacy tools.

so not everyone is being "watched"
but if you are using a privacy tool. then expect you are on a watch list and expect the chances of your details being passed onto the government is higher than someone who does not use privacy tools

Crypto will lose its anonymity if it wants a mass adoption. When the developed countries start regulating crypto, they won’t let you stay anonymous. They’ll want to know who you are and what you do. That’s how governments work. Mass adoption won’t happen for free. It will come with a price. The price is your freedom.

nothing to do with USA
it was the dutch.. so constitution does not apply

in fact they ARE going after users too from what I hear.

This is entirely unconstitutional and it's because we're not doing enough to make our voices heard in discontent that they're getting away with this. It's insanity. The USA is becoming the most evil totalitarian dystopia on the planet.

At least the DPRK was always consistent with its totalitarianism.

when cryptocurrencies were defined by fiat law as currency. (circa 2014-5) instead of remaining as a digital product/good. things changed

yep it may have made some think it legitimised bitcoin, but it also allowed an entrance by regulators to start putting rules on businesses that interact with cryptocurrencies

the guys at tornado were not arrested for just being a mixer. it was that they were caught allowing PEP (politically exposed people) from russia, who are currently banned from trying to move value out of russia

..
side note
mixers no matter who uses it, no matter the source of funds. no matter the destination of funds, are treated as a suspicious activity by regulators where businesses that are regulated have to red flag anyone that uses a mixer no matter the reason or purpose someone has for using a mixer.

the same applies to coins/tokens with privacy enhanced features
this is things like monero, liquid, and others

the same applies to sidechains, subnets/altnets bridging to main net blockchains, where such side/sub/layered networks are advertised as privacy networks
this is things like LN,

this is not to say that mixers are illegal. but they are categorised as services that put users of service under suspicion and put on a watch list.

..
some people think that mixers are not regulated and not meant to cause mixer users to be put on watchlists. and these people will try the foolish hardest to try to get everyone to use a mixer pretending it hides users.. yet by using a mixer actually puts a big neon arrow on users and makes them get watched far more.
yep the regulation for businesses to watch users of mixers, creates a scenario where mixers then do not protect privacy. because now people are put on a watch list due to using a mixer.

in short
if there was 2 people waling down a street. one guy walking normally. no one cares, he isnt doing anything suspicious.
and the other guy told to jump in a black box. where its closed off and several black boxes are thrown into the street so that for a 20 yard stretch you cant tell which one is the one with the guy in it.. is 'privacy'.. however when the guy gets out. he is then watched for every movement he does afterwards and also by seeing him get into the box, they can back trace his actions before getting in the box, and that is watched too..

suddenly even if he never done a crime. all of his actions before and after using a mixer is now on a highlighted watchlist.

thus defeating the point of a mixer.

The guys running Tonado.cash who supposedly provides anonymity for his clients is pretty much exposed and is now in custody. On the other news, it says Suspected developer of crypto mixer Tornado Cash/ Alleged Tornado Cash developer arrested in Amsterdam. So he isn't confirmed whether it's him or not. It'd be scarier if they are also going after the users of Tornado Cash.

Nowadays your safety is at the will of the US government. They alone can decide who to arrest, who to sanction. It's best not to arouse the beast in vain.

And don't think it's Biden doing the whole thing, there's a whole network of administrators working on this that ends at the secretary of state.

P.S. "Administrators" - haven't we come up with a better word for what most other countries would call ministers?

This is scary news for those of us who value our privacy.  The developers of the Ethereum mixer Tonado.cash have were arrested by Dutch police early today.  The police state are frightened by (y)our privacy, and are now showing how they are the real threat to democracy.  This isn't isolated to one country, this is a global concern.

It started with news of the USA sanctioning the crypto mixer, which broke yesterday.  Guard your privacy, people.  If you are crypto user, you are a threat to them.

USA Sanctions Tornado.Cash: https://www.wsj.com/articles/tornado-cashs-sanctions-show-shift-in-crypto-regulatory-focus-11660336224
Dutch Police Arrest Developers: https://www.msn.com/en-us/news/world/dutch-cops-arrest-dev-behind-sanctioned-crypto-mixer-tornado-cash/ar-AA10B44f

Sorry for posting this in the bitcoin section.  Even though it's related to an altcoin mixer I think it's more broadly about all crypto currencies.  If I'm wrong, moderator please more where appropriate.