“This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system.”
Anyone in the crypto space has known this for years.
Thats why privacy coins like Monero exist
You’re not wrong, but the first words are literally “Just over a decade ago”. It’s not a news article, it’s the story of the research in 2013 which revealed bitcoin isn’t anonymous.
An article in Wired doesn’t speak to the “crypto space”, they speak to your aunt and uncle in Missouri who don’t know about this.
This is the Technology sub on Lemmy, I cant imagine you believe im talking to people in Missouri
St. Louis has a decent tech scene, AT&T used to have their headquarters there. There’s still a large tech presence there, low cost of living drives tech companies to hire there since they can pay lower wages and no one in the area really cares since you can still get a two bedroom apartment for less than $1,000 a month.
I was being tongue in cheek, I dont disparage any particular state… except Arkansas
I mean I’m an absolute troglodyte when it comes to technology and I’m here too. Hi!
Or pay cash… ultimate “privacy coin”
true, but paying in cash is sort of difficult over the internet.
You can send it via mail, but mail is slow and it could potentially be traced back to you.
How does Monero work compared to the other big ones?
Every time there is a transaction the sender’s funds are mixed together with a bunch of other senders, and the recipients receive their money from this random pool, so there is no direct association between sender/receiver