259

How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity (www.wired.com)

submitted 5 months ago by kalkulat@lemmy.world to c/technology@lemmy.world

89 comments fedilink hide all child comments

"This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system."

you are viewing a single comment's thread
view the rest of the comments

[-] prole@sh.itjust.works 3 points 5 months ago* (last edited 5 months ago)

Unless I'm mistaken, you still can't unless you are using an on/off-ramp with AML/KYC. You can track it back to a wallet, but until the person interacts with an entity that requires identification in order to buy/sell the crypto for actual useful currency, they're unidentifiable. I guess you'd prob want to use a VPN as well.

At this point, the only real way to avoid that would be peer-to-peer transactions. Basically meeting someone in person and trading your crypto for physical cash.

this post was submitted on 19 Jan 2024

259 points (85.3% liked)

Technology

55647 readers

3641 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS