In this episode, we talk about privacy on a blockchain and what that means but to get there first we talk about how Something’s Fishing about the Bitcoin Heist Arrests on The Third Coin Podcast.
The Third Coin Podcast is a conversation about the past, present, and future of Blockchain, Crypto, NFTs, and technology. Discussions, interviews, answers, opinions, and maybe some conversation about what is the third coin.
(00:00:32) Lewis intro’s the show
(00:01:28) The gang talks about the people involved, Heather Morgan, 31, a published Forbes writer and rapper, who goes by the name 'Crocodile of Wall Street,' and her husband Ilya Lichtenstein, 34, a startup founder.
(00:01:42) Dan quote the article
(00:02:32) Grant gives his opinion, “something doesn’t smell right” we joke a little more, and at
(00:03:43) Lewis begs the question, “how does one steal bitcoin?” and Grant Explains. Grant, Dan, and Lewis continue about private keys and mnemonic word keys. The conversation refocuses back to how one steals bitcoin for 4 minutes.
(00:07:53) Dan explains how glitches and vulnerabilities are the other way bitcoin could be stolen.
(00:08:40) Grant finishes explaining wallets and how the coin is transferred and stored, ultimately what has to happen for it to exchange hands and what the ledger says.
(00:12:08) Grant tells us about how to have a completely anonymous wallet.
(00:14:24) Lewis makes the statement that most people aren’t putting the correct thought about how to remain anonymous and the conversation starts to explain the different ways an anonymous wallet becomes “doxxed” or exposed.
(00:15:44) A good last explanation of what happens when people move stolen blockchain coins.
(00:17:15) After seeing that only 96,000 of the stolen bitcoins were recovered the discussion turns to how do you own and transfer digital assets without losing anonymity?
(00:17:53) Enter the privacy coin and coins like Monero. Multiple different questions and answers about privacy coins continue on.
(00:22:48) Lewis wraps it up with a statement about the Bitcoin heist and how it almost has to be purposeful to get caught doing what Heather Morganand her husband Ilya Lichtenstein got caught for.
(00:24:24) Everyone wraps it up with some ideas for another discussion.
That's everything for today's episode.
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The hosts of The Third Coin Podcast are:
Dan Mueller - crypto veteran
Grant Cermak - Crypto Programmer Guru and founder of www.irulast.com
Lewis May - marketer, rally race car owner, and co-driver