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> Pinned to his chest was a large white button: "Pay Cash—Don't Be Tracked." Looking at the photo, it looks like it actually says "Don't Be Tracked—Pay Cash."
by GotAnyMegadeth 14y ago
> Pinned to his chest was a large white button: "Pay Cash—Don't Be Tracked."
Looking at the photo, it looks like it actually says "Don't Be Tracked—Pay Cash."
- josephagoss 14y agoHow long until its "Don't Be Tracked-Pay Bitcoin." :)
- astrodust 14y agoEvery single transaction in Bitcoin is tracked and published. Why do people think this is even remotely close to anonymous?
- zalew 14y agobecause there is no PII attached.
- dlitz 14y agoUntil you buy something with it.
- josephagoss 14y agoI thinks its because the addresses are only able to link to your real self once you make a link. (buy something and have it shipped to your address, deposit real money with a exchange that requires your identity, etc..) however you could always make a new account on mtgox, send the coins to the exchange and send them out to another address you made, and I think, unless the exchange gives that transaction (That is internal to their network) to the authorities, you can begin to remove your-self from being traced. The way I see it is this, you can determine how traceable you are in Bitcoins, you can't determine easily how traceable you are with native transactions (USD, AUD, EURO, etc...) This may help you hide better
- mithaler 14y agoLaw enforcement agencies routinely unravel money laundering schemes that are much more sophisticated than this. You really think this'll stop them if they have a reason to investigate your funds?
- josephagoss 14y agoYour right, I heard that sending coins through a several eWallet services, back and fourth then to a brand new address would require a massive operation to track you down. Could this easily be circumvented?
- freehunter 14y agoYou mean a massive operation similar to the scale of the federal government?
- tankbot 14y agoProbably because BTC are (sometimes) used in illegal transactions. It's an easy jump to assume that BTC are anonymous if the person doesn't fully understand the way the currency works. My question is this: When hackers steal 400k BTC how do they get that money out of the 'bank'?
- astrodust 14y agoThe last major theft resulted in the money being parked into some accounts as if the thieves need some time for this to either cool down, avoiding closer scrutiny, or to come up with a strategy to launder it. Those funds are obviously hot at the moment to anyone who can navigate the transaction graph.
- tankbot 14y agoThanks for the info, you confirmed my suspicions. I wonder what they'll come up with, it's an interesting problem.
- Groxx 14y agoBecause not enough people understand "pseudonymous". Why do we call it all "the cloud"?