Bitcoin spending and transaction can be traceable

It seems that Bitcoin is only designed to eliminate the need for centralized issuer and central authority, but not anonymity, which is a common misconception among internet users as according to one of its developers (Jeff Garzik), transaction is recorded in public log and although the identity of the parties involved can’t be directly identified, the transaction can be easily traced and linked to other accounts through data mining and statistical analysis.

So it is harder to stay anonymous in transactions that involve large currency value.

bitcoinBitcoin is not anonymous

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