The 19K XMR/57 btc wall at 302 is still there.
Oh wait, as I write this 12K XMR/ 37K BTC of it was just bought in one bite plus what was below it
Topic: [XMR] Monero Speculation - page 1223. (Read 3314316 times)
We just briefly hit 300 and the # of coins on the sell side is 266K. I haven't seen it below 300K in a very long time.
The 19K XMR/57 btc wall at 302 is still there.
Oh wait, as I write this 12K XMR/ 37K BTC of it was just bought in one bite plus what was below it
The 19K XMR/57 btc wall at 302 is still there.
Oh wait, as I write this 12K XMR/ 37K BTC of it was just bought in one bite plus what was below it
so does the btc hacker now move into xmr?
Meaning poloniex?No, meaning the hacker now goes btc -> monero -> btc to launder his coins. This could affect xmr's price.
I mean, it did seem like the hackers did it the last time we had a substantial hack.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
I would lay odds that TLAs have all the ingress/egress data for plx right now. It's just a question of whether they want sources & methods hang-out, which strictly depends on the size of the prize. Laundering through plx, or any centralized exchange (or "supernode") is double plus un- clever. Exchanges are for exchange, and do not have holy water.
In retrospect perhaps it would be very difficult to "wash" such a stash with XMR. Maybe over time it could be done but if there is any form of chain analysis going on at the exchange level it could be very problematic for the theif.
Definitely not clever.
so does the btc hacker now move into xmr?
Meaning poloniex?No, meaning the hacker now goes btc -> monero -> btc to launder his coins. This could affect xmr's price.
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
Don't Shapeshift and XMR.TO have smallish transaction limits? It would be impractical to get 100K BTC through those channels, I would think.
Doesn't Polo allow small exchange accounts to be created with certain daily limits?
Perhaps the hacker could open several hundred accounts with random email addresses while attempting to remain anonymous. Move a small portion of the 100k to each account and exchange for XMR or whatever and withdraw..and repeat with the next account...eventually the could convert a good portion if they wanted to.
The problem would be is if Polo is watching stolen addresses of BTC and doing chainanalysis of these thefts.
...
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
The already do. The issue with money laundering on such a large scale is not whether the governments can prevent it, they can. It is can they effectively punish a bank that engages in money laundering without destabilizing the whole debt based fiat banking system?
Quote
The US government decided not to pursue criminal charges against HSBC for allowing terrorists and drug dealers to launder millions of dollars after George Osborne and the UK banking regulator intervened to warn that prosecuting Britain’s biggest bank could lead to a “global financial disaster”.
https://www.theguardian.com/business/2016/jul/11/hsbc-us-money-laundering-george-osborne-report With crypto currency such a Monero this could work since punishing a rouge player would not destabilize the rest of the financial system since it would not be debt based. Edit: MTGox did not kill Bitcoin neither will BitFinex.
The more important question I was referring to is has Poloniex put into place (or shapeshift etc) triggers to disallow conversion of "stolen" BTC to XMR?
You make a good point that keeping the status quo for larger institutions engaging in money laundering is in the best interest of TPTB. Smaller banks/businesses would not benefit from such an action as they would not shake the power structure to its knees if they were to close down.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
I would lay odds that TLAs have all the ingress/egress data for plx right now. It's just a question of whether they want sources & methods hang-out, which strictly depends on the size of the prize. Laundering through plx, or any centralized exchange (or "supernode") is double plus un- clever. Exchanges are for exchange, and do not have holy water.
...
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
The already do. The issue with money laundering on such a large scale is not whether the governments can prevent it, they can. It is can they effectively punish a bank that engages in money laundering without destabilizing the whole debt based fiat banking system?
Quote
The US government decided not to pursue criminal charges against HSBC for allowing terrorists and drug dealers to launder millions of dollars after George Osborne and the UK banking regulator intervened to warn that prosecuting Britain’s biggest bank could lead to a “global financial disaster”.
https://www.theguardian.com/business/2016/jul/11/hsbc-us-money-laundering-george-osborne-report With crypto currency such a Monero this could work since punishing a rouge player would not destabilize the rest of the financial system since it would not be debt based. Edit: MTGox did not kill Bitcoin neither will BitFinex.
so does the btc hacker now move into xmr?
Meaning poloniex?No, meaning the hacker now goes btc -> monero -> btc to launder his coins. This could affect xmr's price.
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
Don't Shapeshift and XMR.TO have smallish transaction limits? It would be impractical to get 100K BTC through those channels, I would think.
so does the btc hacker now move into xmr?
Meaning poloniex?No, meaning the hacker now goes btc -> monero -> btc to launder his coins. This could affect xmr's price.
This will have future implications of existing exchanges should this happen.
I can see Govt's getting involved to "regulate" say Poloniex to try to stop this from happening.
Problem is that there are other services that exist to facilitate this method of washing coins, and if those ever got shut down there would be some other avenue to do so.
It's a matter of time before the usage of monero in that manner is taken advantage of.
Right now monero is not really on the radar, at least not yet.
Edit: If polo or an exchange tracking the hacked coins decided to block those coins from being deposited and converted to say XMR, those implications would be interesting to see unfold. I would expect a hacker to deposit in different places utilizing shapeshift.io and xmr.to.
I reckon that it would be difficult to block all avenues to "wash" coins from a hack in this manner. But then again it is something to watch for in the future given the technology that XMR has let out of the genie bottle.
but this all remains to be seen.
Goofy to sell XMR here, IMO.
BTC should turn down again in about an hour. The drops are far from over.
BTC should turn down again in about an hour. The drops are far from over.
damn sKippy!
Goofy to sell XMR here, IMO.
BTC should turn down again in about an hour. The drops are far from over.
BTC should turn down again in about an hour. The drops are far from over.
so does the btc hacker now move into xmr?
Meaning poloniex?No, meaning the hacker now goes btc -> monero -> btc to launder his coins. This could affect xmr's price.
a long time ago BTC going down meant sadness, now its just more XMR 
Good bump from yesterday.
https://moneropric.es/
I considered reacquiring but I still think my floor prediction is still correct. Tough being right all the time and not having the ability to capitalize.
Relevant comment from the ANN thread:
Talking about commits, this one caught my eye: https://github.com/monero-project/bitmonero/commit/ebf97d76f0020eb027175818ebbdafd6d578aa77
finally the view-key functionally is optimal.
Quote
wallet: new {ex,im}port_key_images commands and RPC calls
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
finally the view-key functionally is optimal.
Excellent. I could've sworn that they said it wasn't possible. Nothing wrong with promising less and accomplishing more, though.
This new functionality is in line with what was previously stated on the subject. Nice that it's functional now!
Wow, sure glad I moved 90% of my then BTC balance off of Bitfinex last Friday. Another Mt.Gox situation would have made me a sad camper indeed. Friends don't let friends use exchanges as wallets.
Good thing you are your own friend
so does the btc hacker now move into xmr?
Meaning poloniex?
so does the btc hacker now move into xmr?
Relevant comment from the ANN thread:
Talking about commits, this one caught my eye: https://github.com/monero-project/bitmonero/commit/ebf97d76f0020eb027175818ebbdafd6d578aa77
finally the view-key functionally is optimal.
Quote
wallet: new {ex,im}port_key_images commands and RPC calls
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
finally the view-key functionally is optimal.
Excellent. I could've sworn that they said it wasn't possible. Nothing wrong with promising less and accomplishing more, though.
Equilibrium.
Friends don't let friends use exchanges as wallets.
Sage advice.
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