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So if they know the same person has 4 wallets with X amount of money, do they know who it is? Wasn’t that like…the pride of bitcoin for a while? That it was anonymous?
n/w there are also tricks people use. Suppose we wanted to buy something as a surprise and keep it secret, we could each buy the thing the other wanted.
There are services that do that programmatically, that shuffle the currency randomly.
That can make it hard to trace what number is buying what from whom.
You have to know who has the coins and who sends the coins otherwise it isn’t useful as money. As it was made by nerds the obscurity came from the assumption people would never see each other face to face a face and use them as money or something.
Which is a reasonable assumption by the coder types that would have been assumed to be using the coins
So if they know the same person has 4 wallets with X amount of money, do they know who it is? Wasn’t that like…the pride of bitcoin for a while? That it was anonymous?
Bitcoin can be tracked if you use it normally, but there are bitcoin laundering schemes that shuffle them up between several wallets.
The lore i heard was that it was considered anonymous until a college student cracked it or something
The ledger is open to everyone, that’s how it’s able to work as a decentralised currency.
but it’s just a list of numbers and amounts of coin they held at moment in time basically (or rather the transactions to construct that list).
You need to correlate those numbers with humans.
Thank you for the explanation
n/w there are also tricks people use. Suppose we wanted to buy something as a surprise and keep it secret, we could each buy the thing the other wanted.
There are services that do that programmatically, that shuffle the currency randomly.
That can make it hard to trace what number is buying what from whom.
You have to know who has the coins and who sends the coins otherwise it isn’t useful as money. As it was made by nerds the obscurity came from the assumption people would never see each other face to face a face and use them as money or something.
Which is a reasonable assumption by the coder types that would have been assumed to be using the coins