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Author Topic: NEWS BTC is traceable, but it's a good thing.  (Read 1655 times)
vegasbitcoin (OP)
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June 17, 2011, 06:19:56 AM
 #1
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.
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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scooter
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June 17, 2011, 06:29:30 AM
 #2
This has always been known as a weakness if your desire is to convert BTC to fiat money.
Anonymous
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June 17, 2011, 06:33:21 AM
 #3
Who says you have to use the major exchanges? Heh.
vegasbitcoin (OP)
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June 17, 2011, 07:14:29 AM
 #4
hmm good point:)
killer2021
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June 17, 2011, 07:56:12 AM
 #5
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.
Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
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asdf
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June 17, 2011, 08:04:18 AM
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laundering bitcoins is a snack.
becoin
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June 17, 2011, 09:15:12 AM
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Quote from: asdf on June 17, 2011, 08:04:18 AM
laundering bitcoins is a snack.
Guide?
asdf
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June 19, 2011, 06:01:25 AM
 #8
Quote from: becoin on June 17, 2011, 09:15:12 AM
Quote from: asdf on June 17, 2011, 08:04:18 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!
imperi
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June 19, 2011, 06:04:28 AM
 #9
That's an altogether great story, and pretty fair in my opinion. Thanks for posting.
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