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Anatomy of a Bitcoin phish - don't be too quick before you click!

posted onMarch 17, 2014
by l33tdawg

You've probably heard of Bitcoin, the digital currency that has no central control.

Bitcoin relies on complex cryptographic calculations (or, more accurately, on deliberately time-consuming ones) and a globally, public database known as the blockchain that allows its digital "coins" to be owned by just one person at a time.

Bitcoin isn't strictly anonymous, because the blockchain contains a record of how the currency's coins have moved around over time. But with no regulatory requirement for coin owners to register or to identify themselves, there is no official or reliable way to track coins to their owners.

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