Bitcoin Forum

Bitcoin => Press => Topic started by: crossabdd on April 05, 2016, 07:41:21 AM



Title: [2016-04-04] Why Bitcoin is Better for Crime Fighters Than Criminals
Post by: crossabdd on April 05, 2016, 07:41:21 AM
If you ask the average person what words come to mind when they think of bitcoin, three of the most common responses will likely be "anonymous", "untraceable" and "a currency for criminals." But all of these common ideas about bitcoin are actually misconceptions.

In fact, every single one of them is wrong.

This may just be a problem of perception, but it can have very real consequences, as it can impact the attitudes of investors, lawmakers, regulators, enforcement agencies and the public toward this technology.

We need to deal with these perception issues head-on....


http://www.coindesk.com/bitcoin-cops-criminals/


Title: Re: [2016-04-04] Why Bitcoin is Better for Crime Fighters Than Criminals
Post by: Dank14 on April 05, 2016, 10:22:28 AM
But bitcoin is indeed anonymous, I do not need to verify my ID in order to have a btc wallet, neither do I go through an identity check when trading with btc. You cannot deny that this will be excellent for fraudulent transactions howbeit, we could curb this my mandating an ID verification for all btc users.


Title: Re: [2016-04-04] Why Bitcoin is Better for Crime Fighters Than Criminals
Post by: polynesia on April 06, 2016, 12:49:41 AM
But bitcoin is indeed anonymous, I do not need to verify my ID in order to have a btc wallet, neither do I go through an identity check when trading with btc. You cannot deny that this will be excellent for fraudulent transactions howbeit, we could curb this my mandating an ID verification for all btc users.

The word you are looking for is pseudonymous. Everybody can see your transactions; they just can't link your BTC address to your real life identity.
If you do slip up and one of your transactions does get linked, then your transaction history is public for the world to see.