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Topic: The Bitcoin busts: Its anonymity made Bitcoin popular among criminals. - page 2. (Read 1380 times)

legendary
Activity: 3472
Merit: 10611
"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

It was known since 2008 that bitcoin is NOT anonymous.
http://www.bitcoinisnotanonymous.com/#Bitcoin-P2P

So there is not much any "discoveries" in this science magazine.
atleast it can make the criminals have less risk than using fiat, that's why,even it's not anonymous at all,and bitcoin can be simply laundered by exchanging to alt coin

there is always a way for criminals to hide their tracks and launder money. it is not just bitcoin. bitcoin is just a currency like any other. it has been like always, Al Capone didn't have bitcoin when he was laundering money in 1900s
sr. member
Activity: 392
Merit: 250
"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

It was known since 2008 that bitcoin is NOT anonymous.
http://www.bitcoinisnotanonymous.com/#Bitcoin-P2P

So there is not much any "discoveries" in this science magazine.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
What is the point of this article? Why is it that people think that Bitcoin is completely anonymous? It is a transparent ledger after all, anyone can see everything on it. Bitcoin is pseudo-anonymous which is actually better if you want a coin that is legal and/or regulated. If you don't want that, then go find something in the altcoin pile.
I agree. because of the transparent transaction of bitcoin, people can believe to them who send bitcoins although the sender is anymous, but I'm not saying that all people is honestly using this stuff.
full member
Activity: 140
Merit: 100
What is the point of this article? Why is it that people think that Bitcoin is completely anonymous? It is a transparent ledger after all, anyone can see everything on it. Bitcoin is pseudo-anonymous which is actually better if you want a coin that is legal and/or regulated. If you don't want that, then go find something in the altcoin pile.

It's an article for quasi lay people. Science is one of the most widely read scientific research journals so their readership has a high capacity for technical understanding but Bitcoin, believe it or not, is still not mainstream at all. This article serves to continue to insert bitcoin and other cryptos into mainstream conversation which should bolster adoption over time.
legendary
Activity: 2674
Merit: 2965
Terminated.
What is the point of this article? Why is it that people think that Bitcoin is completely anonymous? It is a transparent ledger after all, anyone can see everything on it. Bitcoin is pseudo-anonymous which is actually better if you want a coin that is legal and/or regulated. If you don't want that, then go find something in the altcoin pile.
full member
Activity: 140
Merit: 100
"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full
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