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Bitcoin and identity

2014-11-27 15:41:09.205621+00 by Dan Lyke 3 comments

Bitcoin, virtual money: User's identity can be revealed much easier than thought.

In their new study, researchers at the Laboratory of Algorithmics, Cryptology and Security of the University of Luxembourg have shown that Bitcoin does not protect user's IP address and that it can be linked to the user's transactions in real-time. To find this out, a hacker would need only a few computers and about €1500 per month for server and traffic costs. Moreover, the popular anonymization network "Tor" can do little to guarantee Bitcoin user's anonymity, since it can be blocked easily.

[ related topics: broadband Invention and Design Currency Education ]

comments in ascending chronological order (reverse):

#Comment Re: Bitcoin and identity made: 2014-11-28 19:22:23.664032+00 by: meuon

Use a private VPN service with multiple exit nodes. I've had good results with GoldFrog when I've needed to use a VPN with exit points in other countries.

#Comment Re: Bitcoin and identity made: 2014-11-28 20:40:55.074277+00 by: dexev

The wave of the future...anonomity can be had, at a price.

#Comment Re: Bitcoin and identity made: 2014-11-29 17:40:26.617932+00 by: meuon

Or unplug..