3 ms·
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
by paxys 8mo ago
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?
- npoc 8mo agoWhy would anyone accept a private key as payment? It's not very private if you gave it to me.
- basilikum 8mo agoTransferring private keys defeats the point of Bitcoin. The whole reason for the whole ledger and PoW thing is to prevent double spend. Lightning is an attempt to do that in a more efficient and potentially private way. But why would I ever accept your private keys as payment without transferring the coins out to my wallet on chain?
- deleted 8mo ago[deleted]