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We live in the future!
(thelemmy.club)
cross-posted from: https://lemmy.world/post/9525207
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this post was submitted on 18 Jun 2026
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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.