Bitcoin Wasn't as Anonymous as Crypto Bros Told You

A new study on bitcoin calls into question whether the digital currency is truly as decentralized and anonymous as its biggest devotees would have you believe. Researchers from several universities recently analyzed data from the top cryptocurrency’s early days and found that, contrary to the claims made by Web3 apologists, the “wealth, income, and resources” during that period “were highly centralized” Researchers observed a high concentration of mining activity in the hands of a very few. On top of this, the techniques used to analyze the data had the ability to “de-anonymize” users in some cases, meaning that bitcoin’�s claims of anonymity aren’t quite what they’re chalked up to be. Source