Is Bitcoin's anonymity enough for you? Or do you wish it was anonymous? Do you take any measures to anonymize your BTC funds?
Bitcoin is pseudo anonymous but still i think its enough for me since i have only a small income from bitcoins and also it has not been yet regulated in our country india so that i don't have fear of being taxed by the government.But the scenario is totally different when you are a big holder of bitcoins because any one could trace your transactions and you would have to face a serious threat.So,at such situations,they would definitely have to use bitcoin mixer sevices provided by some companies to ensure their privacy. 
Topic: BTC Anonymity (Read 1022 times)
Well, I think Bitcoin is special even for anonymity.
On a side, Bitcoin transactions (and thus addresses) are public. We all know it, that everyone can see the transactions on blockchain.info and other similar websites.
But on the other side, addresses are just a bunch of alphanumerical units with no sense. It is impossible to associate an address to an user. So transactions are public and private at the same time!
Also, you can use several measures to keep more privacy (mixers, etc.). But, in general, it is quite good and also there are other cryptocoins which have a higher privacy.
On a side, Bitcoin transactions (and thus addresses) are public. We all know it, that everyone can see the transactions on blockchain.info and other similar websites.
But on the other side, addresses are just a bunch of alphanumerical units with no sense. It is impossible to associate an address to an user. So transactions are public and private at the same time!
Also, you can use several measures to keep more privacy (mixers, etc.). But, in general, it is quite good and also there are other cryptocoins which have a higher privacy.
Is Bitcoin's anonymity enough for you? Or do you wish it was anonymous? Do you take any measures to anonymize your BTC funds?
Lolz it is anonymous since it came to market I would tell you something that you should need to study about bitcoin instead answering topic. Because it would be better for you because if you know about bitcoin then in future you can reply to topic very well. Now tell me what is the difference between anonymity and anonymous both are same but the difference is just that of spellings. BTC Anonymity is not a big concern for me. I am more concerned about the safety of the bitcoin, i.e. how to prevent hack etc.
Same here.
"The truth fears no investigation."
I do not do shady things or whatnot with Bitcoin, well, in any case getting hacked is a lot worse because I think tons of people use Bitcoins for very bad stuff and have been since the beginning.
BTC Anonymity is not a big concern for me. I am more concerned about the safety of the bitcoin, i.e. how to prevent hack etc.
Is Bitcoin's anonymity enough for you? Or do you wish it was anonymous? Do you take any measures to anonymize your BTC funds?
I don't think that we need more anonymous quality because the main reason behind this factor is that we are legitimate earners in this field and we don't need any type of the privacy to use because we are not stealing money or any type.of the money laundering or any type.of illegal activities or any illegal deals that are harmful for other .Here we are just making money by the investment and trading which are more better way to make money .
And I think if more and more annonymous type quality will be introduced in the future then it will be bad for us because many countries government are accepting Bitcoin because everything is public and anyone can see anyone transaction . So it is a method to remove the black money holders in this world , So many countries are supporting the Bitcoin and they legelised it .
One thing that beginners always misunderstand about Bitcoin is that they think Bitcoin, by itself, is anonymous. Which is really wrong because it is easy for people to back trace transactions and find the original sending Bitcoin addresses. I was one of those beginners until I come across Bitcoin mixing site. As to answer your question, for me, Bitcoin by itself is not anonymous enough for me. However, Bitcoin with another layer of transaction mixing is enough.
For what I want to do, which is usually play dice games and blackjack, there is no need to be very anonymous. The people who need to become more anonymous are usually the buyers and the sellers in the dark markets. For ordinary users like us, there is really no need.
Bitcoin is not 100% anonymous. If you want 100% anonymity, then you need to use coins such as Blackbytes. Even if you use a coin-mixer, Bitcoin is not completely anonymous. Remember how the Sheep Marketplace thief (Thomas Jiřikovský) was caught, despite using a mixer?
Bitcoin is only pseudo anonymous and by far not anonymous enough on it's own. If you want to make sure that your financial matters is private, then you have to take extra measures to protect it. I use mixer services to protect my financial privacy, because it secures my funds.
People will not know my private spending habits and how much money I own and I have a basic right to protect that information. If you keep cash in a safe place, do you have to explain that to anyone? Why should Bitcoin not be the same?
I do not use Bitcoin for illegal activities and if I am asked, I can account for every cent I own and what I paid for taxes.
