Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Then a grad student named Sarah Meiklejohn proved them all wrong—and set the stage for a decade-long crackdown.

“This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system.”

  • Lucidlethargy@sh.itjust.worksEnglish
    3·
    11 months ago

    And yet, crypto bros love pushing the false narrative that bitcoin is an untraceable currency of the future.

    In reality, anyone that’s looked into crypto in all its popular forms knows it’s just a ponzi scheme.