News for hackers. Stuff that matters.

A comment on Bitcoin is a ‘boon for surveillance’, says former CIA director. Parent comment

Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by spottybanana on Wednesday April 14, 2021 @05:23AM (#26804745)
Or the owner might just have died or might be in prison. I'm pretty sure that the reason for not moving those coins is because BTC is radioactive. It might be partly a reason, but surely not the only reason. If you really needed the money you could try several methods to launder them.
[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by smeej on Wednesday April 14, 2021 @07:01AM (#26805389)
You could try, but miners aren't going to include a transaction from that address in a block, especially not to some sort of mixing service.

It takes something pretty extreme to get the consensus of enough miners to matter, but the hack of Mt. Gox was that extreme.

[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by FDSGSG on Wednesday April 14, 2021 @07:21AM (#26805539)
This is not true.
[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by smeej on Wednesday April 14, 2021 @11:09AM (#26808178)
We'll probably never find out, but there are plenty of blacklisted addresses miners won't touch. Ignorance of this is revealing.
[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by mxd3 on Thursday April 15, 2021 @01:52AM (#26816576)
What miners are blacklisting addresses? $623m in hacked Bitfinex funds were moved today without issue.[1]

[1] https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-...

[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by ric2b on Sunday April 18, 2021 @06:58PM (#26857328)
Transactions are broadcasted well before they are included in a block, so we'd know immediately if it happened.
[ Parent | on HN ]
Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by FDSGSG on Friday April 16, 2021 @05:47AM (#26831759)
I am deeply familiar with these systems. Maybe there are miners out there doing this, but it's not widespread enough to have any impact.
[ Parent | on HN ]