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by mikegioia 4854 days ago
What do you mean no paper trail? I thought Bitcoin worked by having a master list of EVERY transaction and then hashing the most recent for each new transaction.

This is from the Bitcoin doc [1]:

We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.

[1] http://bitcoin.org/bitcoin.pdf
1 comments
SODaniel 4854 days ago
Transaction records? Yes. Tied to a physical person? No. There is as far as I understand nothing hindering private trades among owners, making 'rigging' entirely possible (I may be wrong).
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mikegioia 4854 days ago
They're tied to a wallet ID which is unique.

Also, of course nothing is hindering private trades among bitcoins. Do you understand that BTC is a currency and not a stock exchange?

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