Is it time for another bitcoin topic?
I bought tiny bit of bitcoin a while back. $50 or something like that, just to play around and see how the system works. I also did it the lazy way, by using Coinbase. Apparently I made some small payment to someone but I don’t even recall exactly who? Years pass and I haven’t checked on it until this week.
So I logged in and found that I can no longer send or receive unless I enter all my personal information, including a picture of my ID. Whisky Tango Foxtrot!
While I know it’s never 100% private to begin with due to the blockchain. What’s the PRACTICAL consideration that my transaction can be easily traced?
Let’s say I paid “Teriyaki on Main” $5.95. How easy is it for someone who got access to the vendor’s information to trace that to my Coinbase account?