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Genuine question: If that's the case why is it seen as (and indeed seem to be) such a great currency for illegal activity?

• krakensden 13y ago
  Because there's lots of overlap between people interested in Tor and interested in cryptocurrencies. Because they figured no one was watching.
  • Tyrannosaurs 13y ago
    So are you saying that Bitcoin is actually relatively traceable by law enforcement or the tax authorities?
    • VMG 13y ago
      It is traceable in principle, but not yet in practice.
    • zik 13y ago
      Yes, it is traceable. That's why when you buy bitcoin at an exchange the government requires that you prove your identity. Then it's just a matter of following the money through bitcoin's permanent public ledger. It's probably the most traceable currency ever. Even amateurs can follow the money trail.