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Author Topic: Two newbie questions about anonymity and pump and dumps  (Read 895 times)
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February 14, 2017, 06:04:57 PM
 #21

1. Bitcoin is referred to a quasi-anonymous, in that transactions to specific addresses are stored and can thus be tracked. Why doesn’t this provide a means to find out something about who/what is behind big pump and dumps?
I can assure you that exchange operators are perfectly aware who is the big whale and who is behind the flow of coins.

Will it help you when you will know who owns the coins? What will you do if you know that 'Jon Snow' is selling 882 BTC?

You can still see the see sell/buy orders just without names behind it.

This. You can track bitcoin via the blockchain only to the point where the coins go into the exchanges. The exchanges trade off-blockchain, and they are the only ones who know who are making the trades.

Never knew that. I guess they all figure out I was about to dumb thousands of my altcoin when i send them to the only exchange that listed the coin. After sending the coins I have, few minutes later, people are already dumping before I can ever sold mine. Do you think this is the reason why some team only want their coin listed on one exchange? 

I wonder what wavesplatform can learn from us.

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February 14, 2017, 06:37:15 PM
 #22

Yes the owners of the exchange could possibly get some info by looking at the address a large amount of coins are coming to/ from.
But they really don't have any inventive to expose this information, since they are making their money off the fees associated with these accounts,
and all the others that are trying to make some money on the pump.

In fact, I wouldn't be surprised if the operators of a few exchanges were in league with the pump groups, or actually running them.

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