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If the problem is criminals using Western Union for money laundering and fraud, replacing it with a decentralized system of quasi-anonymous irreversible transfe

If the problem is criminals using Western Union for money laundering and fraud, replacing it with a decentralized system of quasi-anonymous irreversible transfers seems like it would make things easier for said criminals. Unless your complaint is about the government stepping in to penalize Western Union. In which case, I misunderstood.

ateevchopra 10y ago
Bitcoin's whole system is transparent. You can always see all the transactions happening. So there is no way one can hide. I recommend you reading this article for details. http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin http://www.sciencemag.org/news/2016/03/why-criminals-cant-hi...
- cm2187 10y ago
  And that is why crypto-hackers use bitcoin!
- luckystartup 10y ago
  There's absolutely no way of knowing who owns the addresses. We have a saying for this: "Hiding in plain sight."