People are spending real $$$ on some virtual bits, lost somewhere in the cyberspace.
Kind of like building for real $$$ housing in cyberspace.
Nothing real!
The only people who take real advantage from bitcoin are the mafia/cartel people.
Bitcoin provides good vehicle for hiding, money laundering and transfer of ill gotten funds.
Bitcoin provides good vehicle for hiding, money laundering and transfer of ill gotten funds.
AI:
“Yes, Bitcoin is traceable because all transactions are recorded on a public ledger called the blockchain, which allows anyone to view transaction details. While Bitcoin addresses do not directly reveal identities, they can often be linked back to individuals through various methods, making it pseudonymous rather than anonymous....”
More:
https://coinpaper.com/12828/can-bitcoin-be-traced-how-transparent-is-the-blockchain