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How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity (www.wired.com)

submitted 11 months ago by [email protected] to c/[email protected]

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"This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system."

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[–] [email protected] 3 points 11 months ago* (last edited 11 months ago)

Unless I'm mistaken, you still can't unless you are using an on/off-ramp with AML/KYC. You can track it back to a wallet, but until the person interacts with an entity that requires identification in order to buy/sell the crypto for actual useful currency, they're unidentifiable. I guess you'd prob want to use a VPN as well.

At this point, the only real way to avoid that would be peer-to-peer transactions. Basically meeting someone in person and trading your crypto for physical cash.