Private Money!

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Dangerman
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Re: Private Money!

Post by Dangerman » 23 Mar 2018, 11:20

The real issue is that if you have the blockchain you can analyze exit transactions and de-anonymize the accounts.

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Fin Fang Foom
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Re: Private Money!

Post by Fin Fang Foom » 23 Mar 2018, 12:25

Dangerman wrote:
23 Mar 2018, 11:20
The real issue is that if you have the blockchain you can analyze exit transactions and de-anonymize the accounts.
Yeah, I heard that less sophisticated users have this problem, but evidently it is possible to maintain anonymity with a little foresight.

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Jadagul
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Re: Private Money!

Post by Jadagul » 23 Mar 2018, 14:49

Fin Fang Foom wrote:
23 Mar 2018, 12:25
Dangerman wrote:
23 Mar 2018, 11:20
The real issue is that if you have the blockchain you can analyze exit transactions and de-anonymize the accounts.
Yeah, I heard that less sophisticated users have this problem, but evidently it is possible to maintain anonymity with a little foresight.
You say that, but it also requires perfect execution. This is basically how they caught Ross Ulbricht, and he had a pretty reasonable amount of foresight.

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Warren
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Re: Private Money!

Post by Warren » 23 Mar 2018, 15:23

Jadagul wrote:
23 Mar 2018, 14:49
Fin Fang Foom wrote:
23 Mar 2018, 12:25
Dangerman wrote:
23 Mar 2018, 11:20
The real issue is that if you have the blockchain you can analyze exit transactions and de-anonymize the accounts.
Yeah, I heard that less sophisticated users have this problem, but evidently it is possible to maintain anonymity with a little foresight.
You say that, but it also requires perfect execution. This is basically how they caught Ross Ulbricht, and he had a pretty reasonable amount of foresight.
Not really. They caught Ross by tracing an account registered to him where he made an early pro BitCoin post on some message board. Also keep in mind they pretty much put all their brainiacs and computing power into finding him. If you're on the FBI's most wanted list, it's hard to cover your tracks. But for anything less than that, tumbled coins are anonymous.
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Jadagul
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Re: Private Money!

Post by Jadagul » 23 Mar 2018, 19:46

Warren wrote:
23 Mar 2018, 15:23
Jadagul wrote:
23 Mar 2018, 14:49
Fin Fang Foom wrote:
23 Mar 2018, 12:25
Dangerman wrote:
23 Mar 2018, 11:20
The real issue is that if you have the blockchain you can analyze exit transactions and de-anonymize the accounts.
Yeah, I heard that less sophisticated users have this problem, but evidently it is possible to maintain anonymity with a little foresight.
You say that, but it also requires perfect execution. This is basically how they caught Ross Ulbricht, and he had a pretty reasonable amount of foresight.
Not really. They caught Ross by tracing an account registered to him where he made an early pro BitCoin post on some message board. Also keep in mind they pretty much put all their brainiacs and computing power into finding him. If you're on the FBI's most wanted list, it's hard to cover your tracks. But for anything less than that, tumbled coins are anonymous.
I guess the question is how you scope the claim. It's possible to maintain "reasonable" anonymity with a little foresight. But then, it's possible to maintain a fair amount of anonymity with a credit card, as long as no one cares that much.

On the other hand, the evidence is that if the authorities really care, then no one is actually capable of being sufficiently careful that they never make a mistake and get caught. Ulbricht knew he was a target, he was very careful, but there was one slip-up and he got caught. You can say the same thing about Guccifer 2.0 apparently: he got caught because one time he failed to use his VPN properly.

The big issue is that blockchain stuff is intrinsically pseudonymous-not-anonymous. There's literally a publicly accessible database of all transactions. So in some ways it naturally lends itself towards less privacy, rather than more.

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Warren
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Re: Private Money!

Post by Warren » 23 Mar 2018, 20:17

Jadagul wrote:
23 Mar 2018, 19:46
I guess the question is how you scope the claim. It's possible to maintain "reasonable" anonymity with a little foresight. But then, it's possible to maintain a fair amount of anonymity with a credit card, as long as no one cares that much.
This doesn't merit an extended response
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D.A. Ridgely
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Re: Private Money!

Post by D.A. Ridgely » 27 Mar 2018, 13:17

I suspect whatever serious advantage crypto currencies may eventually have in terms of anonymity will be the result of vastly larger numbers of users.

