Revenue Canada says BitCoins aren't tax exempt

[joshcryer]

15. That sets up an identity and yes you can trace it.

Transactions have been traced before to threaten cheaters to pay up, but that only works if said cheaters don't anonymize their IP and allow other information out in the wild (such as a picture of their house, their car, themselves, a username linked to a hotmail account or whatever). If they present themselves as nothing but the wallet hash, which is randomly created, then no one will be able to figure out who they were or even what the transaction was for.