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But that's just more data, you just JOIN another table - the exchanges have a list of transactions, left column BTC adress, right column litecoin adress. The d
by UweSchmidt 10y ago
But that's just more data, you just JOIN another table - the exchanges have a list of transactions, left column BTC adress, right column litecoin adress.
The difficult one-time work will be done when chasing terrorists. Everyone can be compelled to hand over data.
Crime is impossible.
- CyberDildonics 10y agoIf you sell btc for ltc on one site, split up the balances, then sell the ltc for btc on different sites, how exactly would someone piece that back together? The crypto currency exchanges would be transferring to and from their internal addresses. There would be no direct connection without knowing all the addresses the exchanges use, and they can (and should) use a different address for each transaction. > Crime is impossible. Lets not get carried away
- UweSchmidt 10y agoThe "sites" keep track of the transactions. This information could leak or law enforcement could successfully request this information. High level analysis could find btc-altcoin transactions that "fit" together, maybe with later transaction when the person will eventually cash out, and use other data thats not obvious to us right now. A difficult problem, but one that is straightforward, fashionable (big data), profitable (lots of money at stake), and potentially something that law enforcement/intelligence agencies work on. We tend to underestimate future capabilities ;)