Post
Topic
Board Bitcoin Discussion
Re: Russian tool will make your transactions transparent
by
Bitcoin_bullish
on 18/08/2020, 17:31:12 UTC
According to Cointelegraph developers from Lebedev Physical Institute have successfully developed a prototype of new crypto analytics system called "Transparent Blockchain".

They claim this system effectively uses artificial intelligence to reduce anonymity of transactions in blockchains like Bitcoin, Ether, Omni, Dash and Monero.

In essense, the system enables blockchain analysts "to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets".

What do you think? Should we be worried?

Should we be worried about what?Do you have something to hide?

Online privacy is a delicate matter. It is not needed to have something to hide. Perhaps at some point, we will all have to. I will give you this example:

There are political dissidents in countries run by totalitarian regimes that hold authority higher than individuality. These dissidents can be identified if they falsely thought that the donations they received were totally anonymous and no one could ever trace the money to his name. Where do we draw the line that online privacy and anonymity are not needed because we are law-abiding citizens?
Belarus? China? North Korea perhaps?

A crackdown of certain parts of the dark markets that are disturbing requires tracing addresses? There are easier ways and more efficient.