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Author Topic: 2013-05-30 CIO: Online Money Laundering Bust Casts Light on Bitcoin  (Read 619 times)
n8rwJeTt8TrrLKPa55eU (OP)
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May 30, 2013, 05:31:24 PM
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The take-down of Liberty Reserve, which authorities described as a multibillion-dollar online money-laundering operation, raises the question whether Bitcoin could evolve into an alternative for cybercriminals.

Attack piece from 2 directions, don't read if you suffer from high blood pressure.

TL;DR: Bitcoin is undoubtedly a nefarious evil vehicle.  But only for petty small-time crooks.  Conservative, savvy, large criminal enterprises won't touch it, because it has too many flaws as a currency: too volatile, un-scaleable, and not anonymous enough.

http://www.cio.com/article/734182/Online_Money_Laundering_Bust_Casts_Light_on_Bitcoin
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