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Bitcoin is perfect for mass surveillance and privacy invasion. It's as if all transactions, of any size, can be perpetually tracked, with a courtroom-ready dig
by dannyw 6y ago
Bitcoin is perfect for mass surveillance and privacy invasion.
It's as if all transactions, of any size, can be perpetually tracked, with a courtroom-ready digital signature reducing evidence doubt about who made a transaction.
- betterunix2 6y agoAlso, unlike traditional banks, there is absolutely nothing preventing someone from reviewing that transaction record. No need to ask a judge for permission, no need to ask the bank to reveal records, no need to let anyone -- anyone -- know what you are up to.
- porknubbins 6y agoI believe it takes relatively sophisticated analysis (ie the kind of real world snooping that state actors do) to tie someone to a particular address without them publishing it. Just because there is this huge theoretical vulnerability doesn’t mean most blockchain transactions aren’t secret from even smaller states.