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by deadmik3 2476 days ago
if I have a wallet on my computer and send it to your wallet on your computer that would be anonymous.

it's when you connect the transaction to some bank (like, when you transfer from the wallet on your computer to Coinbase where they have your tax ID number, then withdraw to your real-world bank) that it can be so easily traced.

but if you just keep some btc in a wallet and do business out of that it's effectively cash. even if you bought bitcoins on Coinbase then transferred to your local wallet, once it leaves Coinbase the wallet ID itself doesn't have anything tying it to the laptop in your friend's basement in Brazil. from there who knows where it goes, I just bought pizza with it officer idk what the guy who sold me the pizza spent it on

a transaction ledger itself isn't inherently identifiable. otherwise we would know who just transferred $1B+ in this article and not have a bunch of comments wondering who it is lol