US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site
I have never understood the appeal of BitCoin as a means of purchasing or selling illegal materials. The entire transaction history is literally encoded in a public ledger!<p>All Law Enforcement has ever needed to do is trace back the transactions - something that's almost impossible with conventional currencies. Heck the equitable principle of 'Tracing' exists in Law because it's normally impossible to do that once monies have intermingled.<p>The sheer practicality of it is demonstrated in the fact that it's only worthwhile or practicable for Law Enforcement to investigate _large-scale_ money-laundering operations. Yet with Bitcoin you can essentially read back the exact history of every single satoshi.