Why does Bitcoin not implement anon? - page 2.

jubalix

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Quote from: celestio on July 18, 2014, 07:53:35 PM

Quote from: jubalix on July 18, 2014, 07:09:33 PM

Quote from: celestio on July 18, 2014, 05:23:38 PM

Quote from: jubalix on July 18, 2014, 05:11:51 PM

BTC is 100% anon if you use it right and with various utilities.

Dark is a joke, its not even anon. DRK is th enew FTC.

it went, FTC --->QRK---->DOGE---->Blackcoin---->DRK----???this is the dump cycle.

Anoncoin seems to be much better.

Bitcoin is not anonymous in the least. It's more open and transparent than Paypal.

Even if you tried to hide your tracks through mixing, there's a very high possibility that you would recieve tainted coins(your own coins sent back to you), and that would unveil your tracks....

Not to mention, as I type, there are people designing programs to follow every transaction a Bitcoin address has had and will make, that would obliterate any kind of privacy one can hope to attain through mixers..

how do people even know I own which coins in the first place....!

Any exchange you used know which coins you own. Any individual you do trades with know which coins you own, etc etc.

So if one never used and exchange or never met anyone to buy btc, cash only deposits into a bank account, no ID. you are good to go.

gmaxwell

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Quote from: AliceWonder on July 18, 2014, 08:39:26 PM

Using a crypto-currency designed to make tracing transactions impossible would likely break US money laundering laws.

Exactly like cash is illegal, and precious metals...

Fortunately all the cryptographic privacy systems can be transcript producing. Some of them inherently are, in the bytecoin/monero/fantomcoin system getting your single scanning private key lets the holder identify all your transactions... so it's very much audit-able, just not a free lunch for global passive surveillance and not a total privacy cluster-@#$@ for normal users.

AliceWonder

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Using a crypto-currency designed to make tracing transactions impossible would likely break US money laundering laws.

celestio

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Quote from: jubalix on July 18, 2014, 07:09:33 PM

Quote from: celestio on July 18, 2014, 05:23:38 PM

Quote from: jubalix on July 18, 2014, 05:11:51 PM

BTC is 100% anon if you use it right and with various utilities.

Dark is a joke, its not even anon. DRK is th enew FTC.

it went, FTC --->QRK---->DOGE---->Blackcoin---->DRK----???this is the dump cycle.

Anoncoin seems to be much better.

Bitcoin is not anonymous in the least. It's more open and transparent than Paypal.

Even if you tried to hide your tracks through mixing, there's a very high possibility that you would recieve tainted coins(your own coins sent back to you), and that would unveil your tracks....

Not to mention, as I type, there are people designing programs to follow every transaction a Bitcoin address has had and will make, that would obliterate any kind of privacy one can hope to attain through mixers..

how do people even know I own which coins in the first place....!

Any exchange you used know which coins you own. Any individual you do trades with know which coins you own, etc etc.

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: celestio on July 18, 2014, 05:23:38 PM

Quote from: jubalix on July 18, 2014, 05:11:51 PM

BTC is 100% anon if you use it right and with various utilities.

Dark is a joke, its not even anon. DRK is th enew FTC.

it went, FTC --->QRK---->DOGE---->Blackcoin---->DRK----???this is the dump cycle.

Anoncoin seems to be much better.

Bitcoin is not anonymous in the least. It's more open and transparent than Paypal.

Even if you tried to hide your tracks through mixing, there's a very high possibility that you would recieve tainted coins(your own coins sent back to you), and that would unveil your tracks....

Not to mention, as I type, there are people designing programs to follow every transaction a Bitcoin address has had and will make, that would obliterate any kind of privacy one can hope to attain through mixers..

how do people even know I own which coins in the first place....!

celestio

sr. member

Activity: 770

Merit: 250

Quote from: jubalix on July 18, 2014, 05:11:51 PM

BTC is 100% anon if you use it right and with various utilities.

