Topic: Is bitcoin really anonymous? - page 22. (Read 2002 times)
Bitcoin is not really anonymous because if bitcoin is totally an anonymous cryptocurrency then you cannot track down its transaction using the public key or the bitcoin address. A complete anonymous is not knowing if where does the money go and that is only possible with the other cryptocurrencies but right now, it is impossible for bitcoin to say that it is anonymous.
I have been explained that bitcoin is pseudonyms from the features available. The end to end users were not known while the transaction seems to be transparent that any user knowing the bitcoin address can view it. These days several other projects have been getting into existence with complete anonymity in transaction.
You can say that real money is not really anonymous, unless you're strictly dealing with money in your hands. So once you convert it into money, then it's not Bitcoin anymore.
If you fancy Bitcoin is an anonymous because it’s a kind of digital currencies, but frankly speaking it’s not anonymous. Indeed, like many other crypto currencies, bitcoin is pseudonymous. As far as I know that when it does not require a user to devulge your personal information, all the transactions which were made are public domain and could be seen by any one in the Blockchain. And Blockchain does not reveal your name, actually there are many ways to detect somebody’s identity through patterns on the blockchain and other factors. Therefore , it’s not completely an anonymous. My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace.
I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
To exchange your fiat to cryptocurrency and vice versa will require KYC verification processes that ask some informations about you as a person. This is to monitor any suspicious transactions. The types of requirements needed will depends on what level you want to be. I think this is the safest way but you need to pay taxes if necessary.I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
If you don't want your identity to be trace, then you can transact your bitcoin by person to person at your local area. Or you can distribute to your friends some of your coins to cash out in a little amount.
My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace.
I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
Bitcoin is not anonymous, but, pseudo-anonymous (can use aliases). Well, most veteran Bitcoin (old players) know this. However, many people do not know this, why Bitcoin is not made completely anonymously by default, and what businesses do Bitcoin users not to do anonymously and what Bitcoin users can do to regain their privacy. I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace.
I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
Here in my country you must be verified first by the exchange. You need to provide a selfie with valid government issued id for a level 2. I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
Level 2 you have a limit to cash out of $10k a year.
To make it unlimited you must provide them with business permit that you have a legit business.
After that you can cash out everyday.
Good luck. Share your blessings.
Some say its not. Others say it is. For me its not anonymous in the since that it was used by many. What is anonymous is the account details. Just like our usual bank accounts they are confidential. So bitcoin itself has its confidentiality specially that it involves money. Being anonymous somehow is significant for safety purposes.
Bitcoin is not anonymous your IP can be located in the transaction history unless using tor\VPN when gonna send btc on the other hand we have fully anonymous coins like XMR ,Dash ...XVG and onion.
Bitcoin is known for its very good security, and most of its transactions are anonymous, with only the address of which Bitcoin can be exchanged, without any personal information. But if people know your address, they can easily look up transactions history via blockchain or etherscan. Bitcoin is anonymously but it is not anonymous if your BTC address information is disclosed.
I think the bitcoin is anonymous becouse bitcoin is spreading fast on other country and no one knows ho decide the value of bitcoin
Bitcoin's spreading has nothing to do with it. It is not a reason to say that bitcoin is anonymous. Actually, bitcoin is not anonymous, and also, bitcoin's price or the "value" your are talking about depends in the bitcoin's market sale. But yes you are right, no one decides what will be the bitcoin's price. 
Bitcoin is anonymous in terms when your real name and origin is completely hidden on your profile for trading , campaigns, etc. but the conversion to fiat or transfering your account to someone or even buying with bitcoins is traceable. It is because of the third party which is your wallet who made some history of your transactions.
My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace.
I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?
I am asking this because I intend to become rich in 4 or 5 weeks
If you spend Bitcoins at an online store and had to create an account with your name, that address can be linked to you along with transactions to and from that address. The same is true when you buy Bitcoins or sell Bitcoins on a site like Coinbase. It is really hard to be anonymous if you do transactions. Your country’s government will be able to trace many of these transactions and the transaction history.
No, of course not, a lot of people can easily track you if you left a lot of finger prints on your bitcoin addresses, i mean, if you posted your address on Facebook, twitter, or any other social media.
That is considered as irresponsible way of handling your account. Why would you be posting your address to social media platform which we know can easily be hacked or phished.
Bitcoin is really anonymous you can transfer bitcoins from wallet to another wallet and no one can even trace it, that's the meaning of bitcoin being anonymous but when a person decided to convert them into their native currency anonymity of bitcoin will be gone that is because certain information will be needed to be disclosed just in case you withdraw bitcoin thru banks or any remittance center but as long as you will not convert bitcoin into fiat it will remain anonymous.
Yes! Bitcoin is really anonymous. There are some says that Bitcoin should spread and become well-known. But there are also some who wants to hide bitcoins identity since there are dangers when it became popular.
Bitcoin is not anonymous, probably in countries where Bitcoin is banned. The people there will have people who do not know about it, but in fact Bitcoin still exists in all countries even if it is banned, the people there They know Bitcoin so Bitcoin is not anonymous
its somewhat anonymous, but as it becomes more mainstream it becomes less anonymous. as more people give up personal details to become owners of bitcoin people who want to stay in the shadows lose space they could potentially occupy, question is what does it take to enforce based on all the evidence blockchain has gathered so far and will gather in the future. in my opinion crimes recorded on blockchain would need a global government to investigate and i'm not expecting one of those to appear any time soon
Anonymity is the first feature bitcoin is famous and till date bitcoin is proved anonymous so it is become more reliable and user friendly to use for anyone
Yes it is because it only can track where is that Bitcoin going without knowing who own that wallet and who're using that wallet .
It partially anonymous (because you need to reveal your identity to exchange it).
Btw, in Bruxelles someone proposed to make a database of bitcoin owners...
Btw, in Bruxelles someone proposed to make a database of bitcoin owners...
Yup it is really one of the characteristic of BitCoin, it is anonymous but still even though the use can hold multiple bitcoin address, there still a so called Blockchain with ls a huge version of general ledger that stores details of every single transaction that ever happened in the network.
https://www.coindesk.com/information/what-is-bitcoin/
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