Post
Topic
Board Bitcoin Discussion
Re: Amazon fills patent to track Bitcoin users
by
redhondaxrm125
on 20/04/2018, 13:34:45 UTC
Looks like Jeff Bezos wants to get involved in Bitcoin... the wrong way:

Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement

Quote
One example is a data stream that publishes or includes global bitcoin transactions (or any crypto currency transaction). These transactions are completely visible to each participant in the network. 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. For example, a group of electronic or internet retailers who accept bitcoin transactions may have a shipping address that may correlate with the bitcoin address. The electronic retailers may combine the shipping address with the bitcoin transaction data to create correlated data and republish the combined data as a combined data stream. A group of telecommunications providers may subscribe downstream to the combined data stream and be able to correlate the IP (Internet Protocol) addresses of the transactions to countries of origin. Government agencies may be able to subscribe downstream and correlate tax transaction data to help identify transaction participants.


Amazon wants to get his nose into the coins of the users, so you can already see how things will work if Amazon ever accepts Bitcoin, they will attempt to track everything and sell your information, just like Facebook.


LOL. Amazon can kiss my ass and eat their products for all I care. Seriously?! Do they even think that there would be anyone dumb enough to be using bitcoins or any other altcoins in their online shop with those kinds of conditions? They must be clearly out of their minds! Here's a middle finger for you amazon bastards. We don't need your services and would not want it even with a 90% off deal. Crypto people ain't that stupid to fall for your puny efforts to take advantage of us.