With bitcoin, i believe it is more of a privacy thing than anonymity. To be private is different from being completely anonymous. If you are private, there is a restricted access to you, but if you are anonymous, there is usually no way to be accessed.
Also, you can stay private with bitcoin transactions but not completely anonymous because if need be, you can be traced by the authorities who have alligned themselves with some technologies to do so, that is not anonymity.
Topic: Anonymity and Privacy while using Bitcoin. Which one is the right word to use? - page 2. (Read 171 times)
June 17, 2021, 08:13:45 PM
June 17, 2021, 07:11:05 PM
Privacy and anonymity are different and I think anonymity is at higher level than privacy.
What Satoshi Nakamoto achieved is anonymity. Satoshi managed to keep all activities on Tor and all things are anonymously. 12 years later, none of us can identify who is Satoshi Nakamoto.
If you leak your privacy, from evidence experts can trace them along the way and figure out who you are. From broken privacy, then you will likely have broken anonymity as consequences.
What Satoshi Nakamoto achieved is anonymity. Satoshi managed to keep all activities on Tor and all things are anonymously. 12 years later, none of us can identify who is Satoshi Nakamoto.
If you leak your privacy, from evidence experts can trace them along the way and figure out who you are. From broken privacy, then you will likely have broken anonymity as consequences.
June 17, 2021, 06:52:55 PM
Bitcoin's privacy level is dependent on the user's behavior and full anonymity cannot be achieved. So I think the closest we can get is the "privacy" term, because anonymity is not present in BTC's current blockchain.
You seek privacy when you want people to simply not know why you're moving money or what other addresses you own. You seek anonymity when you want everything about your finance to be hidden.
You can't be anonymous if everything is transparent. Anonymity is wearing a full on cloak. You're hidden from others and nobody knows anything about you. Privacy means having just a little wall between you and others. They know you're there, but they can't do much more than that unless you leak crucial information yourself.
You seek privacy when you want people to simply not know why you're moving money or what other addresses you own. You seek anonymity when you want everything about your finance to be hidden.
You can't be anonymous if everything is transparent. Anonymity is wearing a full on cloak. You're hidden from others and nobody knows anything about you. Privacy means having just a little wall between you and others. They know you're there, but they can't do much more than that unless you leak crucial information yourself.
June 17, 2021, 06:43:19 PM
So long as the addresses involved are not connected to any centralized service. There is no way the public can know about the identity of the sender and receiver of a bitcoin transaction.
If you send bitcoins to a merchant (for example), who isn't "centralized service", the public can still know your identity if the merchant makes the transaction public.
Furthermore, while individual leaks of privacy and anonymity might seem small and inconsequential, a dedicated and comprehensive effort by any entity, such as Facebook, Google, or a blockchain surveillance company, can uncover information about you and your identity, by collecting and analyzing huge amounts of data.
June 17, 2021, 06:41:42 PM
If the transaction is not linked to your identity, it is still because you maintain privacy because no one will disturb you of anything.
I mean, how do you maintain privacy minus people tracking your address? As soon as you buy BTC let's say using p2p. It means the other party who sold you the Bitcoins now knows your address and how you are probably going to spend Bitcoins in your transactions, even if you are anonymous.I don't think that's privacy. The bitcoin blockchain is transparent. I personally don't think transparency and privacy can be in the same sentence, but transparency and anonymity can.
No, it is private. Example of anonymous transactions are that of monero in which no record of public ledger, so nothing known about the transaction.
Do not get it confused. The question people always ask is 'is Bitcoin transaction anonymous? Not is 'the person making use of Bitcoin anonymous'? Bitcoin transactions are not anonymous but the person making use of it in a way the Bitcoin is not linked to him is anonymous, while the person needs to maintain privacy in order to remain anonymous, but Bitcoin transaction itself is not anonymous.
Do not get it confused. The question people always ask is 'is Bitcoin transaction anonymous? Not is 'the person making use of Bitcoin anonymous'? Bitcoin transactions are not anonymous but the person making use of it in a way the Bitcoin is not linked to him is anonymous, while the person needs to maintain privacy in order to remain anonymous, but Bitcoin transaction itself is not anonymous.
What you are saying about Monero transactions is that they are rather private and anonymous if the parties in the transaction decide to be anonymous. Anything or transaction that has no public record or can't be viewed by the public is private, but something or transaction or donation can be anonymous and at the same time the transaction or what is donated can be viewed by the public.
Am not confused but from my understanding an anonymous transaction is a right term too, just like you have heard about an anonymous donation (you know what the donation is but the person who sent it is anonymous)
you just have to avoid any transactions that will make you input your name. this is hard to do whenever you want to cash out actually. p2p isn't private too. just like exchanges, they keep records. when kyc is submitted, they own it.
keep an account where you can disclose to any 3rd party which has enough funds no one will bat an eye. then also create a wallet where you could also keep privacy.
June 17, 2021, 06:19:09 PM
If the transaction is not linked to your identity, it is still because you maintain privacy because no one will disturb you of anything.
