Topic: Bitcoin does not provide full anonymity - page 3. (Read 553 times)
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It's true that every transaction is registered on the blockchain and can be tracked, but transactions can only be traced back to the real user who carried them out, depending on the platform the person is using to exchange and hold their Bitcoin. Some mobile wallets have the ability to store someone's IP, which can be tracked. Secondly, if one is using some centralised exchange that compels users to carry out KYC, most of those CEX as well store users IP. The only thing is that most users are very reluctant about their privacy, and we are still using some services that can still track our real identities through our Bitcoin transactions.
The fact that people still don’t know what bitcoin is all about and compare the function to being anonymous baffles me a lot. There’s indeed privacy and security in bitcoin but that does not guarantee you enough privacy when banking on a centralized exchange where your identity would have been known by them. Privacy and safety of bitcoin is more linked to using decentralized exchange but your transactions can still be traced whereby the true identity can be known since it is not displayed like the public key they can use to trace the funds to ones wallet address. Bitcoin is not anonymous but it gives you total control of your own funds unlike the traditional fiat banks who owns the full possession of your funds..
Have you come across any statements from Satoshi indicating that Bitcoin transactions will be anonymous? I haven't found any such statements. If there are no statements by Satoshi regarding Bitcoin's anonymity, then creating posts like these seems pointless. Bitcoin is meant to be decentralized, allowing you to be your own bank through a non-custodial Bitcoin wallet. Therefore, you should prioritize protecting your own anonymity if you prefer not to reveal your involvement with Bitcoin.
Yes, absolutely right. But if one wants then he can completely remain anonymous as if he uses mixer to mix the coins and hence the Bitcoins cannot be tracked. Moreover now where ever you go, which service you use, you are asked for KYC, so yes without KYC you can’t withdraw Bitcoins into cash also. So practically if we see, then Bitcoins don’t exactly provide full anonymity. But it’s atleast better than these centralised banks.
There are also cryptos whose anonymity is much stronger than in Bitcoin. They are categorized as privacy coins. I think I can use them better if my goal is to hide my identity as they are straight to the point. There is no need for me to use a Bitcoin mixer as that is only a waste of time and a waste of money because these mixers are not free.I think that there are still platforms which doesn't asked a KYC or they are not mandatory like they can only come out once you are dealing with larger amounts. We must understand that Bitcoin was created to counter the centralized currencies or to remove the third party, so we should not expect other things to it.
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
You should try to separate the anonymous function from transactions, the blockchain is safe and is quite open to the public and if you intend to be more anonymous then do not use a centralized exchange that asks KYC to be completed, so you don't need to worry about tracking the transaction process that you run. Now there are many mixers that provide services without KYC and I think anonymity will be much safer when you use it. Transparent that is meant that all can be traced when we first download the wallet or after the transaction is carried out, but all that can be known is address the is not the actual identity of the owner of the address.Therefore avoid any exchange that request KYC if you want to look more anonymous, bitcoin is much more respectful of privacy but will be quite transparent when involved in transactions. At least this system is much better than the system that has ever existed, both products offered by the government and from any institution that moves in groups.
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
true, I agree with this statement. Apart from that, I think the involvement of KYC also makes transactions on exchanges not completely anonymous, especially the fact that the transactions we make can be tracked from address to address. It's just that, I think at the moment, it's not as important and people have adapted to that. However, you can use a mixer to completely disguise the transaction you're doing just and do peer to peer transactions, however, if you use an exchange that requires KYC, it's still possible to trace it, especially for government people on the management side. tax.What are mixers? Ha! They're just a short-term fix. It might hide the deal for a little while, but if the government wants to see, they will. Consider it. You're dancing in front of the whole world, with all eyes on you. All they have to do is flip a switch.
KYC is silly! A plan to keep the power structures in place and control the story. Its not about being safe; its about being in charge. Whoever thinks otherwise is just not seeing how the game is really being played. But go ahead and use that brief cover that a mixer gives you to feel better.
I don't know why people still think that Bitcoin is fully anonymous. It's transparent and decentralized, this is the power of Bitcoin. For full anonymity, there are other coins like Monero.
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
true, I agree with this statement. Apart from that, I think the involvement of KYC also makes transactions on exchanges not completely anonymous, especially the fact that the transactions we make can be tracked from address to address. It's just that, I think at the moment, it's not as important and people have adapted to that. However, you can use a mixer to completely disguise the transaction you're doing just and do peer to peer transactions, however, if you use an exchange that requires KYC, it's still possible to trace it, especially for government people on the management side. tax. 
