Topic: Bitcoin should never become fully anonymous- don't fool yourself - page 2. (Read 1527 times)

You say it is not anonymous but in a way it is, as long as you've never submitted KYC.
If I were to do a p2p transaction to get cash with BTC that I've acquired in 2014, that would pretty much be an anonymous transaction.
Say I wanted to take my BTC to a store that accepts such payments and bought a new computer. That would be an anonymous transaction.
I have anonymously exchanged Bitcoin for cash in the past. It's not very easy but it's possible.

Monero is being harder and harder to exchange every year. What if it becomes delisted from 90% of exchanges one day?

Monero is being harder and harder to exchange every year. What if it becomes delisted from 90% of exchanges one day?

It is not that Bitcoin "should never" become fully anonymous, it is that Bitcoin is not fully anonymous.

It is not all about Bitcoin not going to become what it is supposed to become as designed and planned, it is about Bitcoin being what it is. Bitcoin is not straying intentionally away from its grand design because of the constraints brought by the governments and the banks and all the systems. Bitcoin is just being true to itself, which is not fully anonymous.

The network itself is still quite good for privacy to some extent. It is impossible to expect the government would allow any asset or any exchange to accept users without any KYC, they're doing some business and need to hold some responsibility. The AML thing and so on is almost guaranteed to be mandatory when you use a centralized service. So, the solution would be don't use them. It's your call.

A "ban" could be put in place, but it's unlikely to be an effective ban.  Unless you're getting your coins mixed up again, maybe?  Usage of BSV would be comparatively easier to restrict by a government than usage of BTC.  BSV has fewer nodes, limited infrastructure, weak decentralisation, etc.  Not to mention the so-called leadership's stance on regulatory compliance.  You'll put your hands up and surrender when you're told to.  

I disagree. It could be banned.

i disagree. it may be a tiny part of the reason but the main reason is because bitcoin is decentralized and can not be banned. not to mention that bitcoin's main usage has never been for anything illegal. if it were any other way then truly anonymous coins such as Monero would have been banned already, which is obviously not happening.

So do we have to fight governments until they accept anonymous coins? man who is the madman who thinks he can fight the government? It is already a very good thing that governments accept bitcoin, asking for more than that is the same as fighting in a fight where there is only a 0.1% chance of winning

If the FBI, CIA & NSA could've never traced a Bitcoin tx since they heard of it, I bet it would've been banned long ago.

Which government will allow anonymous currencies?

Not just governments, banks too. Coinbase lost their UK banking relationship with Barclays. Their new provider made dropping Zcash a condition of doing business with them.

The future of proper anon coins is likely to be non existent on approved exchanges. No doubt they'll do fine elsewhere as they provide a genuine use case.

Which government will allow anonymous currencies?

And ten years after, Bitcoin is at the heel of government, they are now enforcing exchanges for KYC and anything that can identify us.

I hope LN is something that stays on another layer and is used for anonymous transaction 

One thing I often hear is how bitcoin should become a fully anonymous cryptocurrency.  No, it shouldn't.  If people want bitcoin to truly become mainstream then making bitcoin fully anonymous would destroy that goal.  I believe in these types of currencies, such as with Monero whom I support fully.

Here's why- the governments wont allow it.  Right now the U.S. government is working on bitcoin/cryptocurrency legislation that Steve Mnuchin (Secretary of the US Treasury) is putting together and recently said should release soon. I'm fearful of what's to come and bitcoin isn't even anonymous at the moment.  Governments can kill the exchanges.  Sure there's always over the counter, but that's not going to bring this to the heights we all hope it's headed.

Think of it this way.  How many countries still don't allow for women to vote or even show their face in public, how many countries don't allow for freedom of speech, how many countries still don't allow freedom of press...and you think they'l be okay with a massive global currency they can't control what so ever?  Not a chance.

I hope LN is something that stays on another layer and is used for anonymous transaction or something else is created so that bitcoin has both options..but making it fully anonymous wont work out well.  As a financial advisor this is something seemingly obvious to me after spending over a decade in finance and seeing how this kind of stuff is received by governments. 

Would love to be wrong or hear how it could still work.