Saturday, November 23, 2013

About That $150 Million Bitcoin Transaction

It appears to be just internal shuffling of Bitcoin. In the stock market world, it might be considered "painting the tape."

What is most fascinating, however, is how an outsider with no access to government monitoring equipment was able to understand so much about the transaction. So much for Bitcoin anonymity.

WaPo's Timothy Lee reports on what Sarah Meiklejohn, a computer scientist at the University of California, San Diego, was able to learn about the transaction, just by examining the blogchain activity, here.

1 comment:

  1. The BTC address was identified as belonging to an exchange due to the many transactions to that address identified as exchange-related transactions. Why couldn't all exchanges create a new address for each transfer in? I believe one of the first things I read about BTC was the necessity to create a new address for each transaction if you do't want statistical analysis to reveal a lot about your transactions and,probably, your identity.