Topic: Main disadvantage of Bitcoin and the others (Read 2305 times)

Cut off his tongue. Problem solved.

Sounds scaring... 

You could have a friend(or a trusted entity) pay for something for you, and then pay your friend the BTC amount, problem solved just make sure your friend doesn’t say anything

I'm working with someone that will allow such anonymous trust transactions with other users like the bitcoin-otc but more intuitive and in my opinion more practical.

That thread, you may find interesting.
https://bitcointalksearch.org/topic/m.1042967

aye, every time a long time holder sells a big chunk I get a HUGE smile on my face. As I think like you, in that seeing it in more hands instead of concentrated should be better for commerce.

I think bitcoin is going to keep crashing as the hoarders cash out. That way bitcoin gets spread out more equally and it rises again. It wont be accepted as a currency until it's more widely known and spread out.

Well... Seems the reality is no so bad as I imagined. Thx for explanations.

It's just plain ridiculous to complain about Bitcoins anonymity compared to cash. I mean come on, my grandma can't be bothered to wear a cloak, mask and gloves out in public so paper USD is rather a fail for her too.

umm, no they are not.  You are thinking of them like the items of an online game in a database. Where every item, even if its the exact same has a unique ID. This is not the case with Bitcoins... The sending and receiving of bitcoins is simply a recording in a ledger stating x number of coins now belong to x address instead of y address. Nothing more. And unless you go out of your way to attach your info to an address you are using it is actually fairly anon by default. If you are doing something so terribly illegal that you think an agency would go through the trouble and resources to track down who owns an address,  then you have much bigger problems than to worry about how anon bitcoin is by default..


If your goal is to make bitcoin as anonymous as possible by default, then why not work on a project for the average user that would do that for them?


And cash will not be the answer for much longer. Look for ALL USD to be 'digital only' starting 2017 when the noose is much futher tightened to outlaw cash transactions....


And if you want to make a comparison of the anon value of spending BTC versus any other currency in digital just think about a normal, digital transaction at a merchant now.  You slide your card that has all of your personal details attached to it. It logs your name, address, phone, dob, and any other data you have 'agreed' to allow merchants access to by simpy having the card. It logs the exact time and place you used your card. There is a high likelyhood that there is also video to match up exactly with yuor transaction, your vehicle and anything you may have been 'browsing' in the store. Did you spend some extra time looking at those dangerous pool chemicals but you don't even have a pool you say?... ;p Just sayin'  /tinfoil loin cloth


cheers

With common sense, it is very possible to be completely anonymous with bitcoin. And I mean completely.

Off the top of my head, here's one way. Suppose I need to make an anonymous purchase of 10 btc (for brevity's sake I am excluding consideration for transaction fees)


1) I buy 30 btc from someone on this forum, sent to a fresh address (address A).

2) spread them across more fresh addresses. 20 btc to address B, 9.1209874913846 to address C, and keep the change in the original address.

3) Repeat step 2 with address B as many times as desired, with 10 coins ending up in Address X.

4) Send all 10 coins intact from Address X to another fresh address, repeat as many times as necessary.

5) send to merchant.

6) NEVER CROSS CONTAMINATE ADDRESSES--EVER. This is the key to anonymity. Just ask znort. You must use a wallet that allows you to manipulate change addresses. The downside of this is that addresses such as address C can only be used to purchase things under that amount.

Using this technique, make sure you vary the time greatly between transactions. It would be good to always have an address on hand with anonymous coins in it, if this is your kind of thing.


I would never even need go to these lengths, even if I were buying nuclear warheads from Russia.

I have never needed anonymity because I have never used bitcoins for shady things, but I wouldn't hesitate should the need arise. I'd feel better about staying anonymous with bitcoin than with cash or with anything else. Also, you can always just hand over private keys.

Read up on Open Transactions. It comes with its own set of tradeoffs and I don't know how it will fit in the Bitcoin world in large, but just because Bitcoin itself isn't truly anonymous doesn't mean it can't be used anonymously by those who want it.

Also, you can have Bitcoin p2p mixing transactions which do not rely on a centralized service which could misbehave.

Have you ever tried following coins in the blockchain? It's damn hard and when I've tried I've never been able to figure out anything. Even the big hacks so far have led to very little evidence of what went where. Anyone wanting to be anonymous isn't going to publish their name with an associated address, they're not going to funnel lots of transactions thru a couple of main addresses either. So there is not much of a "locus" for making connections.

Has there been any single case yet of the blockchain being demonstrably used as evidence? That's not a rhetorical question. I'd actually like to know.

OK. Let's replace "cash" with "coins" then. Coins aren't serialized. Bitcoin shouldn't contain "coin" in its name, coz every satoshi is serialized.

Cash is serialized isn't it? So to say cash is anonymous is only HALF CORRECT!

Thanks for the info, I get mine secondhand since I stay out of the dev section.

I don't think coin control is making it, but raw transactions allows you to accomplish the same thing, even better because you can select outputs and not just addresses.

Truth, he speaks it. Coin Control is slated for release in v0.7, I believe.

Are those the millions of housewives/househusbands that willingly share the most intimate details/pictures on facebook/twitter/co with the whole world to see? Do you really think strong anonymity is a big issue for them?

And as was said before: strong anonymity is absolutely possible with Bitcoin and it would not be too hard to build a privacy-focused client. The demand just is not that great - not even within the Bitcoin community it seems, although this community is probably much more privacy-aware than the average. Having said that, I'm also convinced that a privacy-focused client is bound to appear at some point!

That's in YOUR country. What about other countries where even searching of topics containing "truth" considered to be illegal?

U'll change ur mind after buying something that is "illegal" from gov's point of view.
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I wont be selling drugs to get bitcoins anyway and if i ever have coin in my posession that was used last year in some cocaine deal on SilkRoad it wont have been me that made that illegal  transaction ,although somehow later i ended up with that same coin .....

Similar to how if i had a dollar in my pocket that could be traced back to a bank robbery in 2004

It certaintly doesnt prove i robbed that bank in 2004 .........