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
Years ago people used to think that bitcoin was anonymous, nowadays everybody should know that it's not like that. You could try your best to remain anonymous by never using exchanges that required KYC and without buying online products that would be sent directly to your home address. If you are extremely careful maybe you could still remain anonymous at the end. hero member
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Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
Bitcoin is a decentralized coin and uses blockchain technology due to which all its transactions are stored on a distributed ledger. If you use a non-custodial wallet where you have only one private key, you don't need to do any KYC verification. And your wallet doesn't bear your name. so how someone can track your real identity? you can done bitcoin transaction totally in a anonymous manner. But if you want to make transactions that no one can anger, you can use private coins like Monero. no one will be able to track its transactions. But Bitcoin is fully decentralized so its transactions can always be publicly tracked and there is no way to stop it. 
It's not fully provide anonymity, but it provide anonymity on a certain ways, compared to the way that bank transfer move money from one account to another, those accounts has the full identity of its owner, Bitcoin doesn't and that is anonymity. It's true that the transaction is traceable but if the person chose not never to reveal or sign their address then no one could connect the address to anyone.
I think the whole idea of placing bitcoin as a pseudonymity and not fully anonymous is basically because of its usage, if you look at even the explanation people make that it is stored publicly on the blockchain you will still ask yourself ok if all the addresses becomes linked to each other can it be traced back to its owner, the Answer to that now is certainly based on the way the owner of the address uses it. If the owner transact or uses centralized exchanges with KYC protocol then it can simply be traced to such person but imagine someone using a decentralized exchange and doesn’t have any KYC linked with any platform then it will be hard to certainly get such person which in turn is full anonymity to me. So it is certainly a matter of choice.
To this day, this is still confusing some people, Decentralized is not anonymity, Bitcoin transaction is transparent, and your funds can be tracked, Stupid criminals use Bitcoin transaction because they believe no one is watching, and some got away because the amount of their money around is happening on daily basis but they can always be caught when their time is up, and every old transaction they did, even year's ago will still be on the blockchain.
Such people can only be caught if they mixed the coins and then send it to a centralized exchange or any wallet that has link with any exchange that the person provides their KYC to. Only centralized platforms can lock the funds but if it was send to a decentralized platform or even Wallet then I doubt that such funds can ever be recovered. You can only see the transactions on blockchain because it is public but tracing it to the owner is something else
It's not fully provide anonymity, but it provide anonymity on a certain ways, compared to the way that bank transfer move money from one account to another, those accounts has the full identity of its owner, Bitcoin doesn't and that is anonymity. It's true that the transaction is traceable but if the person chose not never to reveal or sign their address then no one could connect the address to anyone.
"Pseudonymity" is what makes Bitcoin so revolutionary! You have most of the facts right, but let's boil it down even more. When we look at the big picture of human history and development, systems are built on trust. Bitcoin, in all its glory, is a big change that combines private and trust.
Yes, the blockchain is transparent. Then what? The goal isn't to hide behind curtains, but to show that our banking system is broken. But even though Bitcoin is public, it gives you more protection than any bank account ever could. "Absolute anonymity" is just a childish wish. Every method leaves traces behind. If you don't like it, you might not like this crypto world. Change or you'll fall behind.
Actually not, it's because of Bitcoin is a decentralized currency, there's no decentralized currency before. Cash is something that could be pseudonymous because we don't know exactly the person we transact if we handle a lot trades, we only remember a little bit about the face, cloth etc, but we're don't remember exactly the face, the name, and any other identity.Yes, the blockchain is transparent. Then what? The goal isn't to hide behind curtains, but to show that our banking system is broken. But even though Bitcoin is public, it gives you more protection than any bank account ever could. "Absolute anonymity" is just a childish wish. Every method leaves traces behind. If you don't like it, you might not like this crypto world. Change or you'll fall behind.
Well absolute anonymity isn't a childish wish, you need to check Monero and Bisq.
"Pseudonymity" is what makes Bitcoin so revolutionary! You have most of the facts right, but let's boil it down even more. When we look at the big picture of human history and development, systems are built on trust. Bitcoin, in all its glory, is a big change that combines private and trust.
Yes, the blockchain is transparent. Then what? The goal isn't to hide behind curtains, but to show that our banking system is broken. But even though Bitcoin is public, it gives you more protection than any bank account ever could. "Absolute anonymity" is just a childish wish. Every method leaves traces behind. If you don't like it, you might not like this crypto world. Change or you'll fall behind.
Yes, the blockchain is transparent. Then what? The goal isn't to hide behind curtains, but to show that our banking system is broken. But even though Bitcoin is public, it gives you more protection than any bank account ever could. "Absolute anonymity" is just a childish wish. Every method leaves traces behind. If you don't like it, you might not like this crypto world. Change or you'll fall behind.
