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A comment on The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market. Parent comment

Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by tCfD on Friday December 08, 2017 @10:04AM (#15879070)
Committed ideological Bitcoin supporters commonly believe in a network effect race condition spiral they call 'hyperbitcoinization' which models a world where a sort of event horizon in market adoption had been crossed, and everyone on Earth is forced to use bitcoin either directly or indirectly.

In this techno-feudalist scenario, being one of the Bitcoin 1% or even 10% means the world is at your feet, and if you've maintained good opsec, nobody may even know how much of their lives are your property.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by burger_moon on Friday December 08, 2017 @10:15AM (#15879163)
Reminds me of this satire post from reddit (4yrs old). https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_time...
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by varjag on Friday December 08, 2017 @10:56AM (#15879542)
It correctly predicted BTC at $10k in 2017. So much for satire!
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by qbrass on Friday December 08, 2017 @02:15PM (#15881126)
It also incorrectly predicted it from 2013-2017.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by FLUX-YOU on Friday December 08, 2017 @10:20AM (#15879208)
>and if you've maintained good opsec

Don't exchanges verify identity? Wouldn't you be committing fraud by maintaining good opsec?

Point being is that someone may eventually leak an exchange database with those details. Then the word's out. Kind of like Equifax.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by tCfD on Friday December 08, 2017 @10:28AM (#15879299)
If you subscribe to the Bitcoin in-universe dogma that views committing fraud and extortion as something that central banks and governments do, not what free market actors entering into voluntary contractual agreements with one another (which are regulated by math and logic spelled out in open source code) do, then maintaining good opsec is not just good business but a moral imperative.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by vidarh on Friday December 08, 2017 @10:52AM (#15879513)
Lets say you never maintain much in the exchange, and always tumble coins before moving them in/out.

It would certainly be possible to prove identity when transferring BTC in/out of an exchange, but make it exceedingly hard to prove that they ultimately make it to/from wallets you control.

But of course possible does not mean it is likely.

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