Hamas just learned a brutal lesson about bitcoin. Can senators also learn it?

[Weird Tolkienish Figure]

https://thehill.com/opinion/finance/4273988-hamas-just-learned-a-brutal-lesson-about-bitcoin-can-senators-also-learn-it/

Hamas discovered all too late that making illegal transactions in bitcoin is a financial suicide mission. That’s because the open, transparent nature of the blockchain is a panopticon for intelligence agencies, allowing them to track transactions in real time with a speed and precision that would be unthinkable in the world of fiat currency.

Unlike paper money or computer files, the bitcoin blockchain is permanent, transparent and immutable. This means that each network transaction, whether it’s worth a few cents or millions of dollars, becomes fossilized on the blockchain like a prehistoric bug in digital amber.

These fossilized transactions include every donation to Hamas ever made through this medium. All law enforcement has to do is connect a transaction with a wallet and a wallet with an identity —a task which, in practice, it has had little difficulty doing.

Interesting.

[Wingnut]

Another example of why our Gov, like a creepy stalker, wants to dictate the use of digital currency.  To track
Every breath you take
And every move you make
Every bond you break
Every step you take

They'll be watching you

[Drago]

Hamas must not know how to use Bitcoin privately. Getting a new "core" Bitcoin wallet (via a VPN if really paranoid) gets you a new unique private encryption "key"...generate a new wallet address and use it ONLY ONCE to receive some BTC. Same for the "sender"...new wallet and only use each address once (generate a new address for each transaction). NO BTC purchases from a "KYC" exchange like "Coinbase" (& don't store any Bitcoin on an exchange...practice "self-custody"). If USD to Bitcoin is needed purchase at an anonymous marketplace like "HodlHodl", "Bisq" or "RoboSats", then "mix" that new Bitcoin at something like "CoinJoin" to "clean" the past path of the BTC you just got. With some thought/work/best practices BTC can be anonymous.