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Topic: Well, well now it is clear that Bitcoin is traceable. - page 2. (Read 1453 times)

legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
the only thing that is clear is the fact that Bitcoin Cash shills are starting to become desperate. too desperate if you ask me. and the desperation will only grow as the price of their altcoin fork drops lower and lower each day we get closer to the deadline.

just try not to lose your head when price of your altcoin dropped -80% in the first week.
legendary
Activity: 2912
Merit: 1068
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Bitcoin has lost a big deal of the anonimity long time ago. That is already clear to everyone. Because of the involvement in illegal activities and money laundering governments looked for the ways to monitor transactions and find the users. Regulation of exchangers and other Bitcoin related services also contributed to that. But that couldn't be avoided.
hero member
Activity: 2870
Merit: 574
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i think even if bitcoin is traceable it doesn't mean people need to stop what they do for now and maybe more people will come into bitcoin world. no matter it is, as long as people still interesting with bitcoin, i think they will use bitcoin for what they want and they will save their bitcoin if they don't want to use for anything. yes we can see the transactions but for ordinary people, it is hard to find out where the transaction is using and for what the transaction is made.
sr. member
Activity: 490
Merit: 256
So Bitcoin is traceable.

BTC-E, Alphabay, Hansa is busted due to some illegal operations.

Those who staying for annonimity and freedom of choice can support bigger blocks from now.


8 mb blocks as in Bitcoin Cash will probably be untraceable at all.


https://en.bitcoin.it/wiki/Anonymity

Bitcoin has always been traceable unless you are smart enough to cover your tracks. Every transaction in Bitcoin is reflected and can be seen by the public so it is traceable if you have the knowledge to do the tracing.

Having bigger blocks does now guarantee that a transaction will be untraceable. Who the hell said such a thing? There is no logical explanation for that. The block size is just concerns about the number of transactions can be handled in a specific span of time, nothing for anonymity.
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
After this incident I will change my view of Bitcoin, it is actually accessible and the criminals are still caught using Bitcoin for money laundering or illegal trading Smiley
legendary
Activity: 3024
Merit: 2148
Bitcoin is traceable because at some point you need to reveal your identity (most commonly - when you exchange it for fiat), so this is the first major point of failure. The second point of failure is that the ledger is public, so investigators can follow transactions until they reach the one that can be linked to your identity. Some people suspect that mixing can be breached now, so Bitcoin can't guarantee privacy. But Bitcoin Cash does absolutely nothing to solve this problem, in fact in only makes it less private by making it harder for people to run full nodes, and we also don't know what else BCC devs might have snuggled into the code.
legendary
Activity: 3514
Merit: 1963
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"BTC-E, Alphabay, Hansa is busted due to some illegal operations." Yes, and in most of these cases they left evidence linking their identity to online email addresses. We know these webmail service providers, work closely with law enforcement. They also re-use email addresses between different services, so it becomes even easier to track them.

Bitcoin is pseudo-anonymous, NOT anonymous. ^hmmmmm^
full member
Activity: 241
Merit: 100
So Bitcoin is traceable.

BTC-E, Alphabay, Hansa is busted due to some illegal operations.

Those who staying for annonimity and freedom of choice can support bigger blocks from now.


8 mb blocks as in Bitcoin Cash will probably be untraceable at all.


https://en.bitcoin.it/wiki/Anonymity

This is not surprising at all, I mean the time I've read bitcoin being anonymous I've paused reading the article and realize that hackers are also anonymous too. If anyone here are wanting an anonymous digital currency you can use dash.
full member
Activity: 364
Merit: 130
Whether larger blocks can guarantee our transactions can not be traced? As you said above, that "8 mb blocks as in Bitcoin Cash will probably be untraceable at all", you say probably. So in fact you're not sure yet and there's no basis to say that 8 MB block is untraceable, right? So, please explain a little, why we should choose and support larger blocks.
legendary
Activity: 3472
Merit: 10611
Are the Bitcoin Cash promoters getting desperate?

This is the same code so same privacy.

it is not a direct fork of bitcoin if you ever look at their github repository and because of that i have no idea how can one compare the two code bases and tell even if they are the same code! if you have a way, i would love to hear it.

also the repository is 396,445 lines last time i checked. good luck going through it and see if it really is the same thing and doesn't have hidden stuff in it Wink
newbie
Activity: 1
Merit: 0
Are the Bitcoin Cash promoters getting desperate?

This is the same code so same privacy.
legendary
Activity: 1806
Merit: 1003
Why would Bitcoin Cash be untraceable? it's is an exact clone of Bitcoin minus segwit. I think the best bet for untraceable crypto right now is Monero, but there's still the issue of buying into and out of Monero with other currency. It can only be truly untraceable if you conduct all your business in Monero.
legendary
Activity: 3472
Merit: 10611
8 mb blocks as in Bitcoin Cash will probably be untraceable at all.

yeah right, with 8 mb blocks and growing there will soon be a couple of nodes only which are operated by the government and to broadcast a transaction you'll have to connect to those.
the code will most probably have some additional backdoors to track too. specially the nChain thing that is created by the biggest scammer of all times.
sr. member
Activity: 373
Merit: 262
Are the Bitcoin Cash promoters getting desperate?
hero member
Activity: 1106
Merit: 637
So Bitcoin is traceable.

Yeah, that's a primary consequence of having a transaction ledger that is open to the public, always.

Those transactions didn't get traced to Vinnick until he sent the coins that were traced as "hot" back to a wallet he owned at Mt. Gox and BTC-e...where they could supbeona records to determine who actually owned the account or get an IP address or other identifying information.

What would be more accurate to say is that Bitcoin is traceable to the account owner when you use an exchange or any third party that requires personal information to have such an account!
legendary
Activity: 1806
Merit: 1164
So Bitcoin is traceable.

BTC-E, Alphabay, Hansa is busted due to some illegal operations.

Those who staying for annonimity and freedom of choice can support bigger blocks from now.


8 mb blocks as in Bitcoin Cash will probably be untraceable at all.


https://en.bitcoin.it/wiki/Anonymity

Why would you think Bitcoin Cash transactions would not be traceable? The blockchain is just a hard fork from Bitcoin and as transparent. If you are looking for untraceable transactions you need to look elsewhere.
full member
Activity: 238
Merit: 100
So Bitcoin is traceable.

BTC-E, Alphabay, Hansa is busted due to some illegal operations.

Those who staying for annonimity and freedom of choice can support bigger blocks from now.


8 mb blocks as in Bitcoin Cash will probably be untraceable at all.


https://en.bitcoin.it/wiki/Anonymity
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