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Started By
Message
Let's play a game called Bitcoin Forensics
Posted on 3/22/13 at 8:46 am
Posted on 3/22/13 at 8:46 am
The object of the game is to determine if an address from transaction C belongs to the same person from transaction A.
OK, let's get started!
Transaction A: Notice it contains 6 sending addresses and two output address.
The first determination you must make is: which output address was the intended recipient?
OK, let's get started!
Transaction A: Notice it contains 6 sending addresses and two output address.
The first determination you must make is: which output address was the intended recipient?
9
Posted on 3/22/13 at 8:58 am to WikiTiger
Posted on 3/22/13 at 8:58 am to WikiTiger
quote:
The object of the game is to determine if an address from transaction C belongs to the same person from transaction A.
OK, let's get started!
Transaction A: Notice it contains 6 sending addresses and two output address.
The first determination you must make is: which output address was the intended recipient?
I don't question the fact that bitcoin users are anonymous.
My question is how will bitcoin survive if the US goes after the exchanges under the guise of AML regulations?
Under the new FinCEN guidance these bitcoin exchanges would have to identify their customers and maintain records of transactions.
Posted on 3/22/13 at 9:00 am to WikiTiger
it's impossible to know....because your link doesn't work
<now it does....sneaky>
<now it does....sneaky>
This post was edited on 3/22/13 at 9:01 am
Posted on 3/22/13 at 9:04 am to eng08
quote:
Is this good press or bad press for bitcoin?
Much ado about nothing. Most exchanges, even foreign exchanges, were already following those laws.
Posted on 3/22/13 at 9:10 am to WikiTiger
So most Bitcoin exchanges have been following all of the regs listed here?
BSA Requirements for MSB's
I find that hard to believe.
BSA Requirements for MSB's
I find that hard to believe.
Posted on 3/22/13 at 9:13 am to MStant1
quote:
So most Bitcoin exchanges have been following all of the regs listed here?
I don't know about all of those, but definitely most of them, like ID requirements, KYC crap, etc. MtGox is based in Japan and for a US customer to get an account there, they have to go through many many legal hoops, and it's been that way for a while.
Now, can we proceed with the point of this thread? Or is it going to get hijacked?
This post was edited on 3/22/13 at 9:14 am
Posted on 3/22/13 at 9:18 am to MStant1
quote:No.
So most Bitcoin exchanges have been following all of the regs listed here?
Posted on 3/22/13 at 9:23 am to WikiTiger
quote:
I don't know about all of those, but definitely most of them, like ID requirements, KYC crap, etc. MtGox is based in Japan and for a US customer to get an account there, they have to go through many many legal hoops, and it's been that way for a while.
So how does that work given the anonymity of Bitcoin? The whole point of a KYC program is to essentially destroy anonymous transactions.
quote:
Now, can we proceed with the point of this thread? Or is it going to get hijacked?
Doesn't my question fit within the topic at hand? The point of your thread was to prove how anonymous Bitcoin is, and how it would be impossible to trace users -- wasn't it?
This post was edited on 3/22/13 at 9:25 am
Posted on 3/22/13 at 9:24 am to WikiTiger
quote:What is the point of this thread? Is the point that currently bitcoin users can execute transactions that are very difficult to be traced back to them?
Now, can we proceed with the point of this thread?
If so, who is arguing against that point? No one on this board that I've seen.
quote:It is not hijacking the thread to point out that current virtual currency ID requirements will become irrelevant as new regs are developed on any virtual currency exchange.
Or is it going to get hijacked?
The exchanges will be held responsible for being able to identify their customers and if they can't or won't, they will be penalized.
Let's play a game called $100 bill forensics:
Who has used the $100 bill below to buy something?
If you can't identify who has ever used this $100 bill then it proves no anti-money laundering laws can be enforced!
This post was edited on 3/22/13 at 9:35 am
Posted on 3/22/13 at 9:32 am to WikiTiger
I'll send the link to the FBI for them to get started on.
Posted on 3/22/13 at 9:33 am to MStant1
quote:
So how does that work given the anonymity of Bitcoin? The whole point of a KYC program is to essentially destroy anonymous transactions.
It only removes anonymity at that point in the system. And like I said, this has pretty much been the case for a while with the major exchanges.
After that, anonymity can be easily regained by performing a few simple transactions within the bitcoin network.
Posted on 3/22/13 at 9:34 am to TigerDeBaiter
quote:
I'll send the link to the FBI for them to get started on.
jesus man, does nobody want to play this game?
I asked a simple question (which output address was the intended recipient) and no one will even wager a guess? come on, man.
Posted on 3/22/13 at 9:40 am to WikiTiger
quote:Completely irrelevant when it comes to enforcing AML regulations. See my $100 bill forensics game above.....
After that, anonymity can be easily regained by performing a few simple transactions within the bitcoin network.
Posted on 3/22/13 at 9:43 am to WikiTiger
quote:Are we "harassing" you if we think your 'game' is stupid....as well as irrelevant?
jesus man, does nobody want to play this game?
Besides, you don't believe in Jesus....
Posted on 3/22/13 at 9:50 am to WikiTiger
Can you solve differential equations?
Probably not, and neither can I, but there are experts that can. I don't see the point of the question.
Probably not, and neither can I, but there are experts that can. I don't see the point of the question.
Posted on 3/22/13 at 9:54 am to LSURussian
I only know how to trace twenties.
Posted on 3/22/13 at 9:58 am to TigerDeBaiter
quote:
I don't see the point of the question.
It's an exercise to point out some features in the bitcoin system. If you participate, you will learn. But unfortunately, most of you don't actually have an interest in learning how bitcoin works.
quote:
"There is a principle which is a bar against all information, which is proof against all arguments, and which cannot fail to keep a man in everlasting ignorance—that principle is contempt prior to investigation."
Posted on 3/22/13 at 10:02 am to WikiTiger
quote:
Let's play a game
Hell yeah, I love some games... What do you got??
quote:
Bitcoin Forensics
Posted on 3/22/13 at 10:04 am to WikiTiger
If we answer correctly will you give out a bitcoin?
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