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Mo
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Re: Private Money!

Post by Mo » 09 Apr 2018, 11:48

This is a good analysis of blockchain. The most interesting part is how many of the supposed "trust free" systems are built on a foundation of trust.

his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

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Andrew
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Re: Private Money!

Post by Andrew » 09 Apr 2018, 12:42

Kai Stinchcombe? I see the matrix's name generator is running low.
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Shem
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Re: Private Money!

Post by Shem » 09 Apr 2018, 15:01

That's an incredibly annoying link. I clicked five things before I managed to hit the link to the article.
Last edited by Shem on 09 Apr 2018, 15:01, edited 1 time in total.
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JasonL
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Re: Private Money!

Post by JasonL » 09 Apr 2018, 15:01

That’s an interesting piece. Recommended. Not sure of some particulars - like I think he’s underselling p2p ledgers that are theoretically auditable but do not have a centralized accountant in chief. That does get you something because of competitive ledger audit software.

I think the bits about existing systems of trust being more efficient are pretty good.

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Eric the .5b
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Re: Private Money!

Post by Eric the .5b » 09 Apr 2018, 15:37

Shem wrote:
09 Apr 2018, 15:01
That's an incredibly annoying link. I clicked five things before I managed to hit the link to the article.
Ugh, agreed. I hate terrible embeds or whatever they're calling that, now.

It's also huge.
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Eric the .5b
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Re: Private Money!

Post by Eric the .5b » 09 Apr 2018, 15:40

Testing it out, at least the server doesn't do that if you provide your own text for the link.
"Better that ten guilty persons escape than that one innocent suffer."
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Warren
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Re: Private Money!

Post by Warren » 09 Apr 2018, 17:34

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Mo
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Re: Private Money!

Post by Mo » 09 Apr 2018, 17:49

I am not watching a 30 minute video narrated by crypto Ben Stein.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Warren
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Re: Private Money!

Post by Warren » 09 Apr 2018, 20:33

Mo wrote:
09 Apr 2018, 17:49
I am not watching a 30 minute video narrated by crypto Ben Stein.
click the second link
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Jennifer
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Re: Private Money!

Post by Jennifer » 11 Apr 2018, 21:22

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Mo
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Re: Private Money!

Post by Mo » 07 Aug 2018, 04:52

This isn't at all a terrible idea that can backfire in any way. Oh also, the company doesn't seem to have their shit 100% together because they're a 2018 startup with $2M in funding.

http://money.cnn.com/2018/08/06/technol ... nia-voatz/

his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Highway
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Re: Private Money!

Post by Highway » 07 Aug 2018, 07:13

Isn't West Virginia in that band of Pro-Trump states where they think all of the illegal voting is happening anyway? Why would they want to allow something like this when they're paranoid about all the "wrong" people voting anyway?

Or is that group of states west and south of there, but not in WV?
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Mo
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Re: Private Money!

Post by Mo » 29 Aug 2018, 04:54

Two academics have been posting a blockchain in the NYT classifieds since 1995.

https://motherboard.vice.com/en_us/arti ... blockchain
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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nicole
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Re: Private Money!

Post by nicole » 29 Aug 2018, 07:25

Huh
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Warren
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Re: Private Money!

Post by Warren » 29 Aug 2018, 09:27

I never thought of that.
There's a lot of blockchain enthusiasm that misses the need for decentralization. That's usually achieved by having a large and diverse community verifying the hash. Which usually requires some sort of minable cryptocurrency to make it worth their while.
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JasonL
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Re: Private Money!

Post by JasonL » 15 Nov 2018, 15:11

Woo it getting hairy out there and primary movers in bitcoin cash be actin like babies.

https://ftalphaville.ft.com/2018/11/15/ ... llapsing-/

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Warren
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Re: Private Money!

Post by Warren » 15 Nov 2018, 16:22

JasonL wrote:
15 Nov 2018, 15:11
Woo it getting hairy out there and primary movers in bitcoin cash be actin like babies.

https://ftalphaville.ft.com/2018/11/15/ ... llapsing-/
I'm done with trying to counter the crypto hate.
This is the pull back I've been waiting for since July. Good buying opportunity.
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JasonL
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Re: Private Money!

Post by JasonL » 15 Nov 2018, 16:29

It not acting like a hedge asset class when people started fleeing equities.

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