To: Carthego delenda est
It’s easier for the Feds to track this than to track cash. Even easier than credit card transactions since they don’t have to strong arm or inflitrate any corporations.
18 posted on
02/19/2014 7:18:49 AM PST by
palmer
(There's someone in my lead but it's not me)
To: palmer
Its easier for the Feds to track this than to track cash. Even easier than credit card transaction
I agree that it's easier than tracking cash. Not so sure that it's easier than credit card transactions though.
Credit cards require verifiable identity information for the cardholder. I believe you can start a bitcoin wallet with no identification whatsoever. You can move coins in and out of it without any id. You simply need to have personal control over your wallet.
The bitcoin would be easier than cash to track because the transactions could possibly be traced back to the source ip address possibly proving that the transaction came from your computer.
With one handshake with a credit card company, millions of users' card data can be turned over. With bitcoin, the feds would have to individually trace and track down each user separately.
Export your wallet to a USB drive, throw your computer away, and say "what wallet?" and you may throw up a few roadblocks. Take your laptop to a public wifi network so your IP address can't be traced to you, and perform your transactions there. They might come up with your MAC address, but their level of difficulty in tracing has gone up (and there's ways around that too).
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