Peter Todd Exposes MIT ChainAnchor Project That Enables Tracking Bitcoin User’s Identity
In a surprising development on Wednesday, Bitcoin developer Peter Todd released information around MIT’s ChainAnchor project. ChainAnchor supposedly involves enticing miners with additional compensation to ensure that only transactions from a list of identified and registered users are included in blocks. The news comes at a time of accelerating initiatives to adopt facets of Bitcoin’s Blockchain technology into traditional banking and trading of other digital assets or securities. The uses all fall under AML or KYC regulations that ChainAnchor would help with. Identity has long been at....
Related News
ChainAnchor is an MIT project that was brought to the attention of the Bitcoin community last week by Bitcoin Core contributor Peter Todd. In his blog post, Todd questioned whether this project may have been an attempt to bring Anti Money Laundering (AML) and Know Your Customer (KYC) compliance to Bitcoin. MIT Connection Science Managing Director David L. Shrier responded to Todd’s blog post directly on Reddit, saying, “ChainAnchor was never intended for [B]itcoin.” When first asked about why a preliminary version of the ChainAnchor paper discussed Bitcoin, Shrier pointed Bitcoin Magazine....
The MIT ChainAnchor Project would offer this functionality on an opt-in basis at first, but if not enough people would get on board, the system administrators can force others to register if they want to remain a part of the Bitcoin network. A recent post regarding the MIT ChainAnchor project is raising a lot of questions, and very few answers. Based on the information in this post, Bitcoin users will soon be forced to link their identity to an address. What could MIT hope to gain by doing so, and to what lengths will they go to see this project come to fruition? The MIT ChainAnchor....
A blockchain project being developed by MIT researchers gained new attention this week following criticism of its alleged design elements, though the veracity of these claims has been denied by those involved. The inciting incident came on 21st April, when Bitcoin Core developer and blockchain consultant Peter Todd posted what he positioned as "leaked copies" of documents relating to an MIT Connection Science research project called ChainAnchor. In the post, Todd, an expert on threat analysis who has done work with bitcoin and non-bitcoin companies, denounced the project for what....
Developer Peter Todd has caused quite a stir in the community by committing a double spend on Coinbase. Taking $10 from the company and buying Jeremy Gardner of the Augur project some reddit gold. Todd admitted to the action via Twitter and GitHub with the crack he created. At this time, Gardner says he and Todd were conversing, and Todd had decided to “make a point about security in the industry” Gardner goes on to say that he had succeeded on his first try and was able also to snap a screenshot of the action. Many people in the community went crazy on Twitter following this announcement.....
The US government is trying to recruit blockchain developers to consult on blockchain and bitcoin developments. This should come as no surprise considering the interest in blockchain technology demonstrated by the world’s largest banks via the R3 CEV project, and the largest technology firms via the Hyperledger Project. The biggest names in banking and technology – from Wells Fargo to IBM – have entered the blockchain space. As Peter Todd, longtime Bitcoin developer, tweeted: “Lol, just got off a call re: a consulting gig for a US govt. project to do sentiment analysis on BTC blockchain....