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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 vinnymac on Wednesday April 14, 2021 @10:23AM (#26807462)
If the currency is acquired through mining, then it doesn't have to flow through an establishment that has a financial license. It can still be traced, but identifying the individual is much more difficult.
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by tim333 on Wednesday April 14, 2021 @11:12AM (#26808220)
And there are other ways to make things hard to trace. Buy for cash on localbitcoins. Go via a privacy coin. Go via a sketchy exchange.
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by freebuju on Wednesday April 14, 2021 @11:10AM (#26808196)
Miners still have to record the BTC they've added to the blockchain if am not mistaken.
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by throwaway1777 on Wednesday April 14, 2021 @11:42AM (#26808643)
The miner reward is sent to a bitcoin address. Anyone can create a bitcoin address without going through any 3rd party so it’s totally anonymous until you spend it.
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by freebuju on Wednesday April 14, 2021 @12:04PM (#26808986)
Okay. So basically useless. And not exactly anonymous since to use it in any way would ultimately defeat the purpose.
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by specialist on Wednesday April 14, 2021 @12:13PM (#26809137)
Is there a use case for unspent bitcoin?
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Re:Bitcoin is a ‘boon for surveillance’, says former CIA dir... by throwaway1777 on Wednesday April 14, 2021 @12:15PM (#26809164)
Is there a use case for unspent dollars?
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