Bitcoin was sold as anonymous digital cash. It isn't. 🕵️‍♂️💸 We investigate the forensic reality of the blockchain, where a decade of analysis has turned the public ledger into a permanent record of your financial life. We expose the "Privacy Gap": while 70% of users believe they are anonymous, sophisticated heuristics are unmasking them in real-time .

1. The UTXO Trap: We break down the flaw in the code. Bitcoin's Unspent Transaction Output (UTXO) model forces you to spend the entire "bill" and receive change back. We explain how analysts use Change Address Detection and the Common Input Ownership Heuristic (CIOH) to mathematically prove that distinct addresses belong to the same wallet with near 100% accuracy .

2. Fingerprinting the Software: It’s not just the money; it’s the app. We analyze Wallet Fingerprinting, where forensic teams identify your specific software (like Ledger or Trezor) based on tiny technical clues like "Low R Signatures" or how your app orders inputs . Even if you hide your IP, your wallet's coding style acts as a digital fingerprint.

3. The Network Dragnet: We explore the "God View." We discuss how surveillance firms use Bayesian Probabilistic Models to monitor the P2P network, logging the exact IP address that first broadcasts a transaction . By triangulating timing data, they can link your physical location to your digital wallet, shattering the pseudonymity of the blockchain forever.

The full list of sources used to create this episode can be found on our Patreon under https://www.patreon.com/c/Morgrain