Re:An Extortionist Has Been Making Life Hell for Bitcoin’s E...
by ivraatiems on Monday December 29, 2014 @12:22PM
(#8810704)
Except that Bitcoin can be laundered quite effectively, and often is. [1] In fact, there are services that do so. [2]
[1] http://bitcoin.stackexchange.com/questions/72/how-is-it-poss...
Re:An Extortionist Has Been Making Life Hell for Bitcoin’s E...
by Retric on Monday December 29, 2014 @12:25PM
(#8810717)
Try and launder a 1Billion to 10 Billion dollor transaction with bitcoin and that's going to fall flat.
PS: For comparison you can fedex ~170,000$ worth of gold in a vary inconspicious 15 LB box. Shipping ~60,000 lb of gold (1Billion$) is much easier to track and more risky.
Re:An Extortionist Has Been Making Life Hell for Bitcoin’s E...
by samatman on Monday December 29, 2014 @01:00PM
(#8810897)
There is no possible way to make gold inconspicuous. The density simply prohibits it: gold reflects easy-to-send parts of the EM spectrum that most anything else will pass.
Cash is difficult but not impossible to track, Bitcoin is ridiculously easy to track by comparison.