I mean, how do you maintain privacy minus people tracking your address? As soon as you buy BTC let's say using p2p. It means the other party who sold you the Bitcoins now knows your address and how you are probably going to spend Bitcoins in your transactions, even if you are anonymous.I don't think that's privacy. The bitcoin blockchain is transparent. I personally don't think transparency and privacy can be in the same sentence, but transparency and anonymity can.
No, it is private. Example of anonymous transactions are that of monero in which no record of public ledger, so nothing known about the transaction.
Do not get it confused. The question people always ask is 'is Bitcoin transaction anonymous? Not is 'the person making use of Bitcoin anonymous'? Bitcoin transactions are not anonymous but the person making use of it in a way the Bitcoin is not linked to him is anonymous, while the person needs to maintain privacy in order to remain anonymous, but Bitcoin transaction itself is not anonymous.
Do not get it confused. The question people always ask is 'is Bitcoin transaction anonymous? Not is 'the person making use of Bitcoin anonymous'? Bitcoin transactions are not anonymous but the person making use of it in a way the Bitcoin is not linked to him is anonymous, while the person needs to maintain privacy in order to remain anonymous, but Bitcoin transaction itself is not anonymous.
What you are saying about Monero transactions is that they are rather private and anonymous if the parties in the transaction decide to be anonymous. Anything or transaction that has no public record or can't be viewed by the public is private, but something or transaction or donation can be anonymous and at the same time the transaction or what is donated can be viewed by the public.
Am not confused but from my understanding an anonymous transaction is a right term too, just like you have heard about an anonymous donation (you know what the donation is but the person who sent it is anonymous)
June 17, 2021, 05:20:39 PM
Being anonymous is staying unknown to the world. This means what we've done is visible to the world, but who has done is unknown to the world.
When we talk about privacy. It is a concealed think, only if the person himself reveals it gets known to the rest. As of now anonymity is the term that is right for the usage with bitcoin as it doesn't provide with the perfect privacy for the user.
When we talk about privacy. It is a concealed think, only if the person himself reveals it gets known to the rest. As of now anonymity is the term that is right for the usage with bitcoin as it doesn't provide with the perfect privacy for the user.
June 17, 2021, 05:11:44 PM
Here's what I think. Since the Bitcoin blockchain is a public ledger, transactions are not private, anyone can observe any transaction and any address using blockchain explorers. So even if the owners of the sending and receiving addresses are not known, the transaction is still not private. People can still be able to see the amount of Bitcoin spent and the time it was spent.
If the transaction is not linked to your identity, it is still because you maintain privacy because no one will disturb you of anything. No thief will come to your house for your coin. If you have ways to increase your privacy online and no one will know about you, which means no one will disturb you. Only what they can see on ledger are transactions, not you, which means privacy. So long as the addresses involved are not connected to any centralized service. There is no way the public can know about the identity of the sender and receiver of a bitcoin transaction. Therefore, i think bitcoin transactions are sometimes anonymous and not private
No, it is Do not get it confused. The question people always ask is 'is Bitcoin transaction anonymous? Not is 'the person making use of Bitcoin anonymous'? Bitcoin transactions are not anonymous but the person making use of it in a way the Bitcoin is not linked to him is anonymous, while the person needs to maintain privacy in order to remain anonymous, but Bitcoin transaction itself is not anonymous.
June 17, 2021, 04:59:17 PM
Over the years, people have interchangeably mixed up Privacy and Anonymity in regard to Bitcoin transactions. My native language is not English, so I would like to know from community members. Which is the right word to use?
According to Oxford Dictionary;
Privacy
Here's what I think. Since the Bitcoin blockchain is a public ledger, transactions are not private, anyone can observe any transaction and any address using blockchain explorers. So even if the owners of the sending and receiving addresses are not known, the transaction is still not private. People can still be able to see the amount of Bitcoin spent and the time it was spent.
Anonymous
Anonymity from Wiki
So long as the addresses involved are not connected to any centralized service. There is no way the public can know about the identity of the sender and receiver of a bitcoin transaction. Therefore, i think bitcoin transactions are sometimes anonymous and not private
What do you think, members?
According to Oxford Dictionary;
Privacy
Quote
a state in which one is not observed or disturbed by other people.
Here's what I think. Since the Bitcoin blockchain is a public ledger, transactions are not private, anyone can observe any transaction and any address using blockchain explorers. So even if the owners of the sending and receiving addresses are not known, the transaction is still not private. People can still be able to see the amount of Bitcoin spent and the time it was spent.
Anonymous
Quote
(of a person) not identified by name; of unknown name.
Anonymity from Wiki
Quote
Anonymity describes situations where the acting person's identity is unknown
So long as the addresses involved are not connected to any centralized service. There is no way the public can know about the identity of the sender and receiver of a bitcoin transaction. Therefore, i think bitcoin transactions are sometimes anonymous and not private
What do you think, members?
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