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I was not expecting Tea-Party-Guy to have anything good to say, but his analysis of Bitcoin is both brutally honest and accurate. At some point in time - a poi
by jellicle 14y ago
I was not expecting Tea-Party-Guy to have anything good to say, but his analysis of Bitcoin is both brutally honest and accurate.
At some point in time - a point in time which is probably in the past - the government is going to lock a cryptographer and a forensic accountant in a room together and tell them to develop a tool to unroll bitcoin networks. They will (have) done so. The tool will, given a couple of known transactions, create a graph of every activity ever that is in any way related to those transactions. Each known transaction or account added in will fill in the graph further. A handy printout will correlate all the intersections between graph 1 and graph 2 for any two individuals the government wants to link together.
"Says here on November 3rd you sent another $7,500 to the opium dealer from Hong Kong. What were you buying?" "On the advice of my lawyer, I refuse to answer."
The first people the federal government decides to take down who have used bitcoin in their financial shenanigans are going to be facing 1000-count indictments and 500-year prison terms.
- jstalin 14y agoIf you have a PC with a constant bitcoin address installed on it, yes. But if you're using a brain wallet with a livecd OS, for instance, it seems unlikely that it could be traced.
- psionski 14y agoSomething like http://blockchain.info/tree/65591581 http://blockchain.info/tree/65591581 ?
- jellicle 14y agoThe point is to make it intelligible to the average district attorney, and to take arbitrary transactions and wallets and link them together into a web/timeline that, again, is intelligible to the criminal prosecution apparatus.