The word you're looking for is pseudonymous. This is a feature and a flaw.
In my opinion, it was only intended as a proof of concept, but that escalated as people saw it was reliable. Longest most secure chain, etc.
How you use it is up to you. If I had btc and hadn't had that boating accident, I would only convert bits now and then to Dash or Monero and spend like that. That is a more convincing use case.
The open ledger is designed to show market concentration. Which it does. Read the papers about how payments can be traced, even after mixing.
Read the papers about how payments can be traced
Being traced is different from being tracked to an individual. Being traced was only to ensure that the transaction was valid within the system and not to identify the individuals engaging in the transaction.
Only in some small degree, and most bitcoiners know this, at least now. All the largest account holders have been named, as have the exchanges.
Like I saod, you need to read the papers to see how payments are tracked, even when split and recombined. Nowadays the AML and KYC reqs are there because they know most people buy through exchanges. Not from their mate or at localbitcoins. Bisq will be useful in the future for working around this.
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