Is bitcoin anonymous? - page 10. | Bitcointalksearch.org

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Quote from: ChiBitCTy on November 27, 2020, 01:46:10 PM

Like you said bitcoin is pseudo anonymous. I personally fear the lightning network making bitcoin anonymous. I've still yet to get a concrete answer whether the Lightning Network actually makes bitcoin truly anonymous or not, but if it does, I worry. Man countries don't allow their women to drive, vote, or hold many career positions that men do..why on earth are they going to allow an anonymous currency to operate in their country? Of course OTC will always live, but shutting down exchanges could be detrimental to bitcoins future.

I speculate many of the people think similarly because they are scared that bitcoin might not pump and might not make them rich. This is certainly similar to why big oil companies do not want the eletric card technology to develop in the automotive industry. This is backwards thinking and bad for the development of the cryptospace.

In any case, this article might help everyone on understanding bitcoin's anonymity and privacy.

https://sethsimmons.me/posts/comparing-private-spends/

idrisalomagold

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Bitcoin is obviously anonymous but you wouldn't want to send your bitcoin on person you don't know, right? In fact, bitcoin is only used right now as an investment because of its feature and futuristic usage. Many believed that bitcoin is the new financial revolution against the State bank and federal reseved.

Further, alot to be discussed about bitcoin and for sure anonymity is bitcoin's first characteristic, so yes it is anonymous.

Traderbtcc

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Quote from: Crptomagma on November 27, 2020, 01:08:18 PM

Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?

I can't say for sure if bitcoin is truly anonymous, cause bitcoin transactions can be tracked on the blockchain, so I agree it is pseudonyms and not totally anonymous, and the part you talked about exchanges been able to track a user's IP address, sounds really scary to me, but personally I don't think bitcoin can be traced down to the user if the transfer is done from a personal wallet, you can only see it on the blockchain which won't display any personal info of the person making the transfer, but from an exchange account, it can definitely be tracked from the IP address as you mentioned.

Altcoinsintel

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Quote from: Globb0 on November 27, 2020, 04:14:38 PM

Do you realy think of bitcoin as anonymous?

can be easily linked to an IP address

and anyway TRANSPARENT LEDGER!

The blockchain keeps track of IP addresses? I ask this because I never heard something like that unless you are saying that a centralized exchange server is holding this data and can provide it, or leak information after a hack. If you don't use exchanges or centralized services there is no IP recorded, or is there with the use of wallets?

pepeepe

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Quote from: death69 on November 27, 2020, 06:46:59 PM

Bitcoin is yes pseudoannonymous. But do you really care about uour anonymity while using bitcoin? Many bitcoin enthusisasts only focus their money and efforts so as to earn more money after investing. Being anonymity is not their concern. Bitcoin is becoming the digital gold with no doubt

Yes, now many Bitcoin users are using Bitcoin ID with fake identity. I never support this because using Bitcoin ID is not a wrong thing to do. Many people today are making a lot of money using Bitcoin. I think using Bitcoin can be an honest way to make money.

emmybd

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Bitcoin is not completely anonymous. Because the data of transactions are stored permanently in a device. Even it is stored publicly. As a result, anyone can see the balance and transactions of any bitcoin address.
But we can also say that it's anonymous. Because the components related to bitcoin like: address, private and public keys transactions etc are not directly link to anyone's personal identity and also it’s possible to send and receive bitcoins without giving any personally identifying information. Early days, people thought that bitcoin is not safe because it's anonymous. But it's not true. Bitcoin is very safe nowadays because every transactions are recorded here.

imstillthebest

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Quote from: rollingdice on November 30, 2020, 07:54:10 AM

Unlike privacy coins (Monero, Zcash) Bitcoin is traceable. You just need to know transaction id or a wallet address to check a certain transaction status. But there are ways to make Bitcoin more private by using mixers, for example.

monero is going to be a trackable coin soon because experts from this crypto group are now working on a project to expose the anonimity of monero but i dont know if they are also working with other privacy coins

but on bitcoin ,

it may not be as private as monero had now but in the future bitcoin can be better than monero because btc users can use a mixer to achieve that anonymous status .

rollingdice

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Unlike privacy coins (Monero, Zcash) Bitcoin is traceable. You just need to know transaction id or a wallet address to check a certain transaction status. But there are ways to make Bitcoin more private by using mixers, for example.

Pito001

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Everyone can see any transaction here, there are a lot of tracking tools on the internet due to it. And despite of it people still not ready to use zec or monero

marcous

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Is this a question or a statement? if you say bitcoin is an anonymous thing, I don't think so. Bitcoin has a transparent system so it cannot be completely anonymous or pseudonymous. As we know that Nobody owns the Bitcoin network, just as nobody owns the e-mail operating technology. Bitcoin is controlled by all its users around the world.

sayaya17

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I think Bitcoin is not entirely anonymous.
Although the identity of the user displayed in the ledger is only a code. But it stores the code on the blockchain. That is on a decentralized digital ledger that will store all transaction details such as the amount, from where, and where the transaction flows. And no one can change all the details of this transaction.
This is what the audit trail will be to explore. That's why bitcoin anonymity is not entirely anonymous.

