Re:The Big Book of Bitcoin - An introduction
by gregpilling on Friday March 22, 2013 @01:41PM
(#5424369)
Well said.
I also think criminals will avoid it like the plague. Bitcoin could conceivably tell law enforcement everywhere you received money from and everywhere you spent it. I realize it is one long number transacting with another long number, but law enforcement have computers too, and they have time on their side. Using bitcoins could be like leaving DNA on the scene of the crime - probably not a good idea if you want to get away with whatever you are doing.
Re:The Big Book of Bitcoin - An introduction
by gcv on Friday March 22, 2013 @03:59PM
(#5425267)
If I understand the idea correctly, using a different key pair for every transaction should help mask user histories. Not sure if this is easy in practice.
I also think criminals will avoid it like the plague. Bitcoin could conceivably tell law enforcement everywhere you received money from and everywhere you spent it. I realize it is one long number transacting with another long number, but law enforcement have computers too, and they have time on their side. Using bitcoins could be like leaving DNA on the scene of the crime - probably not a good idea if you want to get away with whatever you are doing.