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> That sounds like a kind of "everybody is a criminal unless proved otherwise" argument? How about arguing, bitcoin makes simple privacy the default? You don't
by ardy42 6y ago
> That sounds like a kind of "everybody is a criminal unless proved otherwise" argument? How about arguing, bitcoin makes simple privacy the default? You don't have to be a drug dealer, to want to keep everybody else's nose out of your business.
IIRC, Bitcoin doesn't make privacy the default. It's easy to trace transaction on its blockchain, hence the need for mixers if you want to obscure the origin of some cryptocurrency.
- JoeAltmaier 6y agoBut does that identify anybody? I'm a noob here; does every bitcoin ID come with a user identifying record?
- hombre_fatal 6y agoNo, taint analysis is done backwards from points of transaction (Coinbase, retailers, etc) and the US government clearly does a lot of it. If you run a Bitcoin casino, the DOJ will email you asking for info about a given Bitcoin address/txn from time to time, for example, as they track the exchange of hands.