> Even with a public ledger, it's harder to trace than, for example, forcing someone to wire the cash via the traditional banking system. Not really. From the

> Even with a public ledger, it's harder to trace than, for example, forcing someone to wire the cash via the traditional banking system. Not really. From the comfort of my home, I as a member of the general public can trace any, say, bitcoin transaction I feel like, and work on de-anonymising it. And not only today's transactions, but all bitcoin transactions ever. To trace bank transfers, you need to be part of established law enforcement and have something like a warrant. (Or whatever the legal requirements are in your country.) The transfer might go via multiple countries with different rules and perhaps less enthusiastic authorities. And the data might get lost.