IRS will pay up to $625,000 bounty for Monero trace


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.

Guess what?
Turns out Cryptocurrency is a pretty secure and anonymous way to store wealth.
A little over a year later and they have made no progress.
Sure, if you use public exchange services or other dumb ****ery, you might be found.

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.

submitted by /u/Doshizle
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