Thursday, April 19, 2018

Amazon Filed Patent to De-Anonymize Bitcoin Transactions

Dark City Crypto reports that in 2014, Amazon applied for a patent that would help de-anonymize cryptocurrency transactions. They would then sell that information to law enforcement and government agencies. Although Bitcoin was never meant to be totally private, the patent looks to remove almost all levels of anonymity from cryptocurrency transactions if possible.

The patent explains a “streaming digital marketplace” where data points form different sources are used to pinpoint users identities.

The idea that cryptocurrencies are some kind of move away from authoritarianism is absurd. They are the most trackable currency.

-Robert Wenzel  

1 comment:

  1. I still say that the jury is still out on the question of trackability for some current (and future) cryptos. Bitcoin is by its nature transparent. Some others are not, specifically to prevent tying together multiple transactions by a participant. One or more of these could supplant bitcoin in popularity. Bitcoin was first. First rarely wins in the long run in the tech world.