Tracing a transaction can be more or less difficult, regardless of the medium of exchange, depending on how well you protect your own identity. There are many ways to trace one or more of the parties involved in a transaction, regardless of what currency is used, so anonymity is largely dependent on many things besides the currency.
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Topic: is bitcoin anonymous? (Read 4893 times)
it is not completely anonymous but you can use mixer and exchanges etc so that it will hard(or even impossible) for others to trace you
The blockchain in itself can trace back anything, only the fact if an address can be known is entirely up to the user's wishes
it is not completely anonymous but you can use mixer and exchanges etc so that it will hard(or even impossible) for others to trace you
The problem is as a wallet address is associated to a person everything you've done and are yet to do can be traced. There are ways to regain anonymity but it wont be easy for the average user. I don't see this as a real problem today but in the future when this information is easily accessible companies will use your personal private information against you. There have been situations like this already; Target for example found out a mans young daughter was pregnant due to her buying patterns matching those of a pregnant woman before he even knew.
Unless a solution to these situations is found this could become a real problem. I can see it effecting insurance to mortgage rates and a multitude of other things.
The example is not applicable for Bitcoin. Since Bitcoin address are generated for every new transaction, no one can specifically trace it to a single entity accurately as they may as well as been spent before by other's. If you don't tell everyone about your address online and use a new address for every transaction, no one will know who are you. Bitcoin isn't meant to be fully anonymous in the first place. Unless a solution to these situations is found this could become a real problem. I can see it effecting insurance to mortgage rates and a multitude of other things.
bitcoin is not anonymous , use darkcoin instead.
The problem is as a wallet address is associated to a person everything you've done and are yet to do can be traced. There are ways to regain anonymity but it wont be easy for the average user. I don't see this as a real problem today but in the future when this information is easily accessible companies will use your personal private information against you. There have been situations like this already; Target for example found out a mans young daughter was pregnant due to her buying patterns matching those of a pregnant woman before he even knew.
Unless a solution to these situations is found this could become a real problem. I can see it effecting insurance to mortgage rates and a multitude of other things.
Unless a solution to these situations is found this could become a real problem. I can see it effecting insurance to mortgage rates and a multitude of other things.
Bitcoin is not anonymous but use of Bitcoin can be if you know what you are doing.
if you want full anonymity , use an altcoin that is made for that instead , i'd reccomend Darkcoin however there's probably others aswell.
If the altcoin crash, then you would lose your Bitcoins. Alt coins are extremely volatile, they can crash at any given time. For bitcoin anonymity is easy to achieve too. Use a mixer to mix your coins and use the coinchoose function in Bitcoin core to prevent it from being linked to another address. 
if you want full anonymity , use an altcoin that is made for that instead , i'd reccomend Darkcoin however there's probably others aswell.
You can store much value in any altcoin that offers more anonymous transactions and they are less safe.
if you want full anonymity , use an altcoin that is made for that instead , i'd reccomend Darkcoin however there's probably others aswell.
Whether bitcoin is really anonymous?
somebody said you can trace the source of BTC such as where the bit coin is from, traded through which exchanger, originally from which BTC wallet, is that right?
Thanks
somebody said you can trace the source of BTC such as where the bit coin is from, traded through which exchanger, originally from which BTC wallet, is that right?
Thanks
Well Basically and comparing to the other payment methods , Bitcoin is really annonymus because you don't need to provide any of your real informations to get a Bitcoin adress/wallet (Name , Age , country , adress etc ... ) . also those exchangers in my opinion defeats the whole purpose of the Bitcoin because they do need those informations .
Now , yes Bitcoin can be traced (x Adress sent to x adress , or x adress received x adress with x amount) but those informations are really not useful and cannot lead to you .
Bottom line , Bitcoin is indeed Annonymus if you know how to use it . and like Satoshi nakamoto said people should a new adress for each transaction if they want to stay annonymus .
~ Madness
The identity of the owner is traceable through the IP addresses that is used. Thats how the government usually traces some of the crimes
Really? I did not know as there is no name assigned to a wallet of a person but may be we can get to know the owner based on his forum profile link/posts. The main fact is that blockchain does not have any kind of verification required by one to open a wallet and so the identity is anonymous.
The identity of the owner is traceable through the IP addresses that is used. Thats how the government usually traces some of the crimes
Well the owner's identity can be found using the nodes/transitioning of transaction.
Really? I did not know as there is no name assigned to a wallet of a person but may be we can get to know the owner based on his forum profile link/posts. The main fact is that blockchain does not have any kind of verification required by one to open a wallet and so the identity is anonymous.
I don't think that bitcoin is completely anonymous as one can track an address and find the list of transactions that have taken place through the address although the owner will be unknown.
Well the owner's identity can be found using the nodes/transitioning of transaction.
I don't think that bitcoin is completely anonymous as one can track an address and find the list of transactions that have taken place through the address although the owner will be unknown.
There are lot of ways, you can make bitcoins anonymous.
You could also look at darkcoin for that.
You could also look at darkcoin for that.
maybe yes, maybe not. because I do not know the beginning of bitcoin
It depends how you use it.
There are definitely other alt coins that are much more anon.
Monero for example - https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449
I think the best altcoin if you want complete anonymity is Darkcoin . They happen to have a whole development only for making it completely anonymous.
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