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Ray Dillinger was there in bitcoin's early days. He recently wrote this:

https://www.metzdowd.com/pipermail/cryptography/2020-Decembe...

> The pseudonymity of coins being owned by the bearer of some cryptographic key is a failure;

> People have been eavesdropping and aggressively analyzing the block chain from day 1.

> And the block chain will always be there, it will always be public, and it will always be subject to further analysis.

> And we are learning that analysis of that record is sufficient to destroy any pretense of anonymity or pseudonymity.



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