i have a question, if bitcoin is for privacy yet we can see the transactions on the "node".....how is that private?
Discussion
Bitcoin isn't private. It's public. It's not anonymous. It's pseudonymous. Meaning you can track a transaction, but you don't know who made it unless that person or entity publicly ties themselves to it. (KYC etc.)
ok but is it still kind of traceable if you lets say are already watching certain people?
If you know an address I own, you could watch my transactions, but would not know who I sent money too unless they too have their addresses known.
