21 Jun '13, 11am

Online anonymity is holding back Bitcoin

Online anonymity is holding back Bitcoin

When Bitcoin users engage with one another online there is currently no way for them to verify the identity of the individual they are doing business with. Whilst this is the core attraction for many users, this needs to change if the currency is to achieve widespread acceptance. However, the anonymity that attracts many users is already being picked apart. Every Bitcoin transaction is actually publicly recorded on the network, meaning public metadata is freely available, while user pseudonyms are now verifiable. It is a start, but it isn't enough.

Full article: http://www.wired.co.uk/news/archive/2013-06/21/anonymity-...

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