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Bitcoin offers privacy - As long as you don't cash out or spend it

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It's a sea of numbers without names. But researchers from the University of California at San Diego and George Mason University found it is a lot harder to convert bitcoins to cash -- or spend the bitcoins with a service -- and stay anonymous due to the ledger.

Most bitcoin users interact with a service to buy or sell the virtual currency. These days, most of those services want to know exactly who they're dealing with, especially as regulators around the world take an increasing interest in bitcoin.

(Source: http://www.pcadvisor.co.uk/news/sec...----as-long-as-you-dont-cash-out-or-spend-it/)
 
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