#Bitcoin is unware of KYC, but KYC + blockchain analytics can trace an individuals funds rather successfully. Of course, the user can always use #coinjoin to nueter these heuristics, effectively providing the same level of privacy as #Monero supposedly does. The real problem folks run into is the repatriation of mixed sats into the fiat system.
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I wouldn't go as far as to say WEF/GreatReset wet dream, as #Bitcoin cannot be prevented from being spent within the #Bitcoin economy. When countries blacklist #Bitcoin, they only prevent it from being spent within their local fiat economy. This actually has the effect of sending the #Bitcoin to freeer markets.
They can only trace bitcoin movement from one address to another.
Proving ownership is actually super difficult unless you disclose your addresses through KYC.
So if you needed to have a private TX there isn't anything anyone can do to stop you from obtaining Bitcoin not attached to your identity.
If you bring in CJ, my point only gets stronger - yet I can make my point regardless 🤔
"Disclose your addresses through KYC"
You dont think exchanges are recording withdraw addresses?
You can just spend it, what are they gonna know from that spend?
I was pretty clear though, nonkyc btc is easy to obtain...
First part is true. Second sentence isn't.
Amounts and addresses are completely hidden on Monero. Bitcoin is a public blockchain. The transaction graph is completely open for anyone to see. Nothing is hidden. Obfuscation is a weaker form of privacy that can be undone by surveillors with more data or user mistakes. And it happens often enough.
