3 ms·
>you can today exchange btc for monero, ethereum or whatever and back again and it's virtually untrackable who owns it or where it came from. I don't get why p
by madamelic 6y ago
>you can today exchange btc for monero, ethereum or whatever and back again and it's virtually untrackable who owns it or where it came from.
I don't get why people buy into this idea that BTC is super-hacker-cash that can't be traced.
BTC can be traced. That's the point of an open ledger. If you want 'untraceable' BTC, you have an big burden to do so (buy it for cash in a parking lot with no cameras and using an alias).
The problem is the second you start buying things with the BTC and sending them to your house, your anonymity is shot.
There are coins (like Monero) whose purpose is to make transactions more untraceable but BTC is intended to be traced.
- alwillis 6y agoIf you want 'untraceable' BTC, you have an big burden to do so (buy it for cash in a parking lot with no cameras and using an alias). How about a decentralized peer-to-peer exchange that runs over Tor? There's an app for that: https://bisq.network https://bisq.network