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If a user has a reasonable knowledge of bitcoin, they can't. They can monitor it only when it hits the existing financial structure. If you don't cross through
by hitchhiker999 13y ago
If a user has a reasonable knowledge of bitcoin, they can't. They can monitor it only when it hits the existing financial structure. If you don't cross through that, they (in effect / in most cases / under normal circumstances) can't really see it.
- PeterisP 13y agoThey can monitor it when it hits the real world, i.e., as soon as you want any actual goods or services instead of just a virtual coin. Noone in IRS cares if you hide $100 or $1000; but for large amounts the spending is traceable.