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Article #620325Re: Bitcoin confusion?
From: John Levine
Date: Sat, 10 Feb 2018 04:20
Date: Sat, 10 Feb 2018 04:20
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In article <1538232378.539879513.307...@news.eternal-september.org>, Peter Flass <peter...@yahoo.com> wrote: >As I understand it, bitcoin transactions are not trackable in the way that >currency transactions thru banks are. That is the big advantage in a lot of >cases. Every bitcoin transaction since the genesis block a decade ago is on the public Bitcoin ledger, so it's as least as accurate to say it's the most trackable form of payment every invented. The wallets are long random numbers which are nominally anonymous, but as soon as someone links you to a known party through a transaction, you're pwned. A lot of Silk Road customers learned that the hard way. It's certainly true that Bitcoin has been very popular to pay for illegal drugs, child pornography, weapons, and all sorts of stuff that's traditionally been paid for with envelopes of cash. Let's just say that opinions differ about how big an advantage that is. -- Regards, John Levine, jo...@iecc.com, Primary Perpetrator of "The Internet for Dummies", Please consider the environment before reading this e-mail. https://jl.ly
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X-Received: by 10.237.36.28 with SMTP id r28mr3644672qtc.7.1518236417990; Fri, 09 Feb 2018 20:20:17 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.200.16.15 with SMTP id z15ls5203304qti.10.gmail; Fri, 09 Feb 2018 20:20:17 -0800 (PST) X-Received: by 10.200.13.2 with SMTP id q2mr3908734qti.4.1518236417103; Fri, 09 Feb 2018 20:20:17 -0800 (PST) MIME-Version: 1.0 Path: mbox-mo1.pugleaf.net!h12ni588qte.0!nntp.google.com!peer01.iad!feed-me.highwinds-media.com!news.highwinds-media.com!border1.nntp.dca1.giganews.com!nntp.giganews.com!news.iecc.com!.POSTED.news.iecc.com!not-for-mail From: John Levine <jo...@taugh.com> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: Sat, 10 Feb 2018 04:20:16 -0000 (UTC) Organization: Taughannock Networks Message-ID: <p5lru0$1ajb$1@gal.iecc.com> References: <p5acdd$1gt3$2@gal.iecc.com> <p5gd9n$1dma$1@gal.iecc.com> <p5ibhd$s9d$1@dont-email.me> <1538232378.539879513.307552.peter_flass-yahoo.com@news.eternal-september.org> Injection-Date: Sat, 10 Feb 2018 04:20:16 -0000 (UTC) Injection-Info: gal.iecc.com; posting-host="news.iecc.com:2001:470:1f07:1126:0:676f:7373:6970"; logging-data="43627"; mail-complaints-to="ab...@iecc.com" Cleverness: some X-Newsreader: trn 4.0-test77 (Sep 1, 2010) Originator: jo...@iecc.com (John Levine) Bytes: 2031 Lines: 21 X-Received-Bytes: 2060 X-Received-Body-CRC: 3554902300 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit