Friday, 6 December 2019

History Lesson: Failed MIT ChainAnchor scheme to KYC every BTC transaction (2016)

I've been reading up on Peter Todd's archives, I found this gem:

https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin

TL;DR Bribe miners to only mine transactions which contain a backdoored cryptographic signature linking it to a real identity.

It's amazing to think about how much money and resources are being poured into sabotaging cryptocurrency every day. The ChainAnchor scheme never worked out, but the concepts really aren't that far-out. I wonder how much money Epstein funneled into the project?

submitted by /u/wtfCraigwtf
[link] [comments]

source https://www.reddit.com/r/btc/comments/e6wc41/history_lesson_failed_mit_chainanchor_scheme_to/

No comments:

Post a Comment