Topic: How much is public? - page 2. (Read 1711 times)
Even though people can see your address they can't do anything with it without the private key.
How much info about our BTC is public? If someone knows your BTC address, do they know how many BTC you have? Someone said that they know how many BTC you "had" but I can't seem to conceptualize this. How does it work?
You can have multiple BTC addresses. You can have as many BTC addresses as you want. I suggest using a new BTC address for EVERY transaction.
If someone knows one of your BTC addresses, then they can know exactly how many BTC are controlled by that address. They can know the date and value of every transaction that ever has been or ever will be received at that BTC address, and they can know the date and value of transactions that were (or in the future are) funded by the bitcoins that had been received at that address.
They may also be able to infer other addresses that you control and gain similar insight into those addresses.
The Database of bitcoin is decentralized and therefore public. Every transaction can be seen by everyone else. However, since a bitcoin address does not have your name in it, it is up to you to let people know the address belongs to you. If one of your addresses gets linked to you, then yes, people can see how many BTC you have / had. However, once you transfer it to another address nobody can know for sure if you still own that new address or if you sent the coins to someone else.
The key to anonymous bitcoin usage is to not link your address to your name, which is not that easy.
The key to anonymous bitcoin usage is to not link your address to your name, which is not that easy.
How much info about our BTC is public? If someone knows your BTC address, do they know how many BTC you have? Someone said that they know how many BTC you "had" but I can't seem to conceptualize this. How does it work?
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