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So apart from all the geopolitics of it this line is interesting "few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,
by gustavus 6mo ago
So apart from all the geopolitics of it this line is interesting
"few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,’ Hosseini added"
Maybe I'm ignorant of Bitcoin but isn't Bitcoin transactions recorded in a public cryptographically signed ledger? Isn't that literally the opposite of "can't be traced"?
- zulux 6mo agoAnd if you knew the manifests (quantity of oil) for the ship, just the value of the bitcount transaction could be used for tracking.
- mbreese 6mo agoOr, if you knew the bitcoin addresses, you could figure out exactly how much oil is being moved. I would think oil data analysts would love to have access to that data (if they don't already).
- Esophagus4 6mo agoIt’s like those podcasters that figure out who’s dating whom by looking through their Venmo. We just need to watch for large transactions with the Iranian flag and boat emojis…
- dragonelite 6mo agoThere a whole industry called on chain analysis that do this sort of work.