Bitcoin Forum

Hello bitcoin experts!

I have seen this video about bitcoin:http://youtu.be/J52AM5SrOHw (http://youtu.be/J52AM5SrOHw) the creator of the video is saying that satoshi made one mistake when he created bitcoins and we only can solve the that mistake by giving the miners a little bit of identity and then ensire that bitcoins are decentralized.

Is that true? I need your opinions!

Interesting but anonymity is one of things that drew me to bitcoin to
begin and would have to think we would lose a lot of users.

I think the best think to do is to work together helping these countries
that want to ban it, that its a good thing and they should be friendlier
and more open minded to bitcoin users.

well bitcoin was never mean to be 100% anonymous, and it is simply impossible, to do not beacause there will be no tech for doing it in bitcoin directly, but for this simple reason

when you purchase something, using bitcoin or rocks or women or whatever you want, you need to provide your shipping address, this will kill any anonymous point

I personally agree with the fact anonymity s the single worst  trait Satoshi gave to BTC. It attracts scammers, ponzi operator and similar slime. These people scam good people and deter them from using BTC. If you dont do with illegal stuff, why hide? If you do illegal stuff, I dont want u in BTC.

While I quite agree that it doesn't bring good to BTCBTCBTC, I think that having to tie your identity to your bitcoin address is pretty much against the principles of bitcoin itself.

You don't have to be an expert to know nothing can be perfect. Anonymity is what makes this currency so unique, you can't say anonymity is the worst feature because it's in fact the essential feature

I do not see it as big mistake, there is not absolute anonymity as every transaction is trackable and wallets contains address. There will allways be people who want to abbuse system.

Bitcoin is not anonymous payment method at all. Because all transactions that were ever made are available for public in the blockchain.
If you mean with anonymity that no one need to give personal details to create a wallet, that's true.
But this is the same with any currency. People can use fiat without revealing their personal info

bitcoin is as anonymous as you want to a certain extend. as you say, when you buy stuff where you need to provide your home address details, then the advantage of being semi-anonymous is gone. when it comes to hiding the identity of your coins, mixers will help you achieve that. then again, it's only semi-anonymous as you can't sell them on exchanges without your bank details etc. as long as you hold the mixed coins, no one will know who the coins are from.

Well, most users prefer being anonymous, and not showing off their identity. Anonymity is a good thing in bitcoin, so I don’t think satoshi made any mistake about that, and he himself is trying to stay anonymous, and doesn’t want any body to know who he is, and till today nobody knows him.

for me im on the fence about anonymity.. but i think satoshi done the right thing.. by not making it compulsory to have ID just to own bitcoins, allows the world to choose if they want to add a layer ontop to give identity, or leave it as pseudonymous as a person likes.

basically if a person or business wants to hide.. let them hide .. hide so well you never have to deal with them.
if you want someone to give ID.. they can.. but if they choose not to.. then dont deal with them

its a choice, which i respect. i just wish some people actually ask strangers for ID before handing them funds.. instead of then blaming bitcoin for not being able to grab that recipient hold and slap him with a wet fish if he done wrong.

basically if you dont trust someone.. ask.. if they dont tell, dont trade.. thats the best ethos of a free market

Bitcoin is not anonymous (http://www.bitcoinisnotanonymous.com/). It never was. It is pseudo-anonymous.

50% of your posts are you spamming that link.. atleast use one of the links within your link (bottom of your page) as a more direct way of explaining why..
as all your pages is a lot of waffly quotes that bore people before it even gets to the explanation

So dont read it.

Edit:
But thanks for noticing that only 50% of posts have this link. I added it to my signature now. So all posts will have it.

Satoshi made it pseudo-anonymous for a reason.... You get the same financial "privacy" when you work with cash. It can be traced, if you use it in the wrong way. If Satoshi made

it less anonymous, everyone would be complaining about that, and they would not be using it, because it would be perceived as a infringement of their financial privacy.

You have to take the good with the bad... just like we doing with the internet.  ::)

How can something be a mistake if it was implemented on purpose? He never claimed it would be 100% anonymous, therefore it is not a mistake that it is not.

Full anonymity is a utopian world (and probably not even that, because it would cause soo many problems with illegal stuff). For normal legal use you can become anonymous enough if you do your best nowadays.

Yes, it seems to me if an attacker, who wishes to destroy bitcoin, gains greater than 50% control then bitcoins's in trouble, yes?

Let's assume the attacker has more than 50% but less that 66.666...% control - so can mine nearly twice as many blocks as the rest of the miners put together. What are the consequences? What can the attacker do? Is there a defense? The attacker can create bad blocks (double spends or whatever) but the other miners will reject the bad blocks. However,  the attacker keeps extending its fork of the blockchain, containing the bad blocks, at near twice the rate of the honest blockchain. But AISI, the attacker's fork can be shown to contain bad blocks. Can that fact be used, by honest miners,  to deter ordinary (non-miner) users from using the corrupt fork?

