upvote
That's like saying every currency note is traceable because it has a serial number. If someone hands you a dollar today can you trace it starting from where it was printed to everything it was used for until it eventually got into your hands?

Yeah you can look up bitcoin wallet IDs on the ledger, but you can also generate an unlimited number of wallets, and pass coins in any combination through any number of mixers and tumblers, and exchange it between multiple currencies (some of them truly untrackable). If people or organizations want to stay anonymous in the crypto ecosystem they can very easily do so.

reply
The difference is that with cash we don't write the serial number of every bill for every transaction in an easily-accessible central ledger. There's no such thing as an off-the-books Bitcoin transaction, by nature.
reply
Except none of that happened. It didn't stay anonymous, it just went to Iran.
reply
Did not happen != cannot happen
reply
A lot of things can happen, but what did happen is the coins went to Iran.
reply
deleted
reply
Well, that depends on which cryptocurrency is used, doesn't it?
reply
Not if they used Monero
reply