18 Oct '12, 10pm

Peer review of "Quantitative Analysis of the Full Bitcoin Transaction Graph"

Adi Shamir claims to have understanding of Bitcoin network, yet downloads and parses HTML files instead of a raw structured and ready to use blockchain.Jeff Garzik makes two very important comments. First, that the blockchain is not a website and is very easy to tinker with as it is. Second, that many "rich" bitcoin owners might very well be web wallet servers that do not really "own" bitcoins, but simply store other's money in their vault (like in old days banks were storing gold). Calling this "peer review" is less funny than being a security expert and parsing HTML to get the blockchain.

Full article: http://news.ycombinator.com/item?id=4671319

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