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The thing is that wallet is digital. If I hand you an USB stick with the wallet, that doesn't mean I no longer have it. The USB could be a copy of it and I coul
by takeda 5y ago
The thing is that wallet is digital. If I hand you an USB stick with the wallet, that doesn't mean I no longer have it. The USB could be a copy of it and I could still withdraw the money. To be sure that doesn't happen the new owner would need to transfer money to another wallet. Unless there's a high trust that this won't be done.
- vmception 5y agoYes, crypto can operate in a temporarily trusted environment. What I was describing here wasn't that, I am referring to onchain transfers in trade for goods and services. (Part C could also be hand to hand trusted transfer of a wallet/private key) Chain analysis still assumes that its the same owner or related guilty beneficiary all the way to a centralized exchange.