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It's factually incorrect to say that transactions are untraceable. Every single transaction is logged on a public ledger. The only difficulty lies in establis
by lsadam0 10y ago
It's factually incorrect to say that transactions are untraceable. Every single transaction is logged on a public ledger. The only difficulty lies in establishing that a particular address belongs to a particular entity. KYC/AML does help in a large way in this regard.
However, even with this difficulty, it's still easier than tracing cash payments to a particular entity. If I pay someone in cash, under the table, good luck proving the cash was ever mine. I would wager the government would prefer criminals conduct their business in bitcoin.
If you don't like cryptocurrencies, thats fine, don't use them. I'm just asking that you do not misrepresent them with half truths in some fruitless attempt to show they are flawed when compared to cash.