Why criminals can't hide behind Bitcoin | Science | AAAS

The biggest problem is cashing in Bitcoins to fiat currency, and it's becoming harder and harder.

There's a great article about it on http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin.


Comments


[5 Points] GrandWizardsLair:

The Grand Wizard notes that precisely none of the arrests described in this article happened due to s00per-133+ Blockchain Analysis: they happened because the criminals in question behaved like Block-heads. If you know the back story on these cases you will know that it is difficult to tumble 90k bitcoins; that if you disappear with 390k+ bitcoins you may be charged with embezzlement; that if you take $30k in cash from somebody who tells you he's buying stolen CCs with your bitcoins you may go to prison; that if you are involved with a $10mil+ drug ring or run the world's largest DNM you may get arrested by the police.

That's not to say there aren't potential security flaws with bitcoin or that we may at some point be forced to move to a cryptocurrency with greater anonymity protection (although the Grand Wizard notes that we are still faced with the crypto-to-fiat dilemma no matter how robust your altcoin's anonymity). But all of these cases were cracked by criminal error, no matter what the Po-Po want the sheep and grant funders to think.


[2 Points] Cents_of_Common:

Dogecoin is the way of the future man. Cash in your bitecoins and hop on the sled. We be headed to Nome son.


[2 Points] loxsey:

Shit article, there not called outlaws for nothing.


[1 Points] None:

Not an issue....There are already replacements out there....

http://forklog.net/zcash-releases-alpha-for-untraceable-cryptocurrency/


[1 Points] None:

Gleim believes the federal government will issue its own cryptocurrency

Ha, absolutely no one but the die-hard government cucks would use this piece of shit, and LE knows this.


[1 Points] huzibizi:

sell coke, get btc to buy mdma, buy mdma, sell mdma, get cash