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
It's not really about anonymity. But about a system that is decentralized or not centralized. Bitcoin can be said to respect privacy more but is still transparent in the transaction process. And of course that is one of the many advantages that can be obtained simultaneously from using bitcoin. We can maintain the privacy of our identities, but we can still transact transparently and another advantage is that we are in full control of the assets we have in bitcoin. If we transact with random IP connectivity or through a VPN and also use Mixer then maybe users who want to remain anonymous can take advantage of it. 
What exactly is the point of the topic? Are you trying to state the obvious which is already an established knowledge or fact on this forum or are you asking a question? I would assume you are asking a question and try to provide answers from what I understand.
Bitcoin is not anonymous. It has never been and this is why it is easier to launder money using the US dollar and it will forever be untraceable than it is to use Bitcoin even when you use mixers it will still be tracked. So many mixers have been seized because this.
My first thought was that OP is new and doesn't yet really understand how this forum works. This should be moved to "Beginners & Help" if it's supposed to be an informative post.Bitcoin is not anonymous. It has never been and this is why it is easier to launder money using the US dollar and it will forever be untraceable than it is to use Bitcoin even when you use mixers it will still be tracked. So many mixers have been seized because this.
Bitcoin is commonly referred to as “pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct.
Saying it’s commonly referred to as Pseudonymous is something strange to me as, I can rightly say am hearing this for the first time in this thread which makes the term not so common or very suitable for this description.-cut-
What exactly is the point of the topic? Are you trying to state the obvious which is already an established knowledge or fact on this forum or are you asking a question? I would assume you are asking a question and try to provide answers from what I understand.
Bitcoin is not anonymous. It has never been and this is why it is easier to launder money using the US dollar and it will forever be untraceable than it is to use Bitcoin even when you use mixers it will still be tracked. So many mixers have been seized because this.
Bitcoin is not anonymous. It has never been and this is why it is easier to launder money using the US dollar and it will forever be untraceable than it is to use Bitcoin even when you use mixers it will still be tracked. So many mixers have been seized because this.
I also don't understand what OP is trying to tell us here. But when it comes to anonymity, cash offers much better anonymity than bitcoin or any other method, but we have never been informed by the government that cash has anything to do with criminals like what they are propagating about bitcoin. But I wonder, if we use bitcoin mixer, how can they be tracking us? Isn't a mixer the best solution so no one knows we are holding bitcoins? Many mixers have been shut down by the government because they fear and think criminals are using them to get around them, but I don't think only criminals use mixers but normal users also use them.
Bitcoin is commonly referred to as “pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct.
Saying it’s commonly referred to as Pseudonymous is something strange to me as, I can rightly say am hearing this for the first time in this thread which makes the term not so common or very suitable for this description.Quote
Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
Talking about additional information for the possibility of linking an address to a user, that’ll be doing KYC on centralized exchanges and the fiat account used in receiving payment from p2p transactions that has to do with fiat/btc/crypto transfer. Yeah, that’s possible, other scenarios is like we have on the forum but, that just ties an address to a user rather than actual physical identity.Where it really lies is, on an exchange and that’s why, not having a third party in a transaction is what should be but, the issue of trust in the space and who gets to exchange first often creates a log of problem.
Something users deal with case by case.
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
Most individual that have invested in Bitcoin already know that bitcoin doesn't offer full anonymity but that doesn't prevent us from investing in Bitcoin. We're not investing in Bitcoin because we want full anonymity but because we want full control of our money and Bitcoin offers that control fully therefore that's enough reason to invest in Bitcoin. We have to be careful individually so we don't exposed our Bitcoin address on social for it to be linked to us.
When an individual wants to improve their anonymity, they can make use of mixers or tumblers and make tracing of their transaction more difficult or impossible. The use of wallets that offers a new Bitcoin address for each transaction also helps in keeping us anonymous.
Yes, absolute anonymity is not an inherent aspect of the Bitcoin protocol, Bitcoin is transparent because all transactions can be traced and its many branches can be traced from the first day of the birth of the wallet, but all that can be known is the addresses only without knowing the true identity of the owner of the address.
The main problem lies in centralized third-party services that force users to submit to KYC, AML standards and force their users to apply them by providing official documents, if you use these centralized services once, this will lead to linking between your bitcoin addresses and your identity, and here privacy is eliminated in a way complete.
The main problem lies in centralized third-party services that force users to submit to KYC, AML standards and force their users to apply them by providing official documents, if you use these centralized services once, this will lead to linking between your bitcoin addresses and your identity, and here privacy is eliminated in a way complete.
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