Well bitcoin gives us a chance or rather a way to make anonymous transactions but still on a transparent block chain. Firstly there would be no way for some one to track your transactions if they don't have a single clue. The most common is address and if you make use of HD wallets, it actually kind of makes the transaction anonymous by moving your coins around different wallets however it's not very effective if the person monitoring those coins understands how HD wallets work.
Volume doesn't really change much but switching within different currencies is used most times especially with privacy coins like monero. Some can make use of a DEX to swap BTC to Monero then let it sit for a couple of days before swapping back to BTC.
Topic: Will the high volume of transactions make Bitcoin more anonymous? - page 2. (Read 288 times)
November 22, 2024, 09:37:19 AM
November 22, 2024, 08:31:03 AM
Nothing changed. Metadata is still being collected by blockchain analysis companies and their capabilities are probably still handling the transaction volumes well. Tracking users by observing the blockchain for patterns is a poor method of analysis and from my knowledge isn't the best method of trying to uncover links between different identities. If that is the case, then higher transaction volume equals to having a higher likelihood of different entities having the same patterns.
Anyhow, the problem isn't with this but its really just how people generally have bad privacy habits and it isn't difficult to deanonymize them. This is completely independent of the transaction volume.
Anyhow, the problem isn't with this but its really just how people generally have bad privacy habits and it isn't difficult to deanonymize them. This is completely independent of the transaction volume.
November 22, 2024, 08:24:54 AM
As it was before, the volume was good. I mean the high number of transactions. But it is better you are anonymous for a good reason and not for a bad reason. If you are anonymous for a god reason, it will be hard for someone to track you down. Unlike if the government are involved like in scam or hack that huge amount of coins are stolen. It has been since the creation of bitcoin that some people are anonymous.
November 22, 2024, 08:15:43 AM
Nowadays it's clear that Bitcoin is not anonymous and it's getting easier every day to track Bitcoin transactions because there we have blockchain where absolutely every transaction is stored. I don't know what methods are used today to track Bitcoin transactions but those who know more about it, what do you think, will high volume of transactions make it hard for blockchain technologies companies to track Bitcoin transactions? I mean those transactions that use mixers, CoinJoin and btc to monero exchange methods to hide the identity.
So, my question is, what do you think, will the increased number of Bitcoin transactions, I mean hundreds of millions of transactions every day make it hard or almost impossible for blockchain analysis companies to track people? I think that time plays a significant role, i.e. if you send 1 Bitcoin to exchange it in Monero and then send it back in a few hours, it will be easier to track you but with millions of transactions, it should be very difficult to track, right?
So, my question is, what do you think, will the increased number of Bitcoin transactions, I mean hundreds of millions of transactions every day make it hard or almost impossible for blockchain analysis companies to track people? I think that time plays a significant role, i.e. if you send 1 Bitcoin to exchange it in Monero and then send it back in a few hours, it will be easier to track you but with millions of transactions, it should be very difficult to track, right?
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