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Author Topic: [2014-05-01] Tom's Guide: Dark Wallet May Make Bitcoin Even Harder to Trace  (Read 1690 times)
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May 01, 2014, 07:13:13 AM
 #1

http://www.tomsguide.com/us/dark-wallet-bitcoin,news-18715.html

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The digital cryptocurrency Bitcoin already has a lot of built-in security and privacy features. But thanks to a Bitcoin storage app called Dark Wallet scheduled to be released tomorrow (May 1), Bitcoin may become even more difficult to trace. Dark Wallet's creators have said they created the software to help criminals disguise their activities online.



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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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May 01, 2014, 05:16:27 PM
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I guess fixing the fungibility issues with Bitcoin makes criminals of us all.

Taint all the coins and everyone will have tainted coins.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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May 01, 2014, 05:28:58 PM
 #3

I guess fixing the fungibility issues with Bitcoin makes criminals of us all.

Taint all the coins and everyone will have tainted coins.
And since you can not replace mined bitcoins , evrybody will be tainted and thats a good thing.
its the same with paper money were 96% has traces of cocaine.
 

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May 01, 2014, 05:42:03 PM
 #4

I guess fixing the fungibility issues with Bitcoin makes criminals of us all.

Taint all the coins and everyone will have tainted coins.
And since you can not replace mined bitcoins , evrybody will be tainted and thats a good thing.
its the same with paper money were 96% has traces of cocaine.
 
I always thought it was 95.6% of all paper money has traces of cocaine.  Thanks for correcting that statistic for me.  Wink

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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