Post
Topic
Board Bitcoin Discussion
Re: What is the fate of Scammers if bitcoin later becomes a traceable Currency.
by
julius caesar
on 25/12/2019, 07:49:42 UTC
Bitcoin as a currency that is decentralized, they is no Headquarters for Bitcoin and it has no Central office where they distribute information concerning Bitcoin, Like illicit transactions that money was lost but recovered after some investigations through the distributed information.

like someone said on my previous thread that more people will be comfortable using bitcoin if these features comes into place.

Share your thoughts.
Actually almost all of your transaction is traceable in bitcoin. The only thing that they cannot do is to retrieve their lost coin if someone scam them using beautiful words. That is the only problem if the currency that you have is decentralized. No government is involved and you cannot complain if something happens to your money whether it is stolen or sent to the wrong address.