Topic: Bitcoin is NOT anonymous--and is a dangerous privacy issue for its users - page 3. (Read 323 times)

It's not the same issue, mate. Bitcoin's privacy problem isn't related to IP addresses. The real reason people's privacy is compromised is because they use centralized systems. When you sign up for a centralized platform, you have to give away personal information, which eliminates your anonymity. This means authorities can trace a transaction back to you if they want to.

Bitcoin has always had privacy limitations, which is why solutions like CoinJoin were introduced early on to improve privacy. tumblers have also played a crucial role in enhancing privacy for Bitcoin users. What you should know is that bitcoin creates a decentralized system for transactions and doesn't mainly focus on privacy. Coins like xmr monero is what we term as a privacy coin.

I would like to introduce a topic that I have been thinking about for a while.

Most people assume that because Bitcoin transactions involve anonymous numbers, and not a real name and other private information, then Bitcoin is perfectly safe from anybody knowing of your transactions.

However, Bitcoin is a public ledger, and every transaction is available to anybody on the Internet.

For me, this akin to web server logs containing your IP address: it's just a number, right? That's what everybody thought when the internet was new, but we all quickly learned that your IP could be "triangulated" to your real identity: once you used that IP to connect to something with your real identity, then the IP and the identity could be linked, and thus your IP was essentially the same as using your name and address for every single server access.

The advent of Monera and Bitcoin mixers would seem to verify my thesis here: why would these things have been invented and have become popular among those who are serious about their privacy (for whatever reason) if Bitcoin was not a privacy issue?

Bitcoin has the same problem IP addresses always had: if you used your personal information anywhere along the chain, the entire chain can now be attached to you.

How long will it be before somebody builds an app that allows you to put in a Bitcoin address and pop out a name and address? (Pardon my ignorance if this is actually already an available product).

How long before marketers start using this data to target ads at people? For criminal networks to start using this to target people?

Millions of consumers seem to believe, falsely, that using Bitcoin makes their transactions private. And that false information can be very dangerous since it will give people a false sense of security.

Bitcoin being a private means of transacting is a dangerous falsehood that needs to be corrected.

Am I wrong about any of this?