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 22 hours ago (1 children)

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

[–] Nouvellalia@lemmy.world 0 points 20 hours 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 22 hours ago

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