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The following scenario is unlikely with my regular banking account: A ransomware victim accidentally transfers 10 million dollars in Bitcoin to my account and

The following scenario is unlikely with my regular banking account: A ransomware victim accidentally transfers 10 million dollars in Bitcoin to my account and the next day the ransomware actors show up armed and dangerous to my house demanding that I transfer it to their bank account

valarauko 4y ago
How would the ransomware actors know the home address of a random Bitcoin wallet?
- NullPrefix 4y ago
  It's easier to link a regular bank account with a home address
- labrador 4y ago
  My policy is to never assume I am anonymous on the internet because I am not a security expert. From what I read, most people can be found. I'm basing this on the clever way they found Dread Pirate Roberts. https://www.fbi.gov/contact-us/field-offices/newyork/news/press-releases/ross-ulbricht-aka-dread-pirate-roberts-sentenced-in-manhattan-federal-court-to-life-in-prison https://www.fbi.gov/contact-us/field-offices/newyork/news/pr...
  - valarauko 4y ago
    AFAIK, he wasn't found on the basis of his home address being figured out from his Bitcoin wallet. Could a determined state level actor hell-bent on tracking you down accomplish it, based just on a BTC wallet address? Dubious, but never say never. Could anybody short of a three letter agency do it? I don't think so.
yieldcrv 4y ago
can you elaborate on why you think that is possible with Bitcoin?
- labrador 4y ago
  I'm assuming the following from what I've read so far: - if I have a Bitcoin wallet address I can drop 10 million dollars into it - I can do this without permission - I can have the wrong Bitcoin wallet address
  - valarauko 4y ago
    It's a highly unlikely scenario, especially since the namespace for all possible BTC wallets is ridiculously huge, and only the very tiniest of addresses have been used. Besides, the scenario you've raised is much more likely to happen with traditional bank accounts, and which are explicitly linked to your home address.
  - yieldcrv 4y ago
    and you're assuming quite a few other things too, can you elaborate on the following part about someone showing up at your house? and can you elaborate on the part about ransomware hackers? it reads like you put half a decade's worth of clickbait headlines and comments together and haven't used bitcoin at all, but since its 2022 that doesnt make much sense in a technology forum so I thought I would check

valarauko 4y ago

How would the ransomware actors know the home address of a random Bitcoin wallet?

NullPrefix 4y ago
It's easier to link a regular bank account with a home address
labrador 4y ago
My policy is to never assume I am anonymous on the internet because I am not a security expert. From what I read, most people can be found. I'm basing this on the clever way they found Dread Pirate Roberts. https://www.fbi.gov/contact-us/field-offices/newyork/news/press-releases/ross-ulbricht-aka-dread-pirate-roberts-sentenced-in-manhattan-federal-court-to-life-in-prison https://www.fbi.gov/contact-us/field-offices/newyork/news/pr...
- valarauko 4y ago
  AFAIK, he wasn't found on the basis of his home address being figured out from his Bitcoin wallet. Could a determined state level actor hell-bent on tracking you down accomplish it, based just on a BTC wallet address? Dubious, but never say never. Could anybody short of a three letter agency do it? I don't think so.

yieldcrv 4y ago

can you elaborate on why you think that is possible with Bitcoin?

labrador 4y ago
I'm assuming the following from what I've read so far: - if I have a Bitcoin wallet address I can drop 10 million dollars into it - I can do this without permission - I can have the wrong Bitcoin wallet address
- valarauko 4y ago
  It's a highly unlikely scenario, especially since the namespace for all possible BTC wallets is ridiculously huge, and only the very tiniest of addresses have been used. Besides, the scenario you've raised is much more likely to happen with traditional bank accounts, and which are explicitly linked to your home address.
- yieldcrv 4y ago
  and you're assuming quite a few other things too, can you elaborate on the following part about someone showing up at your house? and can you elaborate on the part about ransomware hackers? it reads like you put half a decade's worth of clickbait headlines and comments together and haven't used bitcoin at all, but since its 2022 that doesnt make much sense in a technology forum so I thought I would check