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re: Why bitcoin is worse than a Madoff-style Ponzi scheme

Posted on 12/23/21 at 7:02 am to
Posted by Big_Sur
Member since Nov 2012
1126 posts
Posted on 12/23/21 at 7:02 am to
Your mushroom transaction is recorded forever on the Blockchain. The opposite of anonymous.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 12/23/21 at 7:13 am to
quote:

Your mushroom transaction is recorded forever on the Blockchain. The opposite of anonymous.



technically it's pseudonymous because what is recorded on the blockchain is that a transaction occurred with a wallet address. One has to be able to link that wallet address to a person for it to be completely transparent. Of course if you ever make contact with a KYC exchange, this is trivial without using a tumbler.
Posted by BottomlandBrew
Member since Aug 2010
27238 posts
Posted on 12/23/21 at 7:29 am to
I don't care. If someone wants to go back through the transaction history and track me down for an ounce of mushrooms from almost 10 years ago, be my guest.
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