On Wed, Feb 26, 2014 at 3:05 PM, Jed Rothwell <jedrothw...@gmail.com> wrote:
Security is not unique to Bitcoin; what is unique is that it is anonymous > and untraceable. Some people want that, and some such as drug dealers need > it, but I have no use for it. > Interestingly, bitcoin does not appear to be untraceable. Since every transaction is recorded in a common ledger, it is possible to trace back transactions and piece together and infer who carried them out and who paid what to whom. Law enforcement looking at the online drug markets have called bitcoin transactions "prosecution futures", in the sense of futures markets [1]. Eric [1] http://www.economicpolicyjournal.com/2014/01/the-legal-crowd-now-calls-bitcoin.html
