Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: vegasbitcoin on June 17, 2011, 06:19:56 AM



Title: NEWS BTC is traceable, but it's a good thing.
Post by: vegasbitcoin on June 17, 2011, 06:19:56 AM
Great story: http://in.reuters.com/article/2011/06/15/financial-bitcoin-idINN1510930920110615

I think it's a good thing that BTC are traceable, keep the US happy. Your thoughts?

P.S if this has already been posted just delete mods, and sorry.


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: scooter on June 17, 2011, 06:29:30 AM
This has always been known as a weakness if your desire is to convert BTC to fiat money.


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: Anonymous on June 17, 2011, 06:33:21 AM
Who says you have to use the major exchanges? Heh.


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: vegasbitcoin on June 17, 2011, 07:14:29 AM
hmm good point:)


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: killer2021 on June 17, 2011, 07:56:12 AM
From what I've seen. BTC is traceable only if YOU want it to be. Thats the good thing about BTC. If you don't want to have your BTC transactions traceable then there are measures you can take to make sure it stays anonymous. Its not easy, but it is possible.


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: asdf on June 17, 2011, 08:04:18 AM
laundering bitcoins is a snack.


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: becoin on June 17, 2011, 09:15:12 AM
laundering bitcoins is a snack.
Guide?


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: asdf on June 19, 2011, 06:01:25 AM
laundering bitcoins is a snack.
Guide?

Use laundering service. Current ones are admittedly pretty crappy, but it's possible to build one which breaks the transaction chain, completely disassociating your payment from your addresses. Make this a tor hidden service and snack is served!


Title: Re: NEWS BTC is traceable, but it's a good thing.
Post by: imperi on June 19, 2011, 06:04:28 AM
That's an altogether great story, and pretty fair in my opinion. Thanks for posting.