Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable.

Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable.

  • doggle@lemmy.dbzer0.comEnglish
    29·
    10 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.

  • BossDj@lemm.eeEnglish
    28·
    10 months ago

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

  • Possibly linuxEnglish
    101·
    10 months ago

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

    • smeg@feddit.ukEnglish
      5·
      10 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!