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The NSA Worked to "Track Down" Bitcoin Users, Snowden Documents Reveal

posted by Fnord666 on Tuesday March 27 2018, @08:41AM   Printer-friendly
from the just-cause-you're-paranoid... dept.

Jack Torrance writes:

The NSA Worked to "Track Down" Bitcoin Users, Snowden Documents Reveal

Internet paranoiacs drawn to Bitcoin have long indulged fantasies of American spies subverting the booming, controversial digital currency. Increasingly popular among get-rich-quick speculators, Bitcoin started out as a high-minded project to make financial transactions public and mathematically verifiable - while also offering discretion. Governments, with a vested interest in controlling how money moves, would, some of Bitcoin's fierce advocates believed, naturally try and thwart the coming techno-libertarian financial order.

It turns out the conspiracy theorists were onto something.

Archived: https://archive.fo/z5zzo

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  • (Score: 2) by Fnord666 on Tuesday March 27 2018, @04:12PM

    by Fnord666 (652) on Tuesday March 27 2018, @04:12PM (#659028) Homepage

    > How fast can I create wallets and transfer currency between them?

    Totally and utterly irrelevant.

    The transactions are in the ledger, they've got all the time in the world to trawl through that and taint more and more wallets.

    That and the transactions aren't real until they become part of the blockchain. No miner is going to include a shitload of $0.10US transactions with no mining fees included in their blocks. When "they" do track you down they'll add money laundering to any other charges they have for you.

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