Re:Tracking Mixed Bitcoins
by peteretep on Thursday October 01, 2020 @07:37AM
(#24649750)
Doing anything illegal with transactions on a public ledger strikes me as foolhardy.
[ Parent
| on HN ]
You get the pseudonymity and open/easy access there on the other hand.
> pseudonymity
I worry that many people are confused by this, and don’t understand that this will continue to get eroded as time goes on for completed transactions.
Re:Tracking Mixed Bitcoins
by shadowprofile77 on Thursday October 01, 2020 @09:10AM
(#24650411)
Could you explain a bit more about what you mean by that? My interpretation is that even if you completed a bunch of BTC transactions in a way that allowed you to maintain anonymity, over time, new methodologies or technologies will allow future investigators to trace you as a real person through those old transactions. This? Or something else?
That's the just of it. Many of these public ledgers, like Bitcoin, form a massive transaction graph. Blockchain analytics tools and companies de-anonymize nodes in these graphs by matching real-world transactions to blockchain transactions.
> just
gist
(in case you've ever wondered why gist.github.com is so named)
Yes that’s what I meant — my interpretation is the same as yours
Re:Tracking Mixed Bitcoins
by londons_explore on Thursday October 01, 2020 @12:14PM
(#24652654)
And if you use a mixer or complex wallet setup to try and hide your identity, you are highlighting yourself in the future when more advanced analysis methods start to get used.
Re:Tracking Mixed Bitcoins
by ravingraven on Thursday October 01, 2020 @10:01AM
(#24650862)
It is much much smarter compared to any electronic alternative. It is actually the smartest way to do it if done correctly. Only people who do not understand crypto say stuff like that.