Bitcoin Forum

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 (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.

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!

Are the Bitcoin Cash promoters getting desperate?

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.

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.

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 ;)

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.

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.

"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^

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.

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 :)

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.

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.

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.

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.

My logic was like this, but I probably wrong:


Biger block contain biger transaction numbers and it is harder to trace them.

It is like 3 apples in basket with 1 mb size block and 24 apples  in basket in 8 mb block.

I mean tracing dificulty will increase 8 time more, because it is 8 time more transaction mixed together in 1 block.


But it seems my logick is wrong. Because it will be otherwise easier to trace biger blocks, because less transactions will be made.

Bitcoin was always traceable. It is not anonymous and it's not clear "now". It has been clear since its creation.
8 MB blocks have nothing to do with it.
It seems you lack a fundamental understanding of how Bitcoin works, start here:
https://bitcoin.org/bitcoin.pdf
https://bitcoin.org/en/faq

Yes, I considered operations with bitcoin to be completely anonymous. But it turns out that with frequent transactions, given the general availability of the transaction log, you can trace the patterns and reach out to a specific person. Bad. There is still no complete anonymity of bitcoin.

Yeah it seems they are desperate after getting ignored by bitstamp and coinbase. Also support for segwit is growing rather than dropping down so bitcoin cash might see a big crash when it will be listed.

Bitcoin cash have nothing different than bigger blocks from what I know which might not add any more anonymity to transactions.

Bitcoin is known to be pseudo-anonymous and traceable. There were user errors together with errors from the Hansa Market owner. Analysts said that a name like Hansa clearly demonstrates to the authorities where to start their search and in fact the servers were in Germany, Lithuania and Netherlands, not very clever by the owners. Also users posting their real address because they were desperate for fetalynin  or whatever that extremely dangerous drug is called. There are certain rules to be followed when using TOR and its websites. Game over for them.

I hear of this, a lot of money he has made. I wonder where it will all go?

btc is a world government operation. Surely they can track all transactions...

Is this a comment to make people think bit cash won't be?

Everything is traceable. Super silly to not think so. When a city wants more police on the payroll what's the chance citizens will willingly agree to extra taxation? Slim. But have or highlight a bunch of crime and you get the citizens begging for it.

Crypto world is no different. Do y'all really think there are 2 sides?

I still dought on this statement. well Bitcoin is a semi anonymous transaction network where people can normally have untraceable transactions but if they try to get some of their personal details or some personal method invoved then it compromises some privacy and so the transactions became vulnerable to other users and they became traceable. now our money will be seized by the government even if we did not do anything wrong.

 ::)It's not new... And you can imagine all the problems that this may cause and possibly even curb or stop in the worst case the adoption of Bitcoin. We all know that now anonymous altcoins have appeared and so they offer something really interesting compared to bitcoin, in any case. Do you think that anonymous altcoins have a chance to go further than bitcoin one day? Personally, I feel much better with anonymous altcoins when I know that I am the only one able to know how many units I own and to whom I send them.

Bitcoin has always been traceable. I don't know why it comes as such a big surprise now lol. I don't believe Bitcoin Cash will offer any better anonymity to be honest. If you want a better solution look for more specialized alt coins so to speak. There is a few of them out there already.

yes it is traceable, Moreover deposit many btc in 1 wallet address, and it is the consequent that you need to provided personal infos including ID when using exchanges services. which them saving all member, IP address and any others info.
are this information are secured? i don't think so.

Yeah, I know this before It is very hard to trace somebody just by bitcoin address. Moreover, I do not think that alphabay or btc-e founders were caught cause of bitcoin. There are many ways to catch a people and the FBI know how to do that

Well it is a good thing for bitcoin to be traceable because some people might fraudulently laundered it to perpetuate crime with it  especially terrorists.
Every transactions should be traced and monitored this will help to curb illegality of using bitcoin.

Slightly eliminates the original nature of bitcoin, but I do not mind it because it also concerns the regulatory interests of the world economy, I just regret it if it happens it will soon happen the onslaught of the tax sector, and will have an impact on our Income on any fund we get from bitcoin.

I think bitcoin traceable does not mean that the people who are using bitcoin can be traced easily. Bitcoin traceable mean that control on bitcoin is traceable or not. America has unique technology in computer sector and have wonderful knowledge of Information Technology across the world, so why they are not able to trace the cods of bitcoin. I think it is decentralized and uncontrollable.

Offcourse it is traceable, all transactions can be seen on the blockchain, and whenever funds are moved they can be traced. To remain anonymouse never ever use an exchange or associate your address with anything that ask for kyc or knows you.

There are so many things wrong with this, that I do not know where to begin, the blockchain is public you can see every transaction ever made there, there has never been a controversy there, bitcoin is not anonymous, second the hard fork bitcoin cash only offers bigger blocks and that does not help with anonymity at all, unless I’m missing something.

State surveillance is hard wired into ISP's. There are also surveillance programs like carnivore, echelon, etc. To an extent most things on the world wide web are logged and traceable. To my knowledge neither bitcoin nor crypto were designed to be untraceable. The first indication of this is the publicly accessible ledger.

The truth is, if you want untraceable transactions cash works better for that purpose than crypto or btc. If someone is motivated to hide their transactions they'll use fiat rather than btc.

Also it is possible that some of those behind wannacry and other ransomware are state sanctioned, they work for a government. Or they live in a country that doesn't extradite criminals to foreign countries to face prosecution. That's why some of them don't get caught. Its not primarily due to crypto being hard to trace.

What can we do with this damage? Why there are elements who become destroyers in every activity that becomes a source of income ..