Dark is a joke, its not even anon. DRK is th enew FTC.

it went, FTC --->QRK---->DOGE---->Blackcoin---->DRK----???this is the dump cycle.

Anoncoin seems to be much better.

Bitcoin is not anonymous in the least. It's more open and transparent than Paypal.

Even if you tried to hide your tracks through mixing, there's a very high possibility that you would recieve tainted coins(your own coins sent back to you), and that would unveil your tracks....

Not to mention, as I type, there are people designing programs to follow every transaction a Bitcoin address has had and will make, that would obliterate any kind of privacy one can hope to attain through mixers..

jubalix

legendary

Activity: 2632

Merit: 1023

BTC is 100% anon if you use it right and with various utilities.

Dark is a joke, its not even anon. DRK is th enew FTC.

it went, FTC --->QRK---->DOGE---->Blackcoin---->DRK----???this is the dump cycle.

Anoncoin seems to be much better.

MultiSig

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It would be a political declaration of war at this time.

Realpra

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Quote

It's using
CoinJoin for *every* transaction that is what provides privacy by gradually
mixing your coins with those of all other users. The goal is to provide
a pragmatic and low cost privacy tool that can be used for every
transaction - Dark Wallet's implementation actually reduces transaction
fees slightly.

Peter Todds comment on one of your linked articles.

Anyway protocol allows various tricks that was my point. Ulbricht was found via his name/gmail not TOR or Bitcoin.

celestio

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Quote from: Realpra on July 18, 2014, 10:56:32 AM

Quote from: celestio on July 18, 2014, 10:32:17 AM

Quote from: Realpra on July 18, 2014, 10:28:13 AM

Coinjoin/similar schemes is supported by the protocol. I believe dark wallet and in the future others will have it enabled as default out of the box.

A research paper on coindesk recently stated that even with NO masking efforts they could only trace 10% of transactions by looking at the blockchain.

http://anonymity-in-bitcoin.blogspot.com/2011/07/bitcoin-is-not-anonymous.html

10% is wrong if you're talking about tracing 10% of transactions to output accounts like Coinbase, where the user sells his BTC for USD, it's much much higher, if you're talking about tracing regular Bitcoin transactions, it's 100%. Also coinjoin is deplorable, even having the slightest taint during mixing can reveal your tracks..Darkwallet is also centralized and being such, if it were to get hacked or anything like that, your funds could be stolen like any other malicious wallets out there..

Researchers were only looking at the blockchain.

Of course governments/exchanges would have more information as you say.

I don't know the details about darkwallet, better things will always come in the future given time.

Coinjoin/similar being deplorable.. I don't know about that, it can be done in a decentralized manor and if done correctly with enough sources and mixed enough times I think even the NSA would have only random guesses to go by.

http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/

http://bitcoin.stackexchange.com/questions/7966/what-are-tainted-coins-exactly

http://www.technologyreview.com/news/518816/mapping-the-bitcoin-economy-could-reveal-users-identities/

Coinjoin is not anonymous, the smallest bit of taint will unveil a user's transactions/tracks. Bitcoin is not anonymous in the least. Here are some website/articles on the subject, above.

Realpra

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Quote from: celestio on July 18, 2014, 10:32:17 AM

Quote from: Realpra on July 18, 2014, 10:28:13 AM

Coinjoin/similar schemes is supported by the protocol. I believe dark wallet and in the future others will have it enabled as default out of the box.

A research paper on coindesk recently stated that even with NO masking efforts they could only trace 10% of transactions by looking at the blockchain.

http://anonymity-in-bitcoin.blogspot.com/2011/07/bitcoin-is-not-anonymous.html

10% is wrong if you're talking about tracing 10% of transactions to output accounts like Coinbase, where the user sells his BTC for USD, it's much much higher, if you're talking about tracing regular Bitcoin transactions, it's 100%. Also coinjoin is deplorable, even having the slightest taint during mixing can reveal your tracks..Darkwallet is also centralized and being such, if it were to get hacked or anything like that, your funds could be stolen like any other malicious wallets out there..

