this post was submitted on 19 Jan 2024
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Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable.

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[–] [email protected] 25 points 11 months ago

Bitcoin is, fundamentally, a publicly accessible ledger of every transaction ever made with the currency. It's basically the most anti-anonymous way to run a currency imaginable.

People have just been hedging their bets on authorities not knowing how it works, which is increasingly not the case.

[–] [email protected] 24 points 1 year ago (1 children)

Is the age shocking because young for "societal accomplishments" or old for "tech genius"?

[–] Rognaut 16 points 1 year ago

Right? I think I'm missing the significance of the person's age.

[–] [email protected] 6 points 11 months ago (2 children)

I don't think anyone ever assuming Bitcoin was untraceable.

[–] [email protected] 4 points 11 months ago

Reading the article I think it's obvious to us now, but the paper was posted 11 years ago and people definitely thought they were anonymous then!

[–] [email protected] 1 points 11 months ago

All transactions are in fact intentionally public.

[–] [email protected] 4 points 11 months ago

This is why Monero exists.