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by paxys 122 days ago
The ledger is traceable, the coin is not. Not all transactions have to happen on the blockchain. In fact very few do.

If I put $80m worth of BTC in my hardware wallet and physically hand it to you in exchange for a truck full of black market rockets, who is going to trace it?
2 comments
basilikum 121 days ago
Transferring private keys defeats the point of Bitcoin. The whole reason for the whole ledger and PoW thing is to prevent double spend.

Lightning is an attempt to do that in a more efficient and potentially private way. But why would I ever accept your private keys as payment without transferring the coins out to my wallet on chain?

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npoc 122 days ago
Why would anyone accept a private key as payment? It's not very private if you gave it to me.
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