I'd say it's really a mix here: It's traceable enough to make Phil uncomfortable, but not every criminal will know it's traceable (especially by government agen

I'd say it's really a mix here: It's traceable enough to make Phil uncomfortable, but not every criminal will know it's traceable (especially by government agencies). Your point is the big one though - one cannot suddenly, unexpectedly, and without a history of doing so, transfer six-figure sums without traditional financial institutions looking at said transaction fairly closely. Bitcoin doesn't have this drawback