Topic: Bitcoin does not provide full anonymity - page 4. (Read 553 times)
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.
Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct.
If you really understand this your statement made then i don't think you will have to create this topic for any reason, blockchain is publicly open and secured, if you think you want more privacy with transactions, run your full node, make use of layer 2 transaction or better make use of a bitcoin mixer.
Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups.
Should in case you don't want that, then refer to my first reply quote above.
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 is by running a full node, thinking about privacy then go get bitcoincore software and download it to run a full privacy node
Correct, now what?
There have been many thread pointed out if Bitcoin is pseudonymous and not an anonymous coin, even though there are still few users wrote Bitcoin is a privacy coin or something like that, there's always an old user corrected that mistake.
I mean, I don't see a good point or something that make me learn a new thing.
There have been many thread pointed out if Bitcoin is pseudonymous and not an anonymous coin, even though there are still few users wrote Bitcoin is a privacy coin or something like that, there's always an old user corrected that mistake.
I mean, I don't see a good point or something that make me learn a new thing.
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 is not necessarily a bad thing. There are fully anonymous chains (the most famous one is monero) too but they are not as widely adopted as bitcoin. It is because we still have to pay taxes and the government wants to know who their business partners are ( the taxpayers) KYC is becoming huge lately and anonymous chains like monero are dying off slowly. (pretty sad imo) In the end bitcoin's semi-anonymity will help it to survive through this mess. Would it be better if the government banned crypto completely? At least we still can trade and do business with bitcoin.
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.
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.
Those transactions are just addresses of the wallets on them and not the name of the owner of that wallet, the reason that bitcoin transactions can be traced to a person is because they did a transaction on a website that has some sort of KYC policy so some people who transacts in bitcoin gets identified by cyber forensics, still better than using a credit card though, one swipe and they'll know what's your location. If you're really concerned about your privacy then using a bitcoin mixer might help you a lot, it mixes (as the service suggests) your coins with other coins so that the link to your target address is broken. 
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.
I think Monero and Sero are still the better anonymity crypto projects, there was once a time when Monero was targeted because the government believed it was a near-perfect gateway for criminals to move funds around, we all thought it was the end for Monero at the time but they somehow won the fight.
Bitcoin is fully decentralized and that doesn't make it an anonymous coin.
I think Monero and Sero are still the better anonymity crypto projects, there was once a time when Monero was targeted because the government believed it was a near-perfect gateway for criminals to move funds around, we all thought it was the end for Monero at the time but they somehow won the fight.
Bitcoin is fully decentralized and that doesn't make it an anonymous coin.
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.
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