While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.
However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place.
Topic: Bitcoin and anonymity - page 2. (Read 591 times)
To learn more about Bitcoin and its Anonymity features, check out my Medium post: /dqKGio]Bitcoin and Anonymity
Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalksearch.org/topic/m.25386090
And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient?
Thoughts?
I am also learn your Anonymity and Bitcoin and I am try to Understand that. Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalksearch.org/topic/m.25386090
And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient?
Thoughts?
Maybe there are other coins that offer more privacy but they are not old and famous as Bitcoin.
Bitcoin is the most trusted coin. it is affordable to everyone.
Cryptocurrency users look for anonimity and Bitcoin afford the minimum required.
I thinl the biggest advantage of Bitcoin is decentralization.
Bitcoin is the most trusted coin. it is affordable to everyone.
Cryptocurrency users look for anonimity and Bitcoin afford the minimum required.
I thinl the biggest advantage of Bitcoin is decentralization.
Well yeah, I think this is the big reason that people are sticking with it. Bitcoin offers enough for most users.
Maybe there are other coins that offer more privacy but they are not old and famous as Bitcoin.
Bitcoin is the most trusted coin. it is affordable to everyone.
Cryptocurrency users look for anonimity and Bitcoin afford the minimum required.
I thinl the biggest advantage of Bitcoin is decentralization.
Bitcoin is the most trusted coin. it is affordable to everyone.
Cryptocurrency users look for anonimity and Bitcoin afford the minimum required.
I thinl the biggest advantage of Bitcoin is decentralization.
If they keep quiet and not tell anyone their Bitcoin address then they can stay anonymous. That is why most people like using Bitcoin for certain transactions.
How do you cash out bitcoin then? If you use an exchange they will have your connected ID. If you sell in person, someone will see you etc If they keep quiet and not tell anyone their Bitcoin address then they can stay anonymous. That is why most people like using Bitcoin for certain transactions.
How do you cash out bitcoin then? If you use an exchange they will have your connected ID. If you sell in person, someone will see you etc
Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue.
Yes and in my Medium article I talked alot about this. You dont have to be a "scammer" to utilize anonymous transactions. Lots of people dont want others to know their wealth for obvious reasons and businesses wouldn't want competitors to see balances.
Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue.
Yes and in my Medium article I talked alot about this. You dont have to be a "scammer" to utilize anonymous transactions. Lots of people dont want others to know their wealth for obvious reasons and businesses wouldn't want competitors to see balances.
Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue.
It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder.
That’s bad news for people hoping to keep their Bitcoin purchases anonymous. But even when the exact transaction is kept hidden, it is still possible to make the link when the leak includes the amount and time of the purchase.
This is true which is why mixers are in place to try and jam this. I think for most this limited anonymous transaction is fine.
That’s bad news for people hoping to keep their Bitcoin purchases anonymous. But even when the exact transaction is kept hidden, it is still possible to make the link when the leak includes the amount and time of the purchase.
As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think.
Cryptocurrencies were designed as a unit of exchange and as a place to store assets without relying on a central bank. Its users are anonymous and no any personal details are shared when you have transactions which is one of the cool part in bitcoin and other cryptos. But others take advantage on it and used it in criminality which is the bad part of this world.
Well, bitcoin can support anonymity but the main problem is that every transaction is publicly logged. Anyone can see the flow of Bitcoins from address to address. Alone, this information can't identify anyone because the addresses are just random numbers. However, if any of the addresses in a transaction's past or future can be tied to an actual identity, it might be possible to work from that point and guess who may own all of the other addresses. This identity information might come from network analysis, surveillance, or just Googling the address. The officially encouraged practice of using a new address for every transaction is designed to make this attack more difficult. If your balance has been contaminated by both anonymous and non-anonymous coins, you may take action to make it "clean".
Bitcoin will be anonymous to a certain degree but there will always be a trail back at some point if you are not careful. For some they want that full anonymity for others it's just a plus point.
I agree. Some people do not care as much about it, and so the fact that it doesnt directly link to your identity is perfect for most people.
Bitcoin will be anonymous to a certain degree but there will always be a trail back at some point if you are not careful. For some they want that full anonymity for others it's just a plus point.
I don't trust in any anonymity! Never it will be anonymous! I am sorry lady and gentlemen s but it is my opinion! Every action are under total control! In some counties you cannot do nothing without cards, bankers, documents they effort you play open! I don't believe in anonymous fairy tales! Sorry
Use Monero, PIVX, SHIELD, SAFEX or something like that.
Crypto Community for Beginners: CryptoSmart HUB https://discord.gg/jyTXVWz
Crypto Community for Beginners: CryptoSmart HUB https://discord.gg/jyTXVWz
I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that
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