Bitcoin: Is It a Law Enforcement Honeypot Meant to Lure Criminals?

#Internet

Thu, Oct 17th, 2013 21:00 by capnasty NEWS

On the Easy Questions Are Boring blog, a look at one strange fact behind BitCoin: with all the revelations made about government spying on its internet citizens, why are there no mentions of the digital currency anywhere in the documents released by Edward Snowden?

2) The author(s) created, maintained and then apparently retired a pseudonym (Satoshi Nakamoto) while staying completely anonymous on the Internet.

As an achievement this is almost as impressive as Bitcoin itself, albeit of a different nature.

Using the Internet anonymously is much harder than one would think. Things like Tor are vital of course, but beyond that there is the practice of operational security to a very high standard. One slip-up is enough to junk the whole identity, e.g. logging on to a pseudononymous account from an insecure location, or even sending a cookie obtained via Tor 'in the clear', is enough.

As a real-world example, the assassination of Rafic Hariri in Lebanon was pinned on Hezbollah because one of their agents made a single phone call to his girlfriend with his dedicated operational phone instead of his personal mobile.

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