Hacker News new | ask | show | jobs
by Amezarak 4483 days ago
I'd think Bitcoins would be a whole lot easier to trace than dollar bills.

The real reason behind this fear is that some consider Satoshi their hero and icon. Anything, therefore, that he doesn't or wouldn't (if you maintain this isn't the real Satoshi) approve of especially as it relates to himself inspires strong feelings and irrational justifications like "he could be kidnapped and tortured."

Or at least that's the only reason I can imagine this argument keeps coming up. Any other wealthy person could also be kidnapped and tortured. Heck, most wealthy (100m+) people probably have pretty valuable things just laying around their house that are far less traceable than Bitcoins.

1 comments

Bitcoin is certainly easier to trace than dollar bills - I'm not confident about "a whole lot easier". But few people have the kinds of sums Satoshi purportedly has in BTC sitting around in any liquid asset in their home. I certainly hope Satoshi doesn't, either, but it's significantly more likely that he can move tremendous amounts of value without involving intermediaries (and thus more risk) than it would be for really any other individual.

Of course, in this case, I hope the bitcoin network would resign itself to coloring those coins, if Satoshi was extorted out of his coins.