So, you thought Bitcoin was untraceable...

[L&LD]

And you when using TOR, VPNs, etc., etc., etc...

How a 27-year-old busted the myth of Bitcoin’s anonymity

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

arstechnica.com

If you're online, you're in the spotlight.

 

[follower]

This isn't new. Coin tracking is already in the real world.
Investigative agencies around the world are using following systems now. It works great.
Chainalysis Reactor(All Assets): This can track over 130 Coins.
Chainalysis Reactor(Top Assets): This can track top 10 Coins.
Pricing: $70000 to $100000/one year.

Crypto Investigations Solution - Chainalysis

Reactor and Storyline are now part of the Chainalysis Crypto Investigations solution. Create a transparent crypto ecosystem to foster a safe and secure digital economy.

www.chainalysis.com

 

[L&LD]

No, it's not new. This is a story of how Bitcoin's 'anonymous' claims were busted over a decade ago.

And it doesn't just track the top 10 coins... they're all traceable.

 

[sfx2000]

No, it's not new. This is a story of how Bitcoin's 'anonymous' claims were busted over a decade ago.

It was never "anonymous" - the whole purpose of crypto coins was the distributed ledger in the blockchain...

All the hype was major money players getting into the game and hyping it up - much like what we see now with generative AI like ChatGPT and the like.

 

[L&LD]

No, it never was. But that is how it was marketed. The story spells that out.

 

[jerry6]

everything is traceable in the end to think otherwise is foolish

 

[shabbs]

Like Shakira's hips... the blockchain don't lie...

Protect your privacy - Bitcoin

bitcoin.org

 

[coxhaus]

everything is traceable in the end to think otherwise is foolish

I know, everybody thinks they are hiding. The internet would not work if it was not traceable. VPN comes to mind, the internet part is completely traceable. The data content is encrypted but completely traceable.

 

[sfx2000]

If you don't have anything to hide...

There have been a lot of folks busted using tech that supposedly provided "privacy" - kiddy porn, money laundering, drugs, etc...

The very tech that supposedly provides that security stands out when Law Enforcement gets an interest...

Everything from VPN's to TOR to Bitcoins...

 

[Benbrode]

I mean, if you don't want to be traced, don't do anything online or even open a computer

 

[L&LD]

That doesn't work anymore. A cave, one from which you never emerge from, is what is needed today.

 

[jerry6]

I mean, if you don't want to be traced, don't do anything online or even open a computer

no , you drive , take a bus ? enter a store walk down a city street , you are in the system , do you think they built these high speed networks so yo can tell your wife to pick up some milk at the store ? No it is to monitor as many people as possible . they even get heat signals from your cave , can't hide