Pseudo anonymous can be a good feature for bitcoin. It will let authority track the illegal use of bitcoin.

So does cash and banks. What is your point exactly?

It is very good. If it was completely anonymous then there would be problems (especially with regulations).

It is not a mistake. It is the subjective opinion of certain individuals. Just imagine if anyone in the world could connect each transaction to the person behind it? Who would use such a system? I certainly would not.

I don't believe there was any mistake at all. It is a needed currency.

Not really. People using bitcoin for illegal activity already probably know that bitcoin is not anonymous, and know how to deal with it (e.g. use mixers, always new addresses, etc.).  The problem is with an average joe, who may not know that his nosy neighbour can see all his transactions if the neighbour will learn joe's address or addresses. Or a company who may use bitcoin for its transactions and give away its concurrency information how much they are using bitcoins, if the addresses used will be known.

does any altcoin have a proof of work system that forces decentralization built into it in a respect where any botnet, mining center or what not all would not be viable options but running stuff from home computers would be?

It's only a mistake when people cannot do what they need to do effectively and efficiently. We cannot have anymore breaches of privacy in terms of money.

People like bitcoin because it is anonymous and people can have their money hidden from government. Without identity bitcoin can be used by the people like me where other global payment processor doesn't allow their services, so bitcoin is perfect interms of privacy and function than traditional system.

I usually don't think of "Satoshi" and "mistake" in a sentence together.  It is simply beautiful design and will work itself out in time.

Bitcoin is not anonymous. Please check bitcoin.org or link in my signature. For example, from bitcoin.org:

https://bitcoin.org/en/you-need-to-know


or offical bitcoin FAQ: https://bitcoin.org/en/faq#is-bitcoin-anonymous

Absolutely true. The small miners are not getting any chances to get profitable sum of bitcoins because the difficulty level is too high.

You have to buy 5 Antminer S7 to get 1 btc in one day. ???

In 2009 when Satoshi mined, he could mine 50 bitcoins in every 12 hours. 

satoshi was able to mine 50 bitcoins in every 12 hours is because their were only very low user of bitcoin and miner were not that much so load was low , that is why he was able to mine it fast, but now so many miners are their so now the load is 10 times more , so it is clear that it will be some what difficult in mining and the profit will be less.

the programmers are also working on that and still they are in process once it they get result they will surely updated it.

satoshi made mistake what others are telling is that is not mistake , doing process without identification is not bad. why even fiat currency sites you give full identification even then their are scammers who are scaming and no one is able to find them. their is always negative and positive side of all process.

Well, Bitcoin is neither fully anonymous, nor decentralized because,

• Every single transaction that were ever made are available in the blockchain and your personal info is being tied with your address whenever you are making a purchase online or offline(= hand to hand transactions).

• Bigger pools = better stability for the network = Pseudo-centralization (See for yourself (https://blockchain.info/pools?timespan=24hrs))

I think this pretty much sums it up to denote the current position of Bitcoin protocol.

https://i.imgur.com/slLdaw7.jpg

What "little bit of identity" are you talking about???
It's a fact that nothing can be hidden completely, which means that nothing can be "purely anonymous"...
Satoshi didn't just had only one thing in mind, he had this innovative concept because he wanted to let people control their own monetary holdings...

yes i think anonymity is a really a reason to worry but if is pritty helpful too.we know not knowing the important information of the dealer is a big risk but bitcoin has also take a lot of precausions to minimise that risk but it still didnt completly finished that risk.bitcoin has made the whole network anonymus with their random hashes or so called bitcoin addresses or better call them bitcoin based keys but still i think peoples should take some precaustions for that small risk as that small risk is enough for a hacker or a crypto thief to stole our balance or other important informations

No, no mistake about it here. Hopefully we'll be fine. As far as I am sure it'll be okay. Bitcoin is cool.

i think bitcoin is quite balance between annoymity and decentralise. however, i am worried that the bitcoin is not able to spread out evenly and will dominate by minority. in this way, it is not healthy for the whole population.

satoshi made several mistakes but I dont think trying to make it anonymous is one of them. If you want chargeback then use paypal. To have an identity linked to an BTC address would reveal much more than fiat does or an creditcard. Its hard to make one payment system that will fit all situations and its good to have choices. Simply put use the one you want and need for that transaction you are going to do.

Nothing can be abslutely anonymous and the Government also can track our transactions but bitcoins have made it a bit difficult for them to get the total amount we own in bitcoins and then apply taxes on the amount. Bitcoin is one of the best currencies as it's a currency that we own and we can mine unlike other recognized currencies and hence people are drawn towards it. It's not only the anonymity factor that matters to many.

Bitcoin is not truely anonymous. But it allow us to send payment without using the bank, so it is good for some poor people.

It's not anonymous, it is pseudonymous. Those are two different things that get confused.