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Originally Posted by myjah
How are purchases tracked/reported with crypto currencies? Is there a valid way to determine how much has actually been utilized for what? The idea is that purchases are anonymous right? So I'm curious as to how to find out real data on digital currency spent on adult, underground drugs, etc.
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The idea that crypto transactions (or at least Bitcoin transactions) are anonymous is a pretty big misconception, in fact EVERY SINGLE TRANSACTION on the blockchain can be viewed publicly. The anonymity comes in the fact that unless you disclose your Bitcoin address, no one necessarily knows the individuals involved in any transaction.
From
Blockchain.info's FAQs
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The blockchain is a public ledger of all transactions in the Bitcoin network. Blockchain.info allows you to navigate the bitcoin blockchain.
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