THE REAL BTC REVOLUTION no one talks here about!!!

gpucoolingmethod

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Quote from: BADecker on February 05, 2014, 10:41:21 AM

Quote from: whtchocla7e on February 05, 2014, 10:15:14 AM

If you want to remain anonymous Bitcoin is not for you.

Encryption had been around for a long time before the first papers on the idea of making a cryptocurrency were written back in the late '90s. Then, it was more time before the "theory" was developed enough so that someone could actually develop the software. Then the software had to be developed.

Even with manufacturers adding hardware to all the new motherboards so that the NSA can spy on everyone right at their source, their home computer, people will still figure ways around this. For example, there are methods, right now, for printing graphene microchips on plastic film. With the advent of the 3D printer, we will all be making our own computers, right at home, in a few short years from now.

Anonymity is not necessarily being hidden. It might be something like the Matrix movies - hidden because of similarities to everyone else in the crowd. There just might come a time when there is enough garbage info broadcasted out there that even a quantum computer will not be able to sift through it all. That is anonymity.

I wouldnt be surprised if every electronic device had something to spy on its user.I dont agree though with

"It might be something like the Matrix movies - hidden because of similarities to everyone else in the crowd. There just might come a time when there is enough garbage info broadcasted out there that even a quantum computer will not be able to sift through it all. That is anonymity."

because you dont have to know everything possible about everyone to identify anyone.So I guess a quantum computer wo/uld/nt be really needed to do that

BADecker

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Quote from: whtchocla7e on February 05, 2014, 10:15:14 AM

If you want to remain anonymous Bitcoin is not for you.

Encryption had been around for a long time before the first papers on the idea of making a cryptocurrency were written back in the late '90s. Then, it was more time before the "theory" was developed enough so that someone could actually develop the software. Then the software had to be developed.

Even with manufacturers adding hardware to all the new motherboards so that the NSA can spy on everyone right at their source, their home computer, people will still figure ways around this. For example, there are methods, right now, for printing graphene microchips on plastic film. With the advent of the 3D printer, we will all be making our own computers, right at home, in a few short years from now.

Anonymity is not necessarily being hidden. It might be something like the Matrix movies - hidden because of similarities to everyone else in the crowd. There just might come a time when there is enough garbage info broadcasted out there that even a quantum computer will not be able to sift through it all. That is anonymity.

whtchocla7e

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Worlds Simplest Cryptocurrency Wallet

If you want to remain anonymous Bitcoin is not for you.

gpucoolingmethod

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Activity: 98

Merit: 10

Quote from: thezerg on February 05, 2014, 10:04:06 AM

Quote from: gpucoolingmethod on February 05, 2014, 09:27:23 AM

Have you ever considered your lack of privacy when using BTC ? (Or any other cryptocurrency?)
Do I really need to explain your lack of privacy? Think yourself.

Ok if you havent found anything then:blockchain is a log of all btc transactions ever.
Its not hard to identify anyone who doesnt take al the needed steps to make their address remain anonymous.Think AGAIN
The more is known about you (like what you bought with that address) the more singled out you can be from everyone which means less anon.

With physical money it isnt that easy to know everything every person ever bought.

Im sorry if I misunderstood something but bitcoin wiki has:

Quote

A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency.

Ok. What are all the things I've bought with bitcoin?

The reality of privacy is somewhere in between cash and credit cards, but I think its much closer to cash. Also, please consider that today's cycle: exchange->purchase->exchange makes identification much easier since people are identified at the exchange. But as Bitcoin becomes more popular and is sent person-2-person like cash it will become more like cash WRT privacy because it will be very hard to trace a chain of 20 transfers (you have to ask all 20 individuals who they sent it to) to find the 21st.

But of course if some address in the chain of transfers is also used to receive money from an exchange, then a short-cut exists. So the difficulty to trace really is the shortest path from the transaction in question to an exchange.

yes the difficulty to trace really is the shortest path from the transaction in question to an exchange.But other exist like your location and phone you paid with.Also what you bought with crypto identifies you anyway.Whatever has enough info about every single person can identify every single person's crypto address

thezerg

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Activity: 1246

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Quote from: gpucoolingmethod on February 05, 2014, 09:27:23 AM

Have you ever considered your lack of privacy when using BTC ? (Or any other cryptocurrency?)
Do I really need to explain your lack of privacy? Think yourself.

Ok if you havent found anything then:blockchain is a log of all btc transactions ever.
Its not hard to identify anyone who doesnt take al the needed steps to make their address remain anonymous.Think AGAIN
The more is known about you (like what you bought with that address) the more singled out you can be from everyone which means less anon.

With physical money it isnt that easy to know everything every person ever bought.

Im sorry if I misunderstood something but bitcoin wiki has:

Quote

A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency.

Ok. What are all the things I've bought with bitcoin?

The reality of privacy is somewhere in between cash and credit cards, but I think its much closer to cash. Also, please consider that today's cycle: exchange->purchase->exchange makes identification much easier since people are identified at the exchange. But as Bitcoin becomes more popular and is sent person-2-person like cash it will become more like cash WRT privacy because it will be very hard to trace a chain of 20 transfers (you have to ask all 20 individuals who they sent it to) to find the 21st.

But of course if some address in the chain of transfers is also used to receive money from an exchange, then a short-cut exists. So the difficulty to trace really is the shortest path from the transaction in question to an exchange.

gpucoolingmethod

member

Activity: 98

Merit: 10

Have you ever considered your lack of privacy when using BTC ? (Or any other cryptocurrency?)
Do I really need to explain your lack of privacy? Think yourself.

Ok if you havent found anything then:blockchain is a log of all btc transactions ever.
Its not hard to identify anyone who doesnt take al the needed steps to make their address remain anonymous.Think AGAIN
The more is known about you (like what you bought with that address) the more singled out you can be from everyone which means less anon.

With physical money it isnt that easy to know everything every person ever bought.

Im sorry if I misunderstood something but bitcoin wiki has:

Quote

A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency.

Topic: THE REAL BTC REVOLUTION no one talks here about!!! (Read 851 times)