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How long was the criminal underworld using bitcoin before they learnt it was a public ledger.
by stephen123 9y ago
How long was the criminal underworld using bitcoin before they learnt it was a public ledger.
- bfuller 9y agoAnyone who can read the white paper could figure that out
- davchana 9y agoNot every criminal "reads". :)
- lawlessone 9y agoconsidering all the coin washing/ tumbler sites they were always aware.
- westmeal 9y agoI think some criminals are actually still using Bitcoin but not any smart criminals. It always seemed weird to me...
- vadimberman 9y agoI strongly suspect an average cop is not equipped to take advantage of the bitcoin's vulnerabilities, be it US, Japan, China, or Russia. Not every criminal handles bajillions, so most won't be investigated by young cyber-savvy hotshots.
- draw_down 9y agoCriminals aren’t always as dumb as you seem to think they are.
- DaiPlusPlus 9y agoOnly accept coins that were directly mined by the originating wallet's holder, use a new receiving address for each transaction, and sell BTC for cash in real-life parking-lot transactions.
- tobltobs 9y ago> and sell BTC for cash in real-life parking-lot transactions. Doesn't sound practicable.
- jameskegel 9y agoThis is all we had in the beginning; I did all my meets on a basketball court next to a police station because I was a teenager, and that’s where I would meet people from forums to sell my other stuff online like X-men cards and MTG cards.
- harlanji 9y agoWalmart/Target parking lot or Caribou Coffee here. Craigslist was (is) the best. People are still good, our "social" media just tells us otherwise. You have to be street smart to be able to do this stuff... if you go to meet afraid, a maybe-mugging is a sure-thing-mugging. Most people just wanna do business and be done, some of them may take an opportunity if it's there so don't give one beyond doing business. This is true in all of life, so meet in courts by the police stations "and stuff"... be smart. I've used CL as recently as last year in SF, and in 3+ cities over 10 years. No free lunch, if it looks too good to be true it probably is, don't take free candy from strangers, tell a friend where you're going, etc...