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It's mind boggling to me that this wasn't done a year or two ago. If bitcoin were genuinely anonymous (it isn't, because it's highly linkable, even if essentia
by rdl 12y ago
It's mind boggling to me that this wasn't done a year or two ago.
If bitcoin were genuinely anonymous (it isn't, because it's highly linkable, even if essentially pseudonymous), it would probably be vastly more dangerous in this way -- there would be billions of dollars spent on exploiting security outside bitcoin++ to steal bitcoin++.
- runeks 12y ago> It's mind boggling to me that this wasn't done a year or two ago. Two years ago, obtaining the same amount of bitcoins as this attack did would net you 1/100th the profit in dollars (bitcoins were around $6 a piece two years ago). I think it's likely that attackers started considering this scheme around a year ago, when the bitcoin price shot up to $100, and the potential rewards became sizable.