People will not know my private spending habits and how much money I own and I have a basic right to protect that information. If you keep cash in a safe place, do you have to explain that to anyone? Why should Bitcoin not be the same?
I do not use Bitcoin for illegal activities and if I am asked, I can account for every cent I own and what I paid for taxes.
Is Bitcoin's anonymity enough for you? Or do you wish it was anonymous? Do you take any measures to anonymize your BTC funds?
Bitcoin is not entirely anonymous, it can be as long as you protect your identity by taking effective measures. As for me, I do not take any precautionary measures or whatsoever in order to protect my identity. I feel like I do not need, for now. I am not doing something illegal, or any mischievous deeds in any form so why should I be anonymous? Yes, being here will put me at risk but the thing is I do not care if my identity is exposed because just because.
I feel bitcoin is good enough for me by privacy feature since i'm not doing something that need to hide, there are so many way to increase the anonimity like using mixing service or converting your bitcoins to anonimity coin like monero another way is managing your transaction for example never using single address for transaction, etc. Bitcoin actually is not designed to be annonymous it just being decentralized.
Bitcoin by itself is pseudo anonymous currency because all transactions, bitcoin addresses and other information is public.
And I don't have problems with it. In past, I remember that I used one bitcoin address to get and send all transactions. But then I understood that's not good. Now I'm using muliple addresses that people wouldn't see how much bitcoins I have. But I don't have things to hide that I would use bitcoin mixers.
Also, I'm not happy when I need to provide my ID to bitcoin exchanges, because I don't want to show who I'm. But when I have to exchange bitcoins to fiat, this action is neccesary. And after revealing my personal details, I'm afraid that may attract attention from tax institution.
And I don't have problems with it. In past, I remember that I used one bitcoin address to get and send all transactions. But then I understood that's not good. Now I'm using muliple addresses that people wouldn't see how much bitcoins I have. But I don't have things to hide that I would use bitcoin mixers.
Also, I'm not happy when I need to provide my ID to bitcoin exchanges, because I don't want to show who I'm. But when I have to exchange bitcoins to fiat, this action is neccesary. And after revealing my personal details, I'm afraid that may attract attention from tax institution.
Yes, it's enough, I'd even dare say more than enough given the fact that we're constantly scanned when using fiat... I take no extra measures to anonymize my coins.
It's fine as it is but Bitcoin is not anonymous though. And no I don't take any measures because I have nothing to hide I guess? Should I?
Have you ever driven to your office with a transparent Briefcase? If no, why not? What are you hiding in the Briefcase.
I used "I have nothing to hide" back then when I was a gullible & trusting humanist. I never believed "evil people" exist. Thought everyone was like me.
If I answer in essence this topic, then I think that the anonymity Bitcoin daytime enjoyed. Although if it concerns the issue of paying taxes, then this is the moment when Bitcoin gives all guarantees to save your money. The fact is that if the government had access to Bitcoin control, then all users would be much unhappy, because taxation would take the lion's share of their incomes.
I'm actually a fan of Bitcoin's transparency, as it enables me to check any of my transactions and monitor any of my addresses from anywhere, without credentials and even on potentially compromised devices. Yet this information will mean nothing to pretty much anyone else. Try that with account statements or credit cards.
Is Bitcoin's anonymity enough for you? Or do you wish it was anonymous? Do you take any measures to anonymize your BTC funds?
Yes its quite good enough for me. It is semi-anonymous as it currently does not say your name on the account # just alphanumerical. To answer that it could be slightly better like how XMR has it setup completely anon.
I try to avoid the term "anonymity", because it often suggests something you have to hide.
For most of the people, the term "privacy" fits better to the topic we are talking about.
It's about the freedom to protect your transactions from being seen by those who don't have a right to see it.
And I think that this is perfectly possible with bitcoin, especially with the many tools around.
For most of the people, the term "privacy" fits better to the topic we are talking about.
It's about the freedom to protect your transactions from being seen by those who don't have a right to see it.
And I think that this is perfectly possible with bitcoin, especially with the many tools around.
It's fine as it is but Bitcoin is not anonymous though. And no I don't take any measures because I have nothing to hide I guess? Should I?
I agree even I'm ok with the current amount of anonymity bitcoin has. I'm not using or holding it for any illegal or unfair purposes or activities so I'm just fine with it. Nor do I feel the need to take any pains to get more anonymous. Jump to: