(01-22-2021, 07:17 AM)The Real Marty Wrote:

(01-22-2021, 03:03 AM)Senor Fantastico Wrote: Bitcoin is completely traceable. Every transaction is recorded in the blockchain. 

The problem is with bitcoin wallets. They don't always verify identity so you can always see where a bitcoin went, just not who owns where it went, if that makes sense.

That may be true.  My knowledge of it is not complete.   But I do know that since there is no bank involved, the transaction and the identity of the transacting parties is not known to any banking system or government.  So, it's good for criminals.

That's not true either. Like I said, every transaction of every bitcoin is recorded in the blockchain, and is available to the public at all times.

I'd guess the vast majority of digital wallets are regulated now as well. I know I had to submit quite a bit of info for Coinbase, but I'm sure workarounds still exist there.

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