Comment Re:Mintchip is designed to track you (Score 3, Insightful) 84
If you are identifying people from a population of 30 million you need ceil(log2(30 000 000)) bits for your person identifier; which is 25 bits in this case. However you are likely to need to identify corporations as distinct from persons, which will probably take another bit or so. 26 bits per trading entity into a 24-byte (192-bit) TAC goes 7.4 times.
No matter how you put those IDs into the TAC you can never fit more than 7.4 at a time. So if you are a criminal (or privacy nut) who wants to use this system, make sure there are 8 trades between you and any other party you interact with if you want deniability if someone has access only to the TAC used for the final transaction to you. This is not a very plausible tracking scheme because for practical reasons you will need a timestamp and other gubbins to be encoded in the TAC.
Of course, if you have access to all the TACs you only need to fit two IDs in there at a time to build a chain. This is IMO very plausible.