News for hackers. Stuff that matters.

A comment on US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site. Parent comment

Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by LeifCarrotson on Wednesday October 16, 2019 @04:57PM (#21275571)
If you can buy bitcoin in untraceable cash, you can sell it for untraceable cash. Also, you can (could) convert traceable payments to your electric utility and computer hardware to mining efforts that couldn't be linked to your power bill.

The problem is that most people don't do either of those things, instead, they buy and sell it at exchanges with very traceable credit cards.

[ Parent | on HN ]
Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by weare138 on Wednesday October 16, 2019 @07:17PM (#21277127)
The problem with exchanging BTC for untraceable cash or vice versa is the people you would be dealing with are probably criminals who are not above robbing you of your BTC and/or cash.
[ Parent | on HN ]
Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by jammygit on Wednesday October 16, 2019 @08:34PM (#21277758)
Iirc there is a bitcoin “atm” somewhere in my city
[ Parent | on HN ]
Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by dylz on Thursday October 17, 2019 @02:14PM (#21284868)
Every Bitcoin ATM I've seen here require you to look into the front-facing camera and insert/swipe ID.
[ Parent | on HN ]
Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by abeld on Thursday October 17, 2019 @03:23PM (#21285494)
An easy solution to that is to find a homeless person nearby and use fake IDs -- i.e. bribe someone else do the transaction instead of you
[ Parent | on HN ]
Re:US Law Enforcement Traces Bitcoin Transfers to Nab ‘Large... by weare138 on Wednesday October 16, 2019 @09:51PM (#21278241)
If the cash loaded into a bitcoin "atm" is legal, it's traceable. If it is illegal then your results may vary, most likely to your financial and legal detriment. If you think a bitcoin "atm" is a solution to this problem then hopefully your lawyer accepts bitcoins.
[ Parent | on HN ]