alt Hacker NewsBut wallets aren't associated with a real person by default, unless it's created through some service that does KYC. If you can get anonymous tokens in an anonymous wallet, who cares if the transactions are public?
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hypeatei • today at 1:41 PM
It takes one OPSEC slip up for someone to link a wallet address to you. So yes, your transactions being public doesn't matter as long as you are cognizant of that 24/7 365 days a year.
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That is unfortunately a fairly weak form of anonymity. With a fully public network you can trace even the most meticulously tumbled and laundered tokens. And while they may not exclusively trace back to you, they'll trace into a mixer and out of a mixer with a large majority of the inputs and outputs being tainted.
Most exchanges, etc won't really touch accounts or UTxO that are messing with mixers.
Because of that it's generally just better to use "properly" private and anonymous blockchains instead. If they are fully opaque then tracing becomes effectively impossible.