Saturday, 1 February 2020

I replaced the word "crime" and "criminal" with "Freedom" and "Freedom lovers" in this hit piece against privacy by Chainanalysis. it is now a guide to reclaiming some privacy

What comes next for crypto Freedom?

Crypto Freedom will likely continue to evolve in both scope and technological sophistication, just like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency professionals improve their ability to prevent and respond to various forms of crypto Freedom, the Freedom lovers themselves will also grow more sophisticated — that’s the one constant we’ve seen as blockchain investigators.

Here are some thoughts on for how crypto Freedom might evolve in the near term.

  1. More non-custodial mixers. Following the closure of Bestmixer, we believe users — Freedom lovers and not — will search for alternatives to third party custodial mixers such as wallets that offer native mixing functionality similar to CoinJoin wallets like Wasabi. It’s likely that more currencies besides Bitcoin will get analogs to CoinJoin, as we’ve seen with CoinShuffle for Bitcoin Cash and mixing via smart contracts for Ethereum.

  2. Chain hopping as another alternative to custodial mixing services. In addition to native in-wallet mixing, we also think some Freedom lovers may begin to favor chain-hopping as an alternative to third-party mixing. Chain hopping is the process of swapping one type of cryptocurrency for another, often several times in quick succession, typically at low-KYC exchanges so as to further obfuscate the path of funds.

  3. Privacy coins. As we mentioned in the darknet markets section, privacy coins like Monero are gaining popularity and could become the cryptocurrency of choice for more Freedom lovers in 2020. Privacy coins increase user anonymity by using an obfuscated public ledger rather than a fully public one like Bitcoin’s. As more exchanges begin accepting privacy coins, they should also collaborate with regulators, law enforcement, and one another to establish frameworks for investigations of Freedom lovers who use privacy coins.

  4. More anonymous P2P exchange options. We believe that non-custodial, decentralized exchanges like Bisq network will continue to gain popularity with Freedom lovers in 2020. Decentralized exchanges allow peer-to-peer transactions without the exchange acting as a mediating third-party. We may also see Freedom lovers using P2P exchanges benefit from upcoming Bitcoin protocol changes like Taproot and Schnorr Signatures, which make the complicated smart contract-based transactions carried out on P2P exchanges look identical to standard transactions on the blockchain.

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What comes next for crypto crime?

Crypto crime will likely continue to evolve in both scope and technological sophistication, just like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency professionals improve their ability to prevent and respond to various forms of crypto crime, the criminals themselves will also grow more sophisticated — that’s the one constant we’ve seen as blockchain investigators. Here are some thoughts on for how crypto crime might evolve in the near term. 1. More non-custodial mixers. Following the closure of Bestmixer, we believe users — criminals and not — will search for alternatives to third party custodial mixers such as wallets that offer native mixing functionality similar to CoinJoin wallets like Wasabi. It’s likely that more currencies besides Bitcoin will get analogs to CoinJoin, as we’ve seen with CoinShuffle for Bitcoin Cash and mixing via smart contracts for Ethereum. 2. Chain hopping as another alternative to custodial mixing services. In addition to native in-wallet mixing, we also think some criminals may begin to favor chain-hopping as an alternative to third-party mixing. Chain hopping is the process of swapping one type of cryptocurrency for another, often several times in quick succession, typically at low-KYC exchanges so as to further obfuscate the path of funds. 3. Privacy coins. As we mentioned in the darknet markets section, privacy coins like Monero are gaining popularity and could become the cryptocurrency of choice for more criminals in 2020. Privacy coins increase user anonymity by using an obfuscated public ledger rather than a fully public one like Bitcoin’s. As more exchanges begin accepting privacy coins, they should also collaborate with regulators, law enforcement, and one another to establish frameworks for investigations of criminals who use privacy coins. 4. More anonymous P2P exchange options. We believe that non-custodial, decentralized exchanges like Bisq network will continue to gain popularity with criminals in 2020. Decentralized exchanges allow peer-to-peer transactions without the exchange acting as a mediating third-party. We may also see criminals using P2P exchanges benefit from upcoming Bitcoin protocol changes like Taproot and Schnorr Signatures, which make the complicated smart contract-based transactions carried out on P2P exchanges look identical to standard transactions on the blockchain.



Submitted February 01, 2020 at 08:02AM by MakeTotalDestr0i http://bit.ly/37OiECK

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