12-02-2021, 04:50 AM
IRS will pay up to $625,000 bounty for Monero trace
<!-- SC_OFF --><div class="md"><p>The United States Internal Revenue Service announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy just over a year ago. </p> <p>Guess what?<br/> Turns out Cryptocurrency is a pretty secure and anonymous way to store wealth.<br/> A little over a year later and they have made no progress.<br/> Sure, if you use public exchange services or other dumb ****ery, you might be found. </p> <p>Monero has an incredibly secure blockchain, much like bitcoin, and a “hack” of the network is essentially impossible. Not only are the developers top-notch paranoid lads with white-hat hackers helping them ensure the security of the network by Monero also runs off a PoW model that would require hundreds of millions — no billions to even attempt at taking over — and ultimately even if this occurred it wouldn’t functionally put anyone at risk.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Doshizle"> /u/Doshizle </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6p04r/irs_will_pay_up_to_625000_bounty_for_monero_trace/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6p04r/irs_will_pay_up_to_625000_bounty_for_monero_trace/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The United States Internal Revenue Service announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy just over a year ago. </p> <p>Guess what?<br/> Turns out Cryptocurrency is a pretty secure and anonymous way to store wealth.<br/> A little over a year later and they have made no progress.<br/> Sure, if you use public exchange services or other dumb ****ery, you might be found. </p> <p>Monero has an incredibly secure blockchain, much like bitcoin, and a “hack” of the network is essentially impossible. Not only are the developers top-notch paranoid lads with white-hat hackers helping them ensure the security of the network by Monero also runs off a PoW model that would require hundreds of millions — no billions to even attempt at taking over — and ultimately even if this occurred it wouldn’t functionally put anyone at risk.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Doshizle"> /u/Doshizle </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6p04r/irs_will_pay_up_to_625000_bounty_for_monero_trace/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6p04r/irs_will_pay_up_to_625000_bounty_for_monero_trace/">[comments]</a></span>Kind Regards R