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Bitcoin Is Not Anonymous
An anonymous reader writes "Researchers from University College Dublin have conducted an analysis of anonymity on Bitcoin, and found it is not inherently anonymous, and that in many cases, users and their transactions can be identified. They use techniques such as context discovery and flow analysis to investigate and visualize an alleged theft of Bitcoins, which, at the time of the theft, had a market value of approximately half a million U.S. dollars."
Bitcoin in the new Twitter. No matter how many times you post about it, there's still only a dozen people who care.
In order to analyse whetehr Slashdot is overly preoccupied with Bitcoin, I have conducted a rigorous scientific analysis. My methodology relies on the key fact that Google knows everything. To draw on the wisdom of Google, I typed slashdot into my Google search bar. The results are revealing:
Google suggests (in this order):
slashdot
slashdot rss
slashdotted
slashdot wiki
slashdot bitcoin
Phrases such as "slashdot linux", "slashdot news" and "slashdot " did not appear.
I'm still working on the conclusions.
That energy is actually put to a good use - it provides security for the block chain against double-spending attacks, by making them computationally infeasible. And it gives pretty good value for the money: as far as costs go for a payment-processing network, it's damned cheap compared to what Visa or Paypal charges.
Yes, early adopters come out well. That's true in any venture. But at the end of the day, that doesn't mean it won't be useful as a payment processing network. The amount that early adopters will get out of this utterly pales in comparison to what the big financial corporations are raping you for.
If you think THIS is a scam, read up more on fractional-reserve banking. The debt-driven US dollar is the biggest ponzi scheme ever.
I generate my bitcoins on a rack of servers powered by Solar panels and enslaved squirrels on treadmills you insensitive clod!
Do not look at laser with remaining good eye.
This is exactly how all pyramid schemes work.
Bitcoin might as well be called amway-coin.
Do not look at laser with remaining good eye.
The debt-driven US dollar is the biggest ponzi scheme ever.
It's not a ponzi scheme if EVERYBODY plays.