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10 Jun 2013

More on Liberty Reserve and Bitcoin Money

Bill Cole had some interesting comments on my Liberty Reserve post which are worth following up.

He noted that although all of the bitcoin transactions are in the public log, the wallets aren't, so if you sell someone your wallet, that's an anonymous transaction. While that's quite true, it also breaks one of the fundamental points of bitcoin which is that users don't have to trust each other.

See more ...


posted at: 23:56 :: permanent link to this entry :: 0 comments
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