Post
Topic
Board Bitcoin Discussion
Re: Bitcoin, blockchain, technology that does miracles
by
eternalgloom
on 07/09/2018, 10:28:40 UTC
This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you. all of this

Has it really become easier to launder money because of Bitcoin? I would assume that criminal organizations usually already have highly effective practices in place to launder their money.
Then there's the fact that Bitcoin is in essence a public ledger. Sure, you can somewhat cover up your tracks by using mixers, but one small mistake can lead law enforcement straight to you.

If you're laundering your money with Bitcoin without fearing the law, you're probably going to get caught eventually.