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.”

  • @Snapz@lemmy.worldEnglish
    17•10 months ago

    An article in Wired doesn’t speak to the “crypto space”, they speak to your aunt and uncle in Missouri who don’t know about this.

      • @Crack0n7uesday@lemmy.worldEnglish
        4•10 months ago

        St. Louis has a decent tech scene, AT&T used to have their headquarters there. There’s still a large tech presence there, low cost of living drives tech companies to hire there since they can pay lower wages and no one in the area really cares since you can still get a two bedroom apartment for less than $1,000 a month.