You are on page 1of 17

Anonymity on Bitcoin and Tor

Matt Corallo April 1, 2013

Bitcoin?
A Decentralized Anonymous Cryptocurrency

Bitcoin?
A Decentralized Anonymous Cryptocurrency

Bitcoin?
A Decentralized Anonymous Cryptocurrency

Bitcoin?
A Decentralized Anonymous Cryptocurrency A Decentralized Pseudonymous Digital Commodity

Decentralized
No central authority Double-spend problem
Bob

Alice

Hat Guy

Decentralized
Blockchain!

Hard to generate (cost power) Most work wins Transaction confirmed in blocks Miners generate blocks get Bitcoin

Decentralized
Who enforces the rules? What are the rules?

Pseudonymous
Not so anonymous when you post your address

Pseudonymous
Blockchain is Public

Pseudonymous
How do you get money into Bitcoin? Online Exchange Physical Exchange Transaction origination

RFC 1149
IP-over-Avian Carriers Due to high latency, UDP provides higher throughput Built-in source and timestamp obscurity Audit trails could be problematic Crossing large bodies of water may help

Tor
Designed to provide anonymity to anyone online Routes traffic through the network randomly

Tor
Really anonymous? Control the whole network? 10% not all that much Packet timing?

Silk Road
Seriously, you think this is anonymous? You provided a physical mailing address

Is it possible?

Is Bitcoin ideal for Illegal Activities?


Bitcoin is the underlying currency/commodity NOT a bank Is cash anonymous?

You might also like