4min chapter

Bitcoin Rapid-Fire cover image

Coinjoins, Blacklists, Softforks, & The Beginning of Civilization w/ Max Hillebrand

Bitcoin Rapid-Fire

CHAPTER

The Importance of Privacy in Bitcoin Transactions

If there's a large crowd, gathering in front of the stage, then saying, Hey, look at that one guy in the crowd. Well, which one guy do you mean? There's one out of 300. And so the larger the crowd, the, the larger is the possibility of a wrong guess. So, let's say your chance of being identified as one in 300. That's ultimately the anonymity set. In order to perform a successful attack, you don't actually need to enumerate every possible transaction,. and there are possible interpretation.

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