Comment Re:Two things glossed over in the summary (Score 1) 233
The fact that the content of every bank account and every transaction is public makes bitcoin a very bad tool for money laundering.
It would give you a pseudonymous social network of criminals. A law enforcement firm then just has to play crosswords and make some honey pots to get the big picture.
Bitcoin suppresses the need for extorsion fees during international wire transfers, not the need for suitcases full of cash during shady transactions.
It would give you a pseudonymous social network of criminals. A law enforcement firm then just has to play crosswords and make some honey pots to get the big picture.
Bitcoin suppresses the need for extorsion fees during international wire transfers, not the need for suitcases full of cash during shady transactions.