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One of the features of SR was that the money was laundered on entrance and exit to silk road. So you could not tell whose money went to who (despite the bitcoin
by tlarkworthy 13y ago
One of the features of SR was that the money was laundered on entrance and exit to silk road. So you could not tell whose money went to who (despite the bitcoin ledger being public). This proposal is missing that critical feature.
- pogue 13y agoHow was that done?* *Hypothetically asking
- saraid216 13y agoUpthread there's a link to an Ars Technica article [1], which has this line: > He even ran a program called a "tumbler" to route incoming Bitcoin payments through a complicated series of dummy transactions, so as to make them infeasible to trace through the public Bitcoin blockchain. [1] http://arstechnica.com/tech-policy/2013/10/how-the-feds-took-down-the-dread-pirate-roberts/ http://arstechnica.com/tech-policy/2013/10/how-the-feds-took...
- tlarkworthy 13y agoyes this is the tech
- seanalltogether 13y agoI think what he's saying that because all money went into one account and out of one account, from the outside you couldn't tell who was sending money to who. It means I can pose as both the buyer and the seller, let silk road take a cut, and turn a big block of known bitcoins into small chunks of unknown bitcoins
- orblivion 13y agoWait for zerocoin then.