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basilikumyesterday at 9:38 PM1 replyview on HN

Bitcoin is traceable by design. That's how a public ledger works. It is merely pseudonymous. But it leaves complete public money trail. If your Bitcoin ever associate with your real identity, which they tend to do when you actually use them, your anonymity is gone.

There is a reason why Monero exists.


Replies

paxystoday at 2:35 AM

The ledger is traceable, the coin is not. Not all transactions have to happen on the blockchain. In fact very few do.

If I put $80m worth of BTC in my hardware wallet and physically hand it to you in exchange for a truck full of black market rockets, who is going to trace it?