So Alice pays X amount to Bob at Y time, that's all you know, now what happened here? what did Alice pay for?, who is Alice? who is Bob? So many questions and no answers.
There's only one transaction between Alice and Bob, and the amount is the amount they sent between each others, not the full wallet balance. This is because Alice and Bob are not dumb enough to not follow best practice which has been standard in almost every wallet for years now, which is to generate a new public address for every transaction. You haven't followed the development it seems.
Besides, in terms of taxation and public spending, a public chain with reused addresses would be a great way for people to see exactly how their tax money is spent.
A private key can have infinite public keys attached to it, and that's literally best practice as of today in every major wallet software, and has been for years now.
Sure if you for some reason don't use this strategy and only use one public key you may get tracked or blacklisted by centralized KYC exchanges, should be added, and never by the blockchain itself.
Native on chain payments and the lightning network will always accept your transaction, no matter what because none of those has any blacklisting features.
If a bank gets robbed and cash gets stolen they could easily blacklist the serial numbers of the stolen bills too and you risk getting arrested if you for some reason comes over one of those bills and some store recognize the serial number. Same with gold bars, they typically have a mark on them, so you gotta melt it and reshape before you can use it.
You're demanding a level of privacy and fungability no existing medium of exchange will offer you just like that unless you're aware of the flaws and avoid taking stupid risks, which btw is how criminals get caught. If this is such a major concern for you, then why don't you just use Monero instead of Bitcoin?
So Alice pays X amount to Bob at Y time, that's all you know, now what happened here? what did Alice pay for?, who is Alice? who is Bob? So many questions and no answers.
There's only one transaction between Alice and Bob, and the amount is the amount they sent between each others, not the full wallet balance. This is because Alice and Bob are not dumb enough to not follow best practice which has been standard in almost every wallet for years now, which is to generate a new public address for every transaction. You haven't followed the development it seems.
Besides, in terms of taxation and public spending, a public chain with reused addresses would be a great way for people to see exactly how their tax money is spent.
A private key can have infinite public keys attached to it, and that's literally best practice as of today in every major wallet software, and has been for years now.
Sure if you for some reason don't use this strategy and only use one public key you may get tracked or blacklisted by centralized KYC exchanges, should be added, and never by the blockchain itself.
Native on chain payments and the lightning network will always accept your transaction, no matter what because none of those has any blacklisting features.
If a bank gets robbed and cash gets stolen they could easily blacklist the serial numbers of the stolen bills too and you risk getting arrested if you for some reason comes over one of those bills and some store recognize the serial number. Same with gold bars, they typically have a mark on them, so you gotta melt it and reshape before you can use it.
You're demanding a level of privacy and fungability no existing medium of exchange will offer you just like that unless you're aware of the flaws and avoid taking stupid risks, which btw is how criminals get caught. If this is such a major concern for you, then why don't you just use Monero instead of Bitcoin?