Summary
Elon Musk claims his Department of Government Efficiency (DOGE) is shutting down payments to federal contractors, including a Lutheran charity, asserting it is eliminating corruption.
This suggests DOGE has access to Treasury’s payment systems, though officials have not confirmed the extent.
Senator Ron Wyden warned that DOGE may interfere with Social Security, Medicare, and government contracts.
Musk also called USAID “a criminal organization” that should “die,” amid DOGE’s growing influence over federal financial operations.
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That’s a long conversation. Please allow me to share a YouTube video that gets to the crux of the issue first. And I can share technical docs afterwards.
However you are 100% correct. Bitcoin is anything but anonymous. XMR/Monero is and has always been fully cryptographic, with the minor issue that if someone controls a node you connect your wallet to, there is metadata that will out you.
I don’t agree with everything this guy says about politics or social issues but he’s correct on netsec issues.
https://m.youtube.com/watch?v=QrHsFZBab4U
https://m.youtube.com/watch?v=nDBHhz00vjI
As far as anonymizing your bitcoin you’ll need to do your own research. But here’s how not to do it.
https://m.youtube.com/watch?v=7CD_Nl3iwhE
If you’re gonna do that research do it on an updated tails distro as the previous release was compromised.
https://tails.net/install/index.en.html
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Don’t spend more than 20 bucks to figure out how it all works if you want to tinker. It is not a safe store of wealth. The best usecase is for anonymous and secure transactions.
horse_battery_staple has a more comprehensive comment than this one:
Yeah bitcoin is public, but anonymous (until the very first time you interact with some account in your name). Monero, in short, is like bitcoin but with washing is built into every transaction. It’s far, far from perfect (like all current crypto-currencies), but is a meaningful improvement over Bitcoin (it also supports higher transactions/second).
In my opinion, Bitcoin and Monero are the only crypto-currencies worth engaging with at this time. I haven’t looked into Etherium or Solana, mostly because the idea of ‘decentralized apps running on the chain’ seems like beyond ludicrous scope creep for the problem of ‘minimal trust currency’. The one thing they do right is the Proof of Stake transaction confirmation algorithm, which is much more energy (and CO2) efficient than Proof of Work as used by Bitcoin and Monero.