And the fact that the transaction history of
each bitcoin is traceable puts the fungibility of all bitcoins at risk.
Additionally, the fact that the transaction history of
each bitcoin is traceable puts the fungibility of all bitcoins at risk.
Bitcoin is both traceable and generally fungible, i.e. mutually interchangeable (though to be fair these characteristics can conflict with each other).
Not exact matches
But Kathryn Haun, a former federal prosecutor who signed off on the indictment, says Vinnik's use of
Bitcoin helps clearly connect him to the crime: «At first blush what seemed unsolvable turned out to
be traceable through the use of digital currency.»
Because the currency
is virtual and independent of government regulation, my
Bitcoin gains
are not
traceable by the IRS or any other government agency.
But it presents a double bind:
bitcoin is pseudonymous, allowing folks to buy meth with a degree of privacy, but it
's also set up so that every transaction
is traceable on a public ledger called the blockchain — not exactly ideal if you never, ever, ever want anybody finding out about your online habit.
The
bitcoins you buy from us
are also
traceable.
Unlike
Bitcoin, which keeps all transactions on a public ledger, Monero transactions
are not
traceable.
A
traceable form of cyber money,
Bitcoins can
be purchased and used much like hard currency to pay for goods and services, mostly over the Internet.
More importantly,
bitcoin is also uniquely
traceable and transparent.
Bitcoin is perfectly
traceable and a far cry from anonymous.
Having a
traceable ledger of every
bitcoin transaction ever conducted allows law enforcement to «follow the money» in a way that would never
be possible with cash.
Bitcoin itself
is inherently
traceable and transparent.
Sure, a
bitcoin transaction
is only
traceable in terms of what wallet sent how much to which other wallet but the identity of wallet holders, in many cases,
is available for anyone that
is willing to do a bit of digging and, as
bitcoin becomes more and more mainstream, this identity issue
is only going to expand.
Having a
traceable public ledger of every
Bitcoin transaction ever conducted allows law enforcement to «follow the money» in a way that would never
be possible with cash.
Having a
traceable public ledger of every
bitcoin transaction ever conducted allows law enforcement to «follow the money» in a way that would never
be possible with cash.