US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site

Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by simias on Wednesday October 16, 2019 @02:35PM (#21273814)

I'm pretty sure by now somebody has seriously claimed that Bitcoin cures cancer, speaks Romanian and cure male pattern baldness.

Anonymity and protection from the Big Bad Government were definitely talking points used by many cryptocurrency enthusiasts. "It can't be banned and can't be seized", rings a bell? Except of course if the Big Bad Government comes knocking at your door and tells you to hand your wallet over "or else".

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Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by fooker on Wednesday October 16, 2019 @03:19PM (#21274308)

> Can't be banned

This part is sort of true. A government can ban fiat <-> BTC conversion but there isn't really a way to stop people from providing services in exchange for BTC.

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Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by steveeq1 on Wednesday October 16, 2019 @03:12PM (#21274222)

And how are they going to know you even HAVE a wallet? There are anonymization techniques like wasabi and monero that are fairly trivial to use. It's basically like trying to outlaw software piracy, it's a hard sell.

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