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If bitcoin were truly that ineffective for use by extortionists, why is it so commonly used? Note: I'm truly asking a question, I know very little about the sub
by matt-attack 9y ago
If bitcoin were truly that ineffective for use by extortionists, why is it so commonly used? Note: I'm truly asking a question, I know very little about the subject.
- moosingin3space 9y agoMy guess is that BTC, while not effectively anonymous, does make it easy to use temporary accounts for receipt of extortion money.
- marcosdumay 9y agoHonestly, I'm repeating this question for years. I still didn't come-up with a good answer. The best that I got is that those criminals rely on living in countries with weak rule of law, and Bitcoin makes for just enough obfuscation that those countries won't investigate them, while countries wiling to investigate don't want to disclaim they have the ability. Besides, anonymity is not the only feature of Bitcoin useful for criminals. There's also the fact that transactions can not be stopped or undone. Those may be even more important.