All they need is your wallet address. They can easily correlate wallet addresses to people and/or corporations. All transactions are on the public ledger. Bitcoin is not private at all. Every transaction is public. It's the perfect tool to track and trace everyone.
Private coins like Monero or pirate chain address these problems. Bitcoin is not it. Should not be worth what it is. It's value is running entirely on brand recognition and blind faith.
Very traceable
If it’s on the internet (anything) I’m pretty sure it’s traceable lol
And if I send a bitcoin to a website that mixes all the coins and sends me back the same amount randomly, for a small fee. How do you trace that?
Lol the small fee is a start But I’m assuming you have a profile and an ‘identity’ through this website?
From your wallet, to another wallet, back to your wallet.
All they need is your wallet address. They can easily correlate wallet addresses to people and/or corporations. All transactions are on the public ledger. Bitcoin is not private at all. Every transaction is public. It's the perfect tool to track and trace everyone.
Private coins like Monero or pirate chain address these problems. Bitcoin is not it. Should not be worth what it is. It's value is running entirely on brand recognition and blind faith.