--On Thursday, February 27, 2014 11:12 PM -0600 Troy Benjegerdes <hozer@hozed.org> wrote:
I'd argue that centralized systems provide, on averge, a larger anonymity set and privacy in the majority of cases than decentralized ones. In particular exchanges that everyone believes are 'incompetent' are a wonderful place to get a lot of cheap plausible deniability by making everyone else that uses it pay for it when the house of cards falls down.
In the case of something like mtgox, how did it provide privacy? Or plausible deniality? Users have to send IDs, bank account details, everything is logged, etc etc. What am I missing?
-- ------------------------------------------------------------------------- --- Troy Benjegerdes 'da hozer' hozer@hozed.org 7 elements earth::water::air::fire::mind::spirit::soul grid.coop
Never pick a fight with someone who buys ink by the barrel, nor try buy a hacker who makes money by the megahash