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submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/[email protected]

The group responsible is "Collective Shout", the same org has targeted Steam before.

There are calls on social media now to contact Mastercard, Visa and co. and file complaints.

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[-] [email protected] 1 points 1 day ago* (last edited 1 day ago)

Nearly every cryptocurrency (aside from like Monero), is a literal open, transparent ledger that anyone can (and do) view and analyze.

It's not anonymous at all.

[-] [email protected] 1 points 1 day ago

Look, when you use some platform with KYC, they indeed can tie that id information you give them to your internal addresses you use on the same platform. But the moment you send it to your external wallet that link is lost. They can see the transaction but they don't know and can't check if that destination address belongs to you, or it's a person who sold you something, or it's your friend/relative, or someone you donated to, etc.

[-] [email protected] 2 points 1 day ago* (last edited 1 day ago)

This is naive and incorrect. There is a reason why darknet markets these days only deal in Monero, for the most part.

I'm not saying it's trivial, but there are literally corporations dedicated to analyzing block chains for law enforcement. It's an entire industry.

[-] [email protected] 2 points 1 day ago

yes, even without KYC, one opsec fail and they can get quite a info on you, things like usage patterns and eventually potentially a profile, upon which will probablycreate a "credit score" of sorts and probably sell advertising data too because why not!?

[-] [email protected] 1 points 1 day ago

Okay, how exactly will this allow to ban selling legal porn games via blockchain? Because this is what is happening with payment processors.

[-] [email protected] 1 points 1 day ago

Then explain how exactly is this incorrect. If you buy and smuggle weapons for example, feds do undercover operation and pretend to sell guns, they set their own wallet, they track transactions, they co-operate with exchanges and have access to KYC data, they see you sent from exchange to wallet X, and then wallet X payed for weapons to their undercover wallet Y. What they achieve here is: they just see there is some chance that wallet X also belongs to you and maybe it's you who are buying those weapons, but they can't use this as proof of anything, what they can do is start spying on you from other vectors: your regular bank accounts, your social media, or even IRL to check if they can find any real evidence. That's basically all. This is not at all a concern for people who don't run international multibillion crime syndicates, etc. And also this all is extremely irrelevant to original topic. Because those games aren't even illegal, it's basically just a fkin preference of payment processors to demand Steam and Itch to take them down. If Steam operated in crypto, no amount of transaction tracking would make it possible to enforce something like this, because this is not law enforcement to begin with, it's not illegal games and they are not taken down due to any legal concerns.

this post was submitted on 24 Jul 2025
742 points (100.0% liked)

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