Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer

A mysterious entity may be collecting the IP addresses of Bitcoin users, according to a report by Bitcoin developer John Newbery. Newbery claims that the entity uses a range of 812 different IP addresses to obscure its identity while collecting data, presumably for its own benefit. The entity has been seen interacting with various Bitcoin services, such as mining pools and wallets, in order to gain access to users’ IP addresses. The entity’s motives may never be known, but one possible explanation is that it is collecting the data for targeted marketing efforts or other commercial purposes. Alternatively, it may be a government agency or other organization collecting data for surveillance purposes. Regardless of its motives, the entity’s activities raise questions about the privacy and security of Bitcoin users. Cryptocurrency has long been seen as a way to protect user anonymity, and the idea that someone or something is collecting users’ sensitive data is concerning. Bitcoin users should take steps to secure their IP addresses to protect their privacy. A VPN or proxy can help to protect users’ identity by making it harder for entities to track their IP address. Additionally, users can avoid connecting to public Wi-Fi hotspots or other public networks, as these are more vulnerable to interception. Finally, it is important to remember that while Bitcoin offers privacy, it can never provide complete anonymity. As with all online services and transactions, users should take caution and practice good security hygiene to protect their data. Categories: Bitcoin, Privacy, Security