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Doing anything illegal with transactions on a public ledger strikes me as foolhardy.
by peteretep 6y ago
Doing anything illegal with transactions on a public ledger strikes me as foolhardy.
- uHuge 6y agoYou get the pseudonymity and open/easy access there on the other hand.
- peteretep 6y ago> pseudonymity I worry that many people are confused by this, and don’t understand that this will continue to get eroded as time goes on for completed transactions.
- shadowprofile77 6y agoCould you explain a bit more about what you mean by that? My interpretation is that even if you completed a bunch of BTC transactions in a way that allowed you to maintain anonymity, over time, new methodologies or technologies will allow future investigators to trace you as a real person through those old transactions. This? Or something else?
- hnthrower 6y agoThat's the just of it. Many of these public ledgers, like Bitcoin, form a massive transaction graph. Blockchain analytics tools and companies de-anonymize nodes in these graphs by matching real-world transactions to blockchain transactions.
- jlgaddis 6y ago> just gist (in case you've ever wondered why gist.github.com is so named)
- peteretep 6y agoYes that’s what I meant — my interpretation is the same as yours
- londons_explore 6y agoAnd if you use a mixer or complex wallet setup to try and hide your identity, you are highlighting yourself in the future when more advanced analysis methods start to get used.
- ravingraven 6y agoIt is much much smarter compared to any electronic alternative. It is actually the smartest way to do it if done correctly. Only people who do not understand crypto say stuff like that.