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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by matthewdgreen on Tuesday June 30, 2020 @10:27AM (#23690351)
We're having a discussion on HN about a specific person moving a specific amount of money around. That by itself is basically the opposite of privacy.
Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by Jtsummers on Tuesday June 30, 2020 @11:02AM (#23690751)
Ansil849 already said this, but when talking about things like this there are actually multiple related, sometimes orthogonal, factors:

Anonymity - the quality of the user being unknown

Privacy - the quality of the user's actions being unobserved

Authenticity- the quality of the user's actions being certainly the user's

Bitcoin provides pseudonymous transactions, which may approach anonymity if the user is careful. It does not provide true privacy as all transactions are public. But the purpose of the transactions is not communicated, though may be inferred if the parties are identified. If I transfer $20 in BTC to a pizza joint, you can guess that I bought a pizza, but it's just a (well-founded) guess. It provides a high degree of authenticity in that it is a hard problem (in the mathematical sense, unless your keys have been obtained by an adversary) to fake a transaction.

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by matthewdgreen on Tuesday June 30, 2020 @11:38AM (#23691133)
Yes, I have a PhD in cryptography and designed two of the first privacy-preserving extensions to Bitcoin. Bitcoin provides pseudonymity. If no other information can be inferred about a transaction from other sources, users may be able to protect their privacy. In practice this is extremely challenging, and the information leakage this post is discussing is highly unnecessary, and a weakness of Bitcoin.
Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by Ansil849 on Tuesday June 30, 2020 @10:39AM (#23690476)
Anonymity ≠ privacy

We're having a discussion about an unknown account - which may or may not be an individual person - moving specific amounts of money around anonymously, not privately.

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by matthewdgreen on Tuesday June 30, 2020 @10:59AM (#23690710)
You're describing pseudonymity, not anonymity. We know that a specific user has moved money under a pseudonym. If they do other things with that money, we'll learn more. These are very different concepts.

https://en.wikipedia.org/wiki/Pseudonymity

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by Cthulhu_ on Tuesday June 30, 2020 @10:49AM (#23690582)
We don't know the person though; we know a wallet address. Similar to a bank account number; it's just a number.

I get what you mean, the transaction is public, but that's the point of bitcoin / cryptocurrencies.

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by matthewdgreen on Tuesday June 30, 2020 @11:01AM (#23690732)
Publishing the value and timing of specific transactions isn't actually the point of Bitcoin and specific cryptocurrencies, nor is it necessary to preserve the total amount of the currency. Satoshi specifically called the privacy issues in Bitcoin out as a weakness to be improved upon, and several projects inside and outside of Bitcoin have been doing this.