Re: Can't anything be done??
(not an expert, don't even have a bit coin wallet)
My understanding is that the advantage for the legally challenged is that they don't require an account with a 3rd party organisation (e.g. bank) to collect store and spend money. Financial organisations have tightened down on money laundering in a huge way.
I imagine the job of law enforcement folks is to find evidence tying a bitcoin wallet to a group or individual.
The disadvantage bitcoins have over cash is the entire history of every bitcoin is available in the blockchain. It may or may not be possible to use this to link wallet to owner.
So if the FakeCry wallet owner spent some of their coins directly at Amazon, having a nice new Ferrari delivered to their home address, then they would be easily identified and brought to justice. I guess most bitcoin users engaged in illegal activities would launder their money more effectively.
Biting the hand that feeds IT
