Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by Tenoke on Wednesday April 14, 2021 @05:34AM
(#26804801)
How is a guy with a laptop and internet know that the start/end address at e.g. an exchange is connected to me specifically? Sure, they can trace all the transactions of an address but you need more than that to connect the address to a specific person.
Of course, Monero is a better option but even with BTC it's not as trivial as you claim.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by monokh on Wednesday April 14, 2021 @05:50AM
(#26804906)
It doesn't by itself, but it's a much better start. You can simply match up addresses with activity from other digital systems. That link is present in a global, transparent, up to the minute, cheap to ingest data source (the blockchain).
Comparing that to any other payment system (or combination of) where there is due process in collecting this information (hopefully accurate and valid) you're going to have a much easier time developing tools to detect and alert with Bitcoin.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by jjk166 on Wednesday April 14, 2021 @10:17AM
(#26807375)
So you need is a financial institution to give you unrestricted access to their records. And it can't be just any financial institution, it has to be the one used by the person you are targeting. And you don't know what financial institution that is because you are still trying to identify who the address belongs to. So really all you need is unrestricted access to many financial institutions' records.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by tgv on Wednesday April 14, 2021 @05:51AM
(#26804908)
If it were easy to trace, the identity of Satoshi Nakamoto would be known, wouldn't it?
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by nr2x on Wednesday April 14, 2021 @06:47AM
(#26805294)
Once “he” moves his coins, it very well may be.
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir...
by diplodocusaur on Wednesday April 14, 2021 @09:21AM
(#26806678)
wouldn't that be more reason for nation states to track monero?
Please... Bitcoin transactions can be traced by whoever has a laptop and internet. If you want to stay anonymous, there is nothing worse than Bitcoin. Do yourself a favour and switch to Monero and similar which offer some level of privacy. But there is nothing better than the good old bank notes. Anyway, please educate yourself https://en.wikipedia.org/wiki/Bitcoin