Asuspawer09

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Quote from: Crptomagma on November 27, 2020, 01:08:18 PM

Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?

When it comes to tracking your transaction maybe not because every transaction is recorded in the blockchain except if your use some crypto mixer I guess.

I don't think it can track the IP address by just looking at the transaction in the blockchain, but still, bitcoin was not completely anonymous like what other people say.

Just like what other member says the anonymous thing in bitcoin is more like your details since every transaction doesn't have your details, and it doesn't require any KYC.

Casdinyard

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Quote from: Fundamentals Of on November 29, 2020, 08:45:30 AM

Quote from: AicecreaME on November 29, 2020, 05:10:46 AM

Bitcoin is not anonymous like other cryptocurrencies since our wallet balances could be seen by anyone because it is stored in a public network, but the owner of a certain address is anonymous unless he is going to buy something that could be the reason of his identity to be revealed, that's why protecting your privacy using Bitcoin will depends on you.

But things could be sown
Having a transparent blockchain does not necessarily go against anonymity. What now if a certain address' balance can be viewed publicly? Does it mean the identity of the owner is revealed? Not necessarily. The public network does not attach personal identity to public addresses. Even buying something with your wallet does not necessarily compromise your identity.

Details are simply limited if you would look at wallet conditions ad prod hwabmomenr details which are open to public. So it may display anonymous details about the investor or user of this technology. As longs as KYC process won't be a requirement, things would still be private expect for one's wallet address perhaps in this case. We'll exchanges requiring the user to do so, is another part of the story. When it comes to its general acknowledgement, Bitcoin is recognized the most in this industry but for sure identities of their investors will always be on top of other requirements.

Fundamentals Of

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Quote from: AicecreaME on November 29, 2020, 05:10:46 AM

Bitcoin is not anonymous like other cryptocurrencies since our wallet balances could be seen by anyone because it is stored in a public network, but the owner of a certain address is anonymous unless he is going to buy something that could be the reason of his identity to be revealed, that's why protecting your privacy using Bitcoin will depends on you.

Having a transparent blockchain does not necessarily go against anonymity. What now if a certain address' balance can be viewed publicly? Does it mean the identity of the owner is revealed? Not necessarily. The public network does not attach personal identity to public addresses. Even buying something with your wallet does not necessarily compromise your identity.

Rafiqul

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Bitcoin is not anonymous, it is real; However, we do not know the name and address of its inventor. Each bitcoin is stored in the wallet address of different owners through blockchain technology. However, the personal data of the owner of the wallet address is not known to one person or another. It is not possible for anyone to know the location of the wallet or the owner with whom you will be transacting. Only all the information including transactions in one's wallet can be seen or known.

Baskeyairdrop

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I have heard of some exchange been hacked and bitcoin stolen and eventually we hear that the transaction was traced and the culprit were caught. If Bitcoin is totally Anonymous, they would not be able to get any trace or whatsoever of transactions made.

Swordsoffreedom

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Quote from: AicecreaME on November 29, 2020, 05:10:46 AM

Bitcoin is not anonymous like other cryptocurrencies since our wallet balances could be seen by anyone because it is stored in a public network, but the owner of a certain address is anonymous unless he is going to buy something that could be the reason of his identity to be revealed, that's why protecting your privacy using Bitcoin will depends on you.

That's why Bitcoin is called pseudonymous, cause anyone can randomly explorer the existing fund and transection history by using BTC address. But if you use a light (non-custodial) wallet or lighting network then sometimes it is anonymous till a certain point and only you have full control of your funds.

fileo

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I come up to define what is anonymous and pseudonymous?
Anonymous - not identified by name; of unknown name.
Pseudonymous - writing or written under a false name.

Bitcoin is anonymous for you are not identified once do transaction.

MCobian

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Bitcoin is not anonymous because transactions can be tracked via a Bitcoin address in blockchain network. In the end, using centralized
exchanges will reveal the identity of the Bitcoin address owner. Since most centralized exchanges have to perform KYC verification, that's
why Bitcoin is not anonymous. Except using mixers services to make Bitcoin addresses difficult to trace, but with mixers services it is not
100% untraceable. Therefore, many scammers have finally been arrested by the police, proving that Bitcoin is not anonymous.

Eureka_07

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AFAIK, Bitcoin is not 100% anonymous since addresses are shown. The user personal information of the user is anonymous ofcourse since the addresses are the only thing that is written to the blockchain.
Transactions related to the address is displayed, unless you fully know how to fully hide the marks related to the address that you used, I believe mixers helps with this matter.

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