currency-fail

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  1. … my point in posting this is that it further underscores that mechanisms for digital anonymity, namely bitcoin and tor, have major shortcomings, and the centerpiece of their popularity, and confidence in the demand for bitcoin, is convenient illegal activity. That’s the reputation. On top of Tor’s track record of underwhelming efficacy, its government ties and on top of the very high volatility of bitcoin. A website goes down and a guy gets arrested, the value of a currency drops 20%. Court document suggests he was getting blackmailed by someone claiming to have his client list — so much for bitcoin anonymity being bullet proof.

    Tl;dr, don’t use tor or bitoin.

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