Post
Topic
Board India
Re: Is this possible in India?
by
amishmanish
on 20/04/2018, 04:13:09 UTC
Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement

News link here

Just saw this at r/bitcoin. I don't know exactly if this is good/bad for the crypto community. But I guess, if the data is sold or given only to law enforcement that should be a great reason for Govt. to stop worrying about how 'BTC would be used for illegal purposes'.

The patent application reads:
Quote
The raw transaction data may have little meaning to a customer unless the customer has a way to correlate various elements of the stream with other useful data

How is this not a form of surveillance of data? And looks like they have been awarded the patent too...

They are narrowing down the search domain for consumers making crypto payments. This would allow them to make better sense of who is buying what. The kind of thing that amazon already does for their "suggested for you" sections.
The burden to maintain anonymity while making such transactions (by removing any direct references and using VPN for IP) will be on the consumer.