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Here’s who probably did that $150 million Bitcoin transaction

167 pointsby rkudeshiover 11 years ago

10 comments

rheideover 11 years ago
I wonder if it ever becomes viable to try to brute-force the private key of such a valuable address, rather than devoting the brute force power to mining.<p>Edit: got curious and found an answer: <a href="http://bitcoin.stackexchange.com/questions/2847/how-long-would-it-take-a-large-computer-to-crack-a-private-key" rel="nofollow">http:&#x2F;&#x2F;bitcoin.stackexchange.com&#x2F;questions&#x2F;2847&#x2F;how-long-wou...</a><p>If I understand correctly, it&#x27;s still not viable even if you tried your brute-forced keys on all addresses in the network.
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bradleysmithover 11 years ago
Here&#x27;s the cited paper from UCSD on bitcoin address analysis:<p><a href="http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf" rel="nofollow">http:&#x2F;&#x2F;cseweb.ucsd.edu&#x2F;~smeiklejohn&#x2F;files&#x2F;imc13.pdf</a>
cheezover 11 years ago
This is why I can&#x27;t take Bitcoin seriously. The privacy implications are insane.
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jgalt212over 11 years ago
This reminds me of when actual users were identified from the &quot;anonymous&quot; AOL search logs.<p><a href="http://www.nytimes.com/2006/08/09/technology/09aol.html?pagewanted=all&amp;_r=0" rel="nofollow">http:&#x2F;&#x2F;www.nytimes.com&#x2F;2006&#x2F;08&#x2F;09&#x2F;technology&#x2F;09aol.html?page...</a><p>Anonymity is not privacy.
chubotover 11 years ago
I haven&#x27;t been following closely, but could it have been the FBI transferring Silk Road funds to their own address? Given the timing that seems to make sense.
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antoniusover 11 years ago
Once wallets become available that can mask this type of public exposure, bitcoin popularity and usage will grow even more.
joshguthrieover 11 years ago
Today&#x27;s goals:<p>* Spend 100 million for supercomputers to compute this address&#x27;s wallet in one day.<p>* Acquire said wallet.<p>* Reimburse my 100 million debt.<p>* Enjoy my 50 millions.<p>Anybody got supercomputers?
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hbzover 11 years ago
This type of &quot;sophisticated analysis&quot; will be useless whenever zerocoin is proven as a viable addition to the protocol. True anonymity is scary from a regulatory standpoint but extremely desirable to many others.
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afs35mmover 11 years ago
Very curious how Meiklejohn came to associate the 12sENw address with Bitstamp...
ToastyMallowsover 11 years ago
Anyone know where I can get one of those bitcoin keychains in the picture? :)<p>Edit: Found it, <a href="http://bkeychain.com/buy.html" rel="nofollow">http:&#x2F;&#x2F;bkeychain.com&#x2F;buy.html</a> ($12??)
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