stolen bitcoins - page 3. | Bitcointalksearch.org

Aemon

sr. member

Activity: 308

Merit: 250

Quote from: hector3115 on January 09, 2015, 01:14:02 PM

Correct me if I'm wrong, but this is one of the greatest things about bitcoins. The stolen coins can be tracked and the spending of them will lead them back to the thief.

Thats something that can definitely not be done with fiat.

I think that is one of the things that hurt Bitcoins the most. For the most part, credit cards are easily tracked and you can find out where/who stole your card information pretty easily.

You can gather the bitcoin address of the people who stole your stuff, but that does you absolutely no good.

MCHouston

hero member

Activity: 882

Merit: 500

Where am I?

I think at some point an address can be tied to a person Some examples would be:

Pay for lunch with BTC - Cameras/Witnesses
Trading BTC for fiat - Identity is known for Wire Transfers
Buying a TV through NewEgg - Name/Shipping Address
Selling Coins to People - WU has cameras, Loading cards gives places you spent at which have cameras not to mention phone numbers and IP addresses

Pretty much anything that involves you getting a good or a physical service you can be identified.

The only thing I can think of you can do with BTC that is anonymous is trade between coins, make more BTC, and look at them.

Citizens might have a hard time tracking down a person, but law enforcement with warrants and all their other goodies could find people easy enough.

ticoti

hero member

Activity: 854

Merit: 1000

no really,because you can mix them and you don't know when they change of owner, so you don't really know who are that bitcoins from

Meuh6879

legendary

Activity: 1512

Merit: 1012

regulation deserve nothing.
trust and serious job must have reward.

bitcoin is in this way, it's a tangible "store of value".

if bitstamp was hack ... it's because of lack ... or because, they want do more with less.

computer security must be ... used when it's needed.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

It would require tremendous effort to track a scammer/criminal, it could be done tho, but whoever wants to do that must have massive resources.
If the scammer used something like Monero then you are shit out of luck.

croato

hero member

Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

Bitcoin is fairly new tech and in time will sure find ways to make life harder for thieves and scammers. In my opinion, some sort of regulation is needed if we want btc become mainstream. We cant alow btc is considered as monopoly money and thieves can do what they want doing great deal of dmg to bitcoin and all of us.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

That's possible. But what if I send them to a mixing service? That would combine them with other coins until the trail is lost. There are also other ways to obfuscate the coins and make them hard to track.
This is why doing your own security is so important. It is easy to get away with stealing them. In fact, I don't know if anyone has ever been convicted for stealing coins?

slacknation

member

Activity: 93

Merit: 10

the bitcoin community do not believe in blacklisting coins and source of coins can be 'washed' such that you can only conclude that the coins sent to you are stolen with some % certainty.

hector3115

sr. member

Activity: 481

Merit: 251

But at some point, they have to be traded for something of value. Of course if they sit in an anonymous account forever they won't be caught but when they try to buy things or exchange for fiat at that point they can be tracked down. Right?

Meuh6879

legendary

Activity: 1512

Merit: 1012

wrong.

bitmixer.

real economy -all coins will be recycled-

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

As mentioned above we can all see the addresses involved, but addresses are not tied to identity, so we have no idea who owns them.

Ume

full member

Activity: 210

Merit: 100

Finding oNlinE JoB ---=== :)

Quote

The stolen coins can be tracked and the spending of them will lead them back to the thief.

according to this i think u are wrong it cant lead to the thief but yes it can lead to the address to the ADDRESS of thief !! but i see there is no way to caught the thief with an address its very hard !! and if there is too many thief who have enough knowledge about hacking bitcoin address then all the bitcoin will be stolen and no bitcoins left for real users or the real owners of em!

hector3115

sr. member

Activity: 481

Merit: 251

Correct me if I'm wrong, but this is one of the greatest things about bitcoins. The stolen coins can be tracked and the spending of them will lead them back to the thief.

Thats something that can definitely not be done with fiat.

Topic: stolen bitcoins - page 3. (Read 2942 times)