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Hiya, sorry for a little bit of a late response! I think there are a couple fundamental misunderstandings here regarding cash. Answering this question may fix
by capeterson 5y ago
Hiya, sorry for a little bit of a late response!
I think there are a couple fundamental misunderstandings here regarding cash. Answering this question may fix that a little bit:
> I’d be hard pressed to acquire Bitcoin in a way that didn’t associate the wallet with my identity (if you have methods, please share!)
If one purchases BTC on Coinbase, trades it for XMR, and then trades the XMR for BTC back to a separate BTC wallet, it is currently unfeasible to determine that the final BTC is linked to the initial BTC. Also, cash is not completely private- bills have serial numbers that are tracked in a similar way as to how one might track Bitcoin (unless you're dealing solely in coins). BTC and XMR are both able to be cashed out fairly easily as well. They could be legally sold, given that they're functionally untraceable. You can also fairly easily coordinate cash overnighted to a PO box set up with a fake identity.
Re: Private ledger cryptocurrencies
With Monero (for example), the sender, receiver, and transaction amount are all private. The quality of Monero's privacy is up for debate, but I see no reason why explicitly tracked cash bills are more secure than a private ledger cryptocurrency.
In conclusion, within the initial context of, "When I’m doing crime, I strongly prefer there to be no record of the transaction", I don't believe that there is an opsec-based reason for you to choose cash over cryptocurrencies. There is always going to be a risk when committing crimes- that is unavoidable. Maybe this is a big point for dealing in gold, haha?