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A 27-year-old busted the myth of Bitcoin's anonymity

arstechnica.com

21–30 of 32 posts

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#21

I don't get it, who thought it was ever anonymous? Bitcoin has a public ledger by design. It has never been anonymous, it is only pseudonymous.

"Crypto" sounds "cryptic", so lots of people think it's anonymous by virtue of accidental branding.

Most people don't realize bitcoin has any ledger, public or otherwise. They think of it like cash transactions, but with virtual money.

Basically people think Bitcoin is that which Monero actually is.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#22
post #8

Earlier quoted context omitted.

Good, you've leveled up. Now explain, why would someone include an adult's age in the title.

27 years old is the oldest you can be while still being part of Gen Z. This is an article showing that the latest generation to hit adulthood is performing social good.

But that answer isn't relevant to the content of the article. If the article was providing answer to the question if the latest generation are doing these things, then it would be helpful. At the moment, it appears odd to mention an adults age in the context of the material.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#23
What a preposterously stupid title and premise for an article. Nobody with a clue thought crypto was anonymous to begin with. It's a public ledger, it's a hyper transparent technology, it's almost the polar opposite of anonymous and untraceable.

If this article, more honestly said "a 27 year old developed a technique for tracing and de-anonymizing crypto" the article would make more sense.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#24

What a preposterously stupid title and premise for an article. Nobody with a clue thought crypto was anonymous to begin with. It's a public ledger, it's a hyper transparent technology, it's almost the polar opposite of anonymous and untraceable. If this article, more honestly said "a 27 year old developed a technique for tracing and de-anonymizing crypto" the article would make more sense.

It could be anonymous till you cash out

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#25
post #24

What a preposterously stupid title and premise for an article. Nobody with a clue thought crypto was anonymous to begin with. It's a public ledger, it's a hyper transparent technology, it's almost the polar opposite of anonymous and untraceable. If this article, more honestly said "a 27 year old developed a technique for tracing and de-anonymizing crypto" the article would make more sense.

It could be anonymous till you cash out

Your definition of cash out needs to include not ever paying for anything else even in btc.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#26

What a preposterously stupid title and premise for an article. Nobody with a clue thought crypto was anonymous to begin with. It's a public ledger, it's a hyper transparent technology, it's almost the polar opposite of anonymous and untraceable. If this article, more honestly said "a 27 year old developed a technique for tracing and de-anonymizing crypto" the article would make more sense.

Whether you consider them to have a clue or not, many (if not most) people believe crypto to be anonymous, likely due to its disproportionate popularity with criminals and cybercriminals. Ransomware always points to a Bitcoin wallet, not bank details.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#27
post #26

What a preposterously stupid title and premise for an article. Nobody with a clue thought crypto was anonymous to begin with. It's a public ledger, it's a hyper transparent technology, it's almost the polar opposite of anonymous and untraceable. If this article, more honestly said "a 27 year old developed a technique for tracing and de-anonymizing crypto" the article would make more sense.

Whether you consider them to have a clue or not, many (if not most) people believe crypto to be anonymous, likely due to its disproportionate popularity with criminals and cybercriminals. Ransomware always points to a Bitcoin wallet, not bank details.

[deleted]

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#28

I don't get why it's "A 27 year-old". How is that relevant? 27-year-olds should be at peak capability, if not productivity, especially in maths. If it said "A 9-year-old" that would be news-worthy, suggesting bitcoin anonymity was always a case of the emperors new clothes.

Because it's exceptional - most 27 year olds are not doing anything as impactful, if they've even figured out what to do at all.

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#29

I don't get it, who thought it was ever anonymous? Bitcoin has a public ledger by design. It has never been anonymous, it is only pseudonymous.

"Crypto" sounds "cryptic", so lots of people think it's anonymous by virtue of accidental branding. Most people don't realize bitcoin has any ledger, public or otherwise. They think of it like cash transactions, but with virtual money. Basically people think Bitcoin is that which Monero actually is.

I've seen many instances of Bitcoin called "anonymous digital currency." I'm pretty sure outside the HN bubble, a lot of people thought one of the aspects that drew people into BTC was the fact it was 'untraceable' and 'just a bunch of random addresses', not requiring you to have a bank account, postal address, etc...

Re: A 27-year-old busted the myth of Bitcoin's anonymity

#30

I don't get it, who thought it was ever anonymous? Bitcoin has a public ledger by design. It has never been anonymous, it is only pseudonymous.

Plenty of folks who used it and didn’t grow the difference between anonymity and pseudonymity.

Also note that the work mentioned in this article happened 10 years ago, when public knowledge and understanding of Bitcoin was very low.

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