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Bitcoins are made, literally, of nothing but tracability.
by clavalle 13y ago
Bitcoins are made, literally, of nothing but tracability.
- alayne 13y agoI'm disputing the article's statement that "cash is a 100% anonymous and untraceable payments technology"
- kbenson 13y agoTrue, it's not always 100% untraceable, but it is in the very high nines. From the serial we know where it was printed, and it may occasionally be tagged as it goes through various systems (if ATMs don't scan for serial and track incoming and outgoing bills, I imagine it's just a matter of time), but there's still many methods of getting cash that do not link a serial number to you directly (and in most cases not indirectly either). Getting cash from a human bank teller, change from a high cash-flow business, etc.