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Topic: For bitcoin to stabilize and be accepted, anominity needs to die (Read 2078 times)

newbie
Activity: 52
Merit: 0
Lack of anonymity would not affect price stability imo... why do you think it would?
hero member
Activity: 504
Merit: 500
"Re: For bitcoin to stabilize and be accepted, anominity needs to die"
Bitcoin needs additional services like zerocoin or coinjoin to be more anonymous in some sitruations.
In other situations needs an identity system like Namecoin when no anonymity is necessary but a secure identification.
May be this is what you mean.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
Stability? What's that? Nothing in this world is stable.
World-wide acceptance? Nothing in this world is like that. The U.S. dollar is quite popular, but in Switzerland, North Korea and some other countries, it is not.

I want BTC to remain quite anonymous as it is, and I don't see stability nor world-wide acceptance as goals.
sr. member
Activity: 337
Merit: 250
Pseudo-anonymity is one of the big selling points of bitcoin.  Hopefully it can get fully anonymous with user opt in.
member
Activity: 103
Merit: 10
It From Bit
Wrong.  Anonymity's stock just keeps rising:

http://www.pewinternet.org/Reports/2013/Anonymity-online.aspx

Bitcoin needs more anonymity, not less.

sr. member
Activity: 271
Merit: 250
claims like these are good for destroing the BTC
hero member
Activity: 492
Merit: 503
I have one word for the OP, just one word: cash.
newbie
Activity: 6
Merit: 0
Quote
Using bitcoin doesn't mean you HAVE to be anonymous. If you want (or have to, while buying physical goods online) to reveal your identity, you have full right to do so. However, Bitcoin itself should be as much anonymous as it can. If you think otherwise, start by marking all your addresses with your name on blockchain.info. You can as well attach link to copy of your ID and proof of residence Wink

Good Quote and pithy! Yes, the currency should remain anonymous. But in the business world, your pay address gets tagged with your shipping info. End of anonymity, they are compelled to keep that info for legal reasons, and financially they sell your pay address, email and shipping info marketers.

If you want to circumvent this, you might compromise trust in the currency as a whole since trust is not established...
member
Activity: 84
Merit: 10
Using bitcoin doesn't mean you HAVE to be anonymous. If you want (or have to, while buying physical goods online) to reveal your identity, you have full right to do so. However, Bitcoin itself should be as much anonymous as it can. If you think otherwise, start by marking all your addresses with your name on blockchain.info. You can as well attach link to copy of your ID and proof of residence Wink

agree
hero member
Activity: 482
Merit: 502
Using bitcoin doesn't mean you HAVE to be anonymous. If you want (or have to, while buying physical goods online) to reveal your identity, you have full right to do so. However, Bitcoin itself should be as much anonymous as it can. If you think otherwise, start by marking all your addresses with your name on blockchain.info. You can as well attach link to copy of your ID and proof of residence Wink
legendary
Activity: 1400
Merit: 1013
http://www.mail-archive.com/[email protected]/msg12325.html

Quote
Speaking as someone who followed the IPSEC IETF standards committee
pretty closely, while leading a group that tried to implement it and
make so usable that it would be used by default throughout the
Internet, I noticed some things:


  *  NSA employees participted throughout, and occupied leadership roles
     in the committee and among the editors of the documents

  *  Every once in a while, someone not an NSA employee, but who had
     longstanding ties to NSA, would make a suggestion that reduced
     privacy or security, but which seemed to make sense when viewed
     by people who didn't know much about crypto.  For example,
     using the same IV (initialization vector) throughout a session,
     rather than making a new one for each packet.  Or, retaining a
     way to for this encryption protocol to specify that no encryption
     is to be applied.

  *  The resulting standard was incredibly complicated -- so complex
     that every real cryptographer who tried to analyze it threw up
     their hands and said, "We can't even begin to evaluate its
     security unless you simplify it radically".  See for example:

        https://www.schneier.com/paper-ipsec.html

     That simplification never happened.

     The IPSEC standards also mandated support for the "null"
     encryption option (plaintext hiding in supposedly-encrypted
     packets), for 56-bit Single DES, and for the use of a 768-bit
     Diffie-Hellman group, all of which are insecure and each of which
     renders the protocol subject to downgrade attacks.

  *  The protocol had major deployment problems, largely resulting from
     changing the maximum segment size that could be passed through an
     IPSEC tunnel between end-nodes that did not know anything about
     IPSEC.  This made it unusable as a "drop-in" privacy improvement.

  *  Our team (FreeS/WAN) built the Linux implementation of IPSEC, but
     at least while I was involved in it, the packet processing code
     never became a default part of the Linux kernel, because of
     bullheadedness in the maintainer who managed that part of the
     kernel.  Instead he built a half-baked implementation that never
     worked.  I have no idea whether that bullheadedness was natural,
     or was enhanced or inspired by NSA or its stooges.

In other circumstances I also found situations where NSA employees
explicitly lied to standards committees, such as that for cellphone
encryption, telling them that if they merely debated an
actually-secure protocol, they would be violating the export control
laws unless they excluded all foreigners from the room (in an
international standards committee!).  The resulting paralysis is how
we ended up with encryption designed by a clueless Motorola employee
-- and kept secret for years, again due to bad NSA export control
advice, in order to hide its obvious flaws -- that basically XOR'd
each voice packet with the same bit string!  Their "encryption"
scheme for the control channel, CMEA, was almost as bad, being
breakable with 2^24 effort and small numbers of ciphertexts:

  https://www.schneier.com/cmea-press.html

To this day, no mobile telephone standards committee has considered
or adopted any end-to-end (phone-to-phone) privacy protocols.  This is
because the big companies involved, huge telcos, are all in bed with
NSA to make damn sure that working end-to-end encryption never becomes
the default on mobile phones.

I'm not saying that everybody who suggests that essential features of Bitcoin must be removed is a government shill, but...
member
Activity: 84
Merit: 10
legendary
Activity: 4410
Merit: 4766
for bitcoin to stabilise requires nothing to do with anonymity it requires an averaging out of wealth,

EG if 50 people are only playing about with 1-2BTC on the markets. and then a guy with 100 bitcoins comes along.. expect instability.

anonymity is more of a concern when it comes to trust in transactions, due to the fact that once the bitcoin is handed over, its not reversible. this is about main-streaming / usability of the coin, not stabilising it.
member
Activity: 122
Merit: 10
Why? The currency seems to be doing just fine as it is...
newbie
Activity: 6
Merit: 0
For bitcoin to stabilize you need way more BTC in the system, then it works out to a sweet spot. Which is basically when only 2 or 3 entities are able to sustain profit.
legendary
Activity: 2408
Merit: 1121
Truth?

You're completely and utterly wrong.

Privacy is a human right, and sucking up to the "regulators" and government entities is a recipe for disaster. I am glad the Bitcoin Foundation is providing a big fat target for the government - it lets us do what we want while they believe they are in control.
legendary
Activity: 1540
Merit: 1000
That is the logic of government loyalists, not everyone else.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
Wrong

Quote
For cash to stabilize and be accepted, anominity needs to die
legendary
Activity: 1554
Merit: 1021
There will always be ways to make it easier or more difficult to identify the purpose and the parties involved in a transaction no matter what the currency is or what tools are being used.
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