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What prevents the following real-life robberies from happening in the future where Bitcoin or similar cryptocurrency is widely used?
Robber Agoes to an infrequently-visited street vendor and buys a pack of gum with Bitcoin.Robber Anow knows the address of the vendor.Robber Acan sit and wait until someone (Victim A) purchases something from this address and has a very large Bitcoin balance.Robber Acan follow and robVictim Afor their entire Bitcoin wallet.- More generally,
Robber Bgoes to random persons house with a gun and demands a Bitcoin transfer equal toVictim B'sfull wallet.
Am I missing something because it seems incredible easy for people to do? Today cash, credit, and debit robberies have preventions/limitations in place to thwart very large robberies. I'm not seeing the same preventions for Bitcoin.
1You may be interested in doing some research on
confidential transactions. There are some videos from the bitcoin core developers this year explaining how they improve privacy, specifically for transaction amounts, on the Bitcoin blockchain. – bvpx – 2017-11-17T23:07:47.490