bitcoin sv This is why buying drugs with bitcoin is a really bad idea

This is why buying drugs with bitcoin is a really bad idea.
Operational security (OpSec) is only as effective as the idiot behind the keyboard. Strong passwords are meaningless when left on Post-it notes; encryption is ineffective when you don’t keep your laptop locked while unattended; and even the strongest deadbolt on the planet can’t protect a door left open.

With cryptocurrency, this presents a problem.

Many early adopters believed Bitcoin provided a wall of privacy when conducting illicit transactions. It’s partially true. Cryptocurrency transactions are, generally, more difficult to track than online fiat currency movement. But bitcoin was never meant to be anonymous; each transaction is recorded and permanently stored for all to see. And while the ledger entries don’t reveal the parties involved, the users themselves often do.

A recently published study by Qatar University and Hamad Bin Khalifa University revealed just how easy it is to unmask the users behind these transactions. Qatar University researcher Husam Al Jawaheri told Wired’s Andy Greenberg:

bitcoin sv This is why buying drugs with bitcoin is a really bad idea
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Science & Technology	Upload TimePublished on 26 Jan 2018

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