Researchers were only looking at the blockchain.

Of course governments/exchanges would have more information as you say.

I don't know the details about darkwallet, better things will always come in the future given time.

Coinjoin/similar being deplorable.. I don't know about that, it can be done in a decentralized manor and if done correctly with enough sources and mixed enough times I think even the NSA would have only random guesses to go by.

celestio

sr. member

Activity: 770

Merit: 250

Quote from: Realpra on July 18, 2014, 10:28:13 AM

Coinjoin/similar schemes is supported by the protocol. I believe dark wallet and in the future others will have it enabled as default out of the box.

A research paper on coindesk recently stated that even with NO masking efforts they could only trace 10% of transactions by looking at the blockchain.

http://anonymity-in-bitcoin.blogspot.com/2011/07/bitcoin-is-not-anonymous.html

10% is wrong if you're talking about tracing 10% of transactions to output accounts like Coinbase, where the user sells his BTC for USD, it's much much higher, if you're talking about tracing regular Bitcoin transactions, it's 100%. Also coinjoin is deplorable, even having the slightest taint during mixing can reveal your tracks..Darkwallet is also centralized and being such, if it were to get hacked or anything like that, your funds could be stolen like any other malicious wallets out there..

Realpra

hero member

Activity: 815

Merit: 1000

Coinjoin/similar schemes is supported by the protocol. I believe dark wallet and in the future others will have it enabled as default out of the box.

A research paper on coindesk recently stated that even with NO masking efforts they could only trace 10% of transactions by looking at the blockchain.

doldgigger

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Activity: 170

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Quote from: kashish948 on June 11, 2014, 03:07:27 PM

Why does Bitcoin not implement anonymous transactions feature? It would definitely be huge if it is implemented!

Bitcoin does not connect addresses to names. But most Bitcoin users decide to sacrifice their anonymity for convenience because they want to buy Bitcoins on exchanges, which are usually regulated.

Nerazzura

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Quote from: kashish948 on June 11, 2014, 03:07:27 PM

Why does Bitcoin not implement anonymous transactions feature? It would definitely be huge if it is implemented!

Also, if such features are not implemented what does BTC have apart from being the first and accepted by a large number of merchants? So why not implement the newest features from altcoins?

for while it may not, but if bitcoin continues to grow. to at least maintain its present state, it will happen soon. but if not, the worst possible it will happen that bitcoin will disappear

valley365

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I think anon feature can be an add-on feature, does not need to be with the bitcoin core part.

JeffGarcia

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Of course not. Bitcoin's anonimity is fine as it is - more is not required.

Jeff

doldgigger

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There are so many nice to have features that you cannot possibly implement them all in Bitcoin without making it huge and unstable. I think it is to be considered as a huge benefit that the Bitcoin developer community does not try to jump on every bandwagon that comes along, but instead focuses on maintaining a stable core. There are promising altcoin projects which explore advancements on the cash-like properties of a cryptocurrency, though, and who knows, maybe some approach or another will be considered robust and useful enough to find its way into Bitcoin some day.

joshraban76

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And even if you want anon., there are several ways there for being anon. like mixing or converting to other altcoin.

monsterbitty

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Quote from: kuverty on June 12, 2014, 11:34:03 AM

Quote from: monsterbitty on June 12, 2014, 11:26:43 AM

If they would implement such feature, I am pretty sure government would have easily destroyed them by now. Just see what happened to liberty reserve.

Them? They?

Liberty Reserve was centralized, it was easy. Bitcoin would survive, but exchanges and mainstream adoption would suffer so it wouldn't be the best idea probably. It's best to have a separate cryptocurrency for true anonymity.

yes, I agree with you in that point, may be a separate cryptocurrency which has total anonymity.

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