Topic: Is bitcoin really anonymous? - page 7. (Read 2002 times)
the bitcoin itself is really anonymous one but the users sometimes yes and sometimes no, because sometimes having a KYC in some investment you identity revealed so it is up to the users if he will remain anonymous or not.
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
I think bitcoin is not really anonymous, it is pseudo anonymous. that every transaction is recorded on the ledger which is the technology we all call block chain. but your identity is secure, so it can be called anonymous.
Bitcoin provides some anonymity but it’s up to bitcoiners where they want to be on the spectrum from fully anonymous to fully identified.
Bitcoin transactions provide some clues which could be combined with other information to de-anonymize a user if they are not careful.
Bitcoin transactions provide some clues which could be combined with other information to de-anonymize a user if they are not careful.
BTC and other cryptocurrencies are not completely anonymous!
If you need to convert your encrypted currency into legal money, you can infer a person's identity by looking at the blockchain.
The privacy level of bitcoin is getting lower and lower!
When we talk about anonymity and say that bitcoin and all other decentralized altcoins have it, this means that when these are transferred across the world, the transactions are anonymous and do not tell anything about the sender or receiver. The case that you have mentioned is entirely different issue as you are converting digital asset into paper money.it does not involve only crypto currencies. If you need to convert your encrypted currency into legal money, you can infer a person's identity by looking at the blockchain.
The privacy level of bitcoin is getting lower and lower!
Yes bitcoin is secret or we can say anonymous because it is secret currency no one can know that how much bitcoins you have without your intervention.
Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
Bitcoin is limited to each person or user in the whole world. I know about my wallet and my number of coins and if I don’t want to share this secret with someone else, I can. This is the reality about Bitcoin however through Blockchain technology one can find out from where he or she buying the coin so Blockchain is very helpful and this is not anonymity this is security. Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
No doubt that bitcoin is really anonymous, we are relaxed and do not have to worry about keep bitcoin so all the information about bitcoin owners is never known, this is what makes many countries suspect that bitcoin is used for illegal transactions.
Bitcoin for me is sort of anonymous in a way that you use pseudo names or usernames for it, with that every transaction is recorded on the ledger which is the technology we all call block chain. What I know is if you use Bitcoin on an online shopping, then what they will see is your username but then remember it is linked to your e-wallet and if you purchased something that needs to be delivered, then it has to have your real name and your home address. But for other transactions like sending, receiving money, your usernames should be okay, but it is still traceable through your ip address which is already a lil too tech-y for everyone.
A bold statement that gives the setting for wealth in a certain time frame! 
As far as I know, you can track transactions on the wallet, but to obtain data from them - hardly possible!
As far as I know, you can track transactions on the wallet, but to obtain data from them - hardly possible!
BTC and other cryptocurrencies are not completely anonymous!
If you need to convert your encrypted currency into legal money, you can infer a person's identity by looking at the blockchain.
The privacy level of bitcoin is getting lower and lower!
If you need to convert your encrypted currency into legal money, you can infer a person's identity by looking at the blockchain.
The privacy level of bitcoin is getting lower and lower!
Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. However, achieving reasonable anonymity with Bitcoin can be quite complicated and perfect anonymity may be impossible.
Bitcoin is pseudonymous. Sending and receiving bitcoins is like writing under a pseudonym. If an author’s pseudonym is ever linked to their identity, everything they ever wrote under that pseudonym will now be linked to them. In Bitcoin, your pseudonym is the address to which you receive Bitcoin. Every transaction involving that address is stored forever in the blockchain. If your address is ever linked to your identity, every transaction will be linked to you.
In the original Satoshi whitepaper, it was recommended that Bitcoin users use a new address for each transaction to avoid the transactions being linked to a common owner. This would be the equivalent of writing many books under different pseudonyms. Although this remains a best practice, it is not enough to guarantee full anonymity due to multi-input transactions.
Bitcoin is pseudonymous. Sending and receiving bitcoins is like writing under a pseudonym. If an author’s pseudonym is ever linked to their identity, everything they ever wrote under that pseudonym will now be linked to them. In Bitcoin, your pseudonym is the address to which you receive Bitcoin. Every transaction involving that address is stored forever in the blockchain. If your address is ever linked to your identity, every transaction will be linked to you.
In the original Satoshi whitepaper, it was recommended that Bitcoin users use a new address for each transaction to avoid the transactions being linked to a common owner. This would be the equivalent of writing many books under different pseudonyms. Although this remains a best practice, it is not enough to guarantee full anonymity due to multi-input 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
No. because many people don't know the bitcoin and many of them are not really interested when they don't know about it. but know bitcoin will rise as high as the highest mountain on earth. 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
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
When you make a transaction there is just your address and the amount of bitcoin showed in the network, nothing like your private information, phone number etc. for the security reasons.
Compare it to bank who will never reveal your transaction to public, I really think that cryptocurrencies in this regard is a lot transparent than those banks. The transaction itself will be recorded in the ledger forever and can't be deleted.Actually if just government could implement blockchain system or something like that that's more centralized and more transparent, it can prevent corruption, despite their effort to make cryptocurrencies looks bad by making a bad news about it or in other word, FUD.
I still think as common sense, for me bitcoin is a very good currency for us to use even though it is any form because we all need money.
Yes bitcoin is secret or we can say anonymous because it is secret currency no one can know that how much bitcoins you have without your intervention.
Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
You are very and seriously wrong mate because it is possible to check your bitcoin wallet balance through the use of your address either with or without your intervention that's why I think bitcoin is not totally anonymous. However, the stole Bitcoin that happened in India will be figure out it is was in the US. Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
Yes bitcoin is secret or we can say anonymous because it is secret currency no one can know that how much bitcoins you have without your intervention.
Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
Actually Block chain gives us freedom by bitcoins we can create as many as bitcoin address we want.
recently in India 650 BTC were stolen but no one has able to tracked those stolen bitcoins, this is showing that how anonymous is bitcoin.
Its not completely anonymous, but pseudoanonymous one.. every transactions on bitcoin is registered on a ledger called the blockchain. On blockchain, only the bitcoin address and amount of bitcoin that was received or sent can been seen, but not the personal information of the sender or receiver (such as name, age, etc). However, every transactions made are publicized to the entire bitcoin network.
i agree to this. bitcoin was not anonymous at all. because now bitcoin was so popular in every single person in the world. you know what i mean cause all of people when talking money they start listening. so i think bitcoin was not anonymous at all. i am happy that from deepweb bitcoin come out and introduce in public. so the cryptocurrency era was started.
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
yes I think is psedo anonymous. bitcoin is not really anonymous. your identify is secure.Now there are many methods and techniques that allow not just to trace transactions but also users.
Yes it is! If you can take a look to the market cap bitcoin is always on the top and no one replace its place. We can think that bitcoin is so unfair compared to altcoins coz altcoins are not that big price like bitcoin.
That is of course because anonymity and confidentiality are two of the most important features that bitcoin has ever received from the moment it is created to the present and most of the laterally generated altcoins have the same mechanical features. this one. You can only track the bitcoin transactions made but can not know who the owner is and what their assets are. Trust the blockchain platform because it can not be broken.
Well,the bitcoin network is not totally anonymous cause ones can still track Bitcoin wallet address creator using blockexplorer and with the help KYC/AML gong on lately the holder of a wallet can still be figure out. Besides, some new app are created this days which can still provide wallet own info.
Majority here are have no idea if bitcoin is anonymous . In this kind of community we need to have our own anonymity to protect and secure our tokens or bitcoins thats why there is no big deal about being anonymously .
Jump to: