Anonymous…

Distributed ledger…

It’s not really anonymous.

John Smith or 253832893 means exactly the same thing without more context. The only way you can tell you have the right John Smith is because we have 253-83-2893 as a social security number (lol social security system).

But if I see 253832893 on the Crypto ledger, I know 253832893 made a transaction. It could say John Smith and I’d be basically in the same spot of figuring out who it was.

Now, if 253832893 wallet paid a home mortgage for John Smith with Crypto, then I’d be closer to figure out who owns 253832893 wallet.

The whole point to Crypto is the block chain and the fact that they are very traceable.

Crypto can be anonymous if you’re smart and you don’t link yourself to your wallet. But once you are linked to a wallet, it is far from anonymous.

If John Smith wanted to sell me cocaine. Handing him cash is basically untraceable and anonymous. Sending him Crypto ties my wallet to his wallet with a transaction. If the cops seized his wallet and somehow figured out my wallet, they could tell every single time I purchased cocaine from him.

Yes, you can do your best to keep your name unlinked to your wallet number. But it’s not foolproof. For example, if I was buying cocaine I wouldn’t use my main Crypto wallet but a side wallet. If you only used it to pay for cocaine and filled the side wallet in an untraceable way. It’s pretty anonymous.

But to those people that fill their Crypto wallets with their bank account and just think they are anonymous, they have another thing coming if someone wants to trace them.