It is very traceable. It’s just that the government doesn’t have a special position with tracing transactions, so there’s been a bunch of kludges built on top of the very transparent Bitcoin network to try to mask things.
For your lay: the government puts a significant fraction of the coins into these boxes and can use the statistical information gained from this to deobfuscate transactions. If you put enough money in, either at once or slowly over time, they can figure out who you are.
“criminals” = people the goverment doesnt like crypto is untraceable (mostly)
I think thats why there are so many smear campaigns against it
It is very traceable. It’s just that the government doesn’t have a special position with tracing transactions, so there’s been a bunch of kludges built on top of the very transparent Bitcoin network to try to mask things.
For laypersons: they put all the coins in a box and shake the box.
For your lay: the government puts a significant fraction of the coins into these boxes and can use the statistical information gained from this to deobfuscate transactions. If you put enough money in, either at once or slowly over time, they can figure out who you are.