Bitcoin fallacy led to Silk Road founder’s conviction

It seems anonymous at firstbut only if you keep your wallet address secret. If that’s connected to your name, the whole world knows every transaction you’ve ever made.

That’s why Bitcoin’s notoriety as the tech-savvy criminal’s currency of choice is absolute lunacy. Bitcoins track everything. Some Bitcoin users have even taken to calling them “prosecution futures.”

In Ulbricht’s case, it all came down to what happened in a New York federal court on January 29.

Related: FBI shuts down online drug market Silk Road

Related: Spent bitcoins? Expect a tax headache

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