1541
We live in the future!
(thelemmy.club)
cross-posted from: https://lemmy.world/post/9525207
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Jun 2026
1541 points (98.1% liked)
Programmer Humor
32642 readers
2187 users here now
Welcome to Programmer Humor!
This is a place where you can post jokes, memes, humor, etc. related to programming!
For sharing awful code theres also Programming Horror.
Rules
- Keep content in english
- No advertisements
- Posts must be related to programming or programmer topics
founded 3 years ago
MODERATORS
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.
thats the point, its decentralized
anything is traceable IF you have a special position in the transactions
monero, as an example, lets you run your own node
Monero is untraceable (if you don't use a KYC exchange to get it), but Monero isn't "most" crypto.
You said crypto, in general, is mostly untraceable and that's very very wrong.
Monero is the exception, not the rule.