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.

[–] explodicle@sh.itjust.works 2 points 1 day ago (1 children)

For laypersons: they put all the coins in a box and shake the box.

[–] Nouvellalia@lemmy.world 2 points 1 day ago

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.

[–] IAMgROOT@lemmy.wtf 1 points 1 day ago (1 children)

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

[–] prole@lemmy.blahaj.zone 1 points 14 hours ago

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.