Title: Transferring BTC through different wallets makes it anonymous? Post by: papasmurf on November 05, 2013, 09:15:30 PM I was just thinking after reading an article about how easy it is to trace bitcoin
back to where you bought it and who you are. Say you buy 1btc from a website where you verify and send your id, bank account details confirmed etc. etc. this is obviously not very anonymous, so potentially, could you just make, say 5 different wallets, only 1 of which is connected to your account on the exchange site, then just send your received bitcoin through all 5 leaving it in the 5th one. Surely this would mean it would be incredibly hard to trace back to the first purchase? This is all theoretical, I don't even own bitcoins, but is just an interesting idea, I'm sure it has been discussed before but I couldn't find anything. So do you think this would work to make sure your bitcoins were always unassociated with you and anonymous? Title: Re: Transferring BTC through different wallets makes it anonymous? Post by: Birdy on November 05, 2013, 09:22:54 PM It will help a bit, your transaction is still connected in a straight line with the others, someone having your data from the first address wouldn't know it's your address, but they could assume it.
Using a mixing service is way more effective. Title: Re: Transferring BTC through different wallets makes it anonymous? Post by: papasmurf on November 05, 2013, 09:28:09 PM hmm, interesting reading, thanks :)
Title: Re: Transferring BTC through different wallets makes it anonymous? Post by: exstasie on November 05, 2013, 09:36:21 PM What about transferring funds to a random Gambling account. Then transfer internally from one gambling account to another (within the same site) then withdrawal to a different wallet. Technically only the merchant would know that there was a transfer between accounts.
Title: Re: Transferring BTC through different wallets makes it anonymous? Post by: Birdy on November 05, 2013, 09:39:14 PM What about transferring funds to a random Gambling account. Then transfer internally from one gambling account to another (within the same site) then withdrawal to a different wallet. Technically only the merchant would know that there was a transfer between accounts. Depends on the inner workings of that gambling website. A lot of websites will mix up the coins anyway, e.g. inputs.io. |