this post was submitted on 02 Feb 2024
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...and, hear me out, that will be perfect for keeping messages untraceable by the government. Every single of those 200,000 computers will have full copies of all the messages ever transmitted, unencrypted, but they'll never be able to tell who wrote them and who they were for.
privacy or secrecy from the government isn't a goal of Bitcoin - the protocol doesn't even use encryption.
the goal is protection from (government or other) control
No one who understands bitcoin ever thought it was untraceable.
In the early days it was really common to place messages in the chain.
There are literal marriage proposals among these message.
I even considered the main benefit to be that it was super traceable.
I once tracked some stolen crypto trough multiple Wallets and exchanges to find the one wallet where those hackers where keeping all the spoils.
Granted the owners of a wallet aren't public and thats a form of anonymity but surely intelligence agencies can figure it out.
I'm still 90% convinced it was either invented by the CIA or the NSA for "reasons". The US military invented the dark web and they even claim to have invented it, so it's not a far stretch that another US gov. agency invented Bitcoin.
Probably invented as a way to more discreetly fund black sites...
Monero entered the chat.