Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Then a grad student named Sarah Meiklejohn proved them all wrong—and set the stage for a decade-long crackdown.

“This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system.”

  • proleEnglish
    231·
    10 months ago

    Monero is fucking genius actually, I recommend reading about the cryptography and mathematics behind it, it’s actually incredible.

    Basically, they’ve created a way to make the entire thing opaque. Even the people sending the coin are unable to identify the person they’re sending to.

    I don’t hold any Monero, because I don’t see it as a good investment (no way governemnts allow something that powerfully opaque to thrive), but I respect the technology.

    • tourist@lemmy.worldEnglish
      9·
      10 months ago

      I recommend reading about the cryptography and mathematics behind it

      Could most people understand it if they took the time or did the white paper require several niche latex packages to compile