Bitcoin Forum

Bitcoin is use as a money or payment for transaction in the deep web. It is because bitcoin is protects its users identity but the FBI tracks and hunts the illegal dealers and buyers of drugs and guns in the dark web. How can they track and arrest the user if bitcoin is anonymous?

Share Your Thoughts :)
Merit me please :)

bitcoin addres cant be tracked while you dont try exchange it to real money trough exchanges where needed identify

That is because because bitcoin is "pseudo anonymous", but it's not full on anonymous by any means.  Simply google the infamous story of Silk Road and you'll see.  This is an important issue in the world of bitcoin because so many people out there still believe this to be the case when it's simply not.  There are in fact other Altcoins out there that claim to be completely anonymous and those I would worry about due to governments likely to come down hard on them for that very reason.

In Actual bitcoin is not that much private thing but it is in actual a public thing where we can see everyones transaction and we can know that which adress have how much bitcoin etc etc .
And also let us if we consider that people are using it in bulk amount for illegal work then surely at the end people will use it for the cash out in Fiat currency and at that end he will need to declare that from.where he got that amount of bitcoin and he will need to show everything for that bitcoin history ( like buy sell of coins or if any work he did to get payment in btc invoice ) .
So we should not think that bitcoin is using for the illegal ways and also even when bitcoin was not available then still people were doing illegal works easily , so don't blame bitcoin for those illegal works.