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MIT Conducts World's Largest Bitcoin Experiment

Two students at the USA’s prestigious engineering and technology university MIT have raised $500,000 to conduct an experiment that will see every undergraduate handed $100 of the digital currency Bitcoin later this year.

Jeremy Rubin, who is studying electrical engineering and computer science, and Dan Elitzer, founder and President of the MIT Bitcoin Club and a first-year in the MBA program at MIT Sloan, raised the money so that it could be used in a test of how students use the Bitcoin they receive, as well as to spur academic and entrepreneurial activity around the crypto-currency.

http://www.telegraph.co.uk/technology/news/10797787/MIT-cond...



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since all transactions from

since all transactions from them will be in the public ledger, they can see the bitcoin addresses the money gets sent to. presumably, many of these bitcoin addresses will be known public bitcoin payment addresses. I assume this is what they mean.

ex, here are the coins confiscated by the FBI - everyone can track them: http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GN...

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How are they going to know how the students used their

bitcoins?

Leges sine moribus vanae

it will be voluntary disclosure

they can see the address where the coins were original sent but after that it will be up to the student whether they make those private or not.
if the students want to make them private all they do is run the btc through a tumbler/mixing service like coinjoin or darkwallet and into a new anonymous address.
if they want to make them transparent they can label their original btc address like daily paul did. even then it will be hard to track because 99% of address they will be sending to won't be labeled. in the future more companies will be labeling their btc addresses for transparency which is a good thing.

if you use a tumbling service btc is as anonymous as cash but can't be stolen without a password or multiple passwords.

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016

bzzt, wrong

they will know because every transaction is a matter of public record. also, as you know, tumbling does nothing if you know the source address.

stop spreading dis-info

lol, this is not up for debate. you don't understand the technology and don't know what you are talking about.

"every transaction is a matter of public record."
true and those transactions are now 100% anonymous if you wish them to be.

"tumbling does nothing if you know the source address."
false. so i guess i'll explain it again but slower so you can understand.
when the mit guys send the students their $100 in btc the guys who send it will know the address where the coins were original sent but after that it will be up to the student whether they make those btc private or not. even if they published the names and connected addresses it would not matter.
if the students want to make them private all they do is send the btc through a tumbler/mixing service like coinjoin or darkwallet and into a new anonymous address. when you look at the blockchain you see a transaction where btc was sent but because the coins were mixed you see like 20+ address (depending on how many times you mix them) where they could have been sent and all with different amounts shown. that alone will make prosecutions unprovable beyond a reasonable doubt. add dark wallets stealth addresses to that and it becomes totally untraceable.

here's what a coinjoin transaction looks like...
https://blockchain.info/tx/d7a8548a0d5556c33bdd95836bde050e4...

please tell me the address this was sent from, the address it was sent to and how much the transactions was for. bzzt, wrong, you can't.
if you knew the students original mit address then you could find that in the list but not the address where it went or the actual amount sent. and that's just coinjoin, dark wallets stealth addresses totally hides your real address.

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016