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  1. Dec 2022
    1. Bitcoin was monetizing this new Anonymous underworld of the internet and um that it was a way to kind of like send a briefcase full of unmarked bills from anywhere across the internet to 00:07:25 anywhere else in the world without identifying yourself and only now you know I mean not quite now but like only about almost a decade later that I kind of fully have this Epiphany that 00:07:38 actually it was the opposite the Bitcoin was the opposite of untraceable that it was in fact extremely traceable and that not only that but but it had served as a kind of trap for people seeking 00:07:51 Financial privacy and particularly criminals uh cyber criminals of every stripe for years and years and once I sort of Saw that this had happened I actually really 00:08:02 it came from seeing Justice departments announcements of takedowns and in each one they credited this one company called chain analysis which was uh I knew at the time a Bitcoin a 00:08:15 cryptocurrency tracing firm and it's began you know I sort of like read the research I'd seen hints over the years of how traceable cryptocurrency was but once I saw like how many of these cases 00:08:27 chain analysis specifically this startup tracing cryptocurrency was involved in

      !- traceability: of cryptocurrency - US government solved many cases with a company called Chain Analysis - who had figured out the vulnerability and traceability of cryptocurrency