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Topic: How to Ensure Complete altcoins Privacy... (Read 135 times)

rbv
newbie
Activity: 49
Merit: 0
December 31, 2017, 01:57:22 PM
#2
i invested a small amount in spectrecoin (xspec) and deeponion (onion) for that very reason.

one note on terminology: it is good to separate privacy (ip not being tracked when you participate in the cryptocurrency network) from anonymity (the protocol prevents seeing who is signing which transactions)
member
Activity: 87
Merit: 13
December 31, 2017, 01:52:51 PM
#1
Buying a privacy coin doesn’t mean you now operate under a cloak of invisibility. From browser fingerprinting to recording IP addresses, there are various ways in which three-letter agencies can de-anonymize supposedly private transactions. Unless you’re a drug lord or a terrorist, though, they’ve probably got better things to do with their time. In situations where absolute privacy is essential, there are mixers such as Bitmixer and Join Market that can be used to tumble coins and obfuscate their origins.

When using monero, some users split their transaction into multiple hops, often passing through Shape Shift from a different altcoin and then on to an Electrum wallet using Tails. There’s no such thing as perfect privacy on the web, but privacy coins make it a lot easier to send and receive funds without broadcasting your business to the world. Expect to see many more privacy-centric coins entering the market in 2018 as the battle for privacy heats up
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