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Title: Bitcoin and anonymity Post by: TimtheYoutuber on January 01, 2018, 06:05:35 PM To learn more about Bitcoin and its Anonymity features, check out my Medium post: Bitcoin and Anonymity
(http://www.goo.gl/dqKGio) Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Title: Re: Bitcoin and anonymity Post by: LeGaulois on January 01, 2018, 08:07:12 PM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it.
Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither. I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin Title: Re: Bitcoin and anonymity Post by: bigvito19 on January 01, 2018, 08:29:40 PM I love the anonymity
Title: Re: Bitcoin and anonymity Post by: baradfo on January 01, 2018, 08:32:17 PM Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known.
Title: Re: Bitcoin and anonymity Post by: CrimsonKitties on January 01, 2018, 08:37:40 PM I think the biggest issue with privacy is a large percentage of people think its only for criminals. No matter how many servers get hacked. They often hold an irrational thought that if there's nothing to hide there's no need for privacy. This will change but not anytime soon.
Title: Re: Bitcoin and anonymity Post by: tomahawk9 on January 01, 2018, 08:58:48 PM So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Most of the cryptocurrency users (especially newcomers) don't care about privacy or anonymity, they just want to invest in a crypto that garantees high profits in a short amount of time. People no longer care about the tech behind a cryptocurrency, except for those who have been in the crypto community for a long time, or those tech savvy people. Also, in order for a privacy coin to grow exponentially, it needs investors, but it is very risky to invest in a altcoin that barely no one uses, that's why their market cap is low. And we aren't stuck with Bitcoin since anyone can choose another crypto for privacy reasons (and there are a lot of better options) but it is too much of hazzle for the average joe to start reading about altcoins and try to find out which one of the +1300 cryptos provides the optimous level or privacy/anonymity. And when you find one, you discover that 'X' crypto doesn't have any real usage other than for trading or speculation. That's why people choose Bitcoin, it offers more than fine levels of privacy, and it is the most popular cryptocurrency. Simple as that. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 01, 2018, 09:18:55 PM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it. Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither. I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin That is a very true, and a huge problem. If coins are not used, the whole ecosystem can be screwed. I love the anonymity I like them too, however I was just talking generally with this thread. Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known. Yeah I have noticed a lot of coins in 2017 have been building around privacy, and I think we might see a change into more private coins. I think the biggest issue with privacy is a large percentage of people think its only for criminals. No matter how many servers get hacked. They often hold an irrational thought that if there's nothing to hide there's no need for privacy. This will change but not anytime soon. This is also a good point. Lots of people still think Bitcoin is only for hackers. Most of the cryptocurrency users (especially newcomers) don't care about privacy or anonymity, they just want to invest in a crypto that garantees high profits in a short amount of time. People no longer care about the tech behind a cryptocurrency, except for those who have been in the crypto community for a long time, or those tech savvy people. Also, in order for a privacy coin to grow exponentially, it needs investors, but it is very risky to invest in a altcoin that barely no one uses, that's why their market cap is low. And we aren't stuck with Bitcoin since anyone can choose another crypto for privacy reasons (and there are a lot of better options) but it is too much of hazzle for the average joe to start reading about altcoins and try to find out which one of the +1300 cryptos provides the optimous level or privacy/anonymity. And when you find one, you discover that 'X' crypto doesn't have any real usage other than for trading or speculation. That's why people choose Bitcoin, it offers more than fine levels of privacy, and it is the most popular cryptocurrency. Simple as that. This is very true, I just wonder how long pushing it aside and sticking with bitcoin since "it is good enough" will last. If more people are educated around cryptocurrency and understand to invest in better coins with solid backgrounds, I still dont know if privacy would be a huge deal. If the majority of people dont care about it, then privacy coins that are specific, might not be the best choice. Title: Re: Bitcoin and anonymity Post by: BitcoinHomework on January 01, 2018, 09:29:29 PM Hello Everyone,
Anyone interested in s FREE educational course about this topic? https://bitcoinhomework.com/course/bitcoin-and-anonymity-part-1/ Title: Re: Bitcoin and anonymity Post by: HeRetiK on January 01, 2018, 09:32:34 PM [...] And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Maybe the amount of pseudo-anonymity is already enough for most people? In general, people care more about convenience than privacy. Hell, there's little people don't give up for convenience. Of the options that I'm aware of, all have downsides on other fronts (BTC being the baseline): XMR -- High fees, low scalability ZEC -- Single point of failure in the form of a central corporate entity GBYTE Blackbytes -- Centralized token issuance and trust-dependent consensus Of course the respective tradeoffs may be seen as worthwhile, but the point is that there's no such thing as a free lunch. I'd be curious to know what other privacy focused alts there are currently available though. [...] I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that. Privacy has long been dead and people embraced its death with open arms. Title: Re: Bitcoin and anonymity Post by: gantez on January 01, 2018, 09:36:09 PM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it. Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither. I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin That is a very true, and a huge problem. If coins are not used, the whole ecosystem can be screwed. I love the anonymity I like them too, however I was just talking generally with this thread. Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known. Yeah I have noticed a lot of coins in 2017 have been building around privacy, and I think we might see a change into more private coins. I think the biggest issue with privacy is a large percentage of people think its only for criminals. No matter how many servers get hacked. They often hold an irrational thought that if there's nothing to hide there's no need for privacy. This will change but not anytime soon. This is also a good point. Lots of people still think Bitcoin is only for hackers. Most of the cryptocurrency users (especially newcomers) don't care about privacy or anonymity, they just want to invest in a crypto that garantees high profits in a short amount of time. People no longer care about the tech behind a cryptocurrency, except for those who have been in the crypto community for a long time, or those tech savvy people. Also, in order for a privacy coin to grow exponentially, it needs investors, but it is very risky to invest in a altcoin that barely no one uses, that's why their market cap is low. And we aren't stuck with Bitcoin since anyone can choose another crypto for privacy reasons (and there are a lot of better options) but it is too much of hazzle for the average joe to start reading about altcoins and try to find out which one of the +1300 cryptos provides the optimous level or privacy/anonymity. And when you find one, you discover that 'X' crypto doesn't have any real usage other than for trading or speculation. That's why people choose Bitcoin, it offers more than fine levels of privacy, and it is the most popular cryptocurrency. Simple as that. This is very true, I just wonder how long pushing it aside and sticking with bitcoin since "it is good enough" will last. If more people are educated around cryptocurrency and understand to invest in better coins with solid backgrounds, I still dont know if privacy would be a huge deal. If the majority of people dont care about it, then privacy coins that are specific, might not be the best choice. One of the major reason why people just simply stick with bitcoin is that it has been tasted and trusted. Many people don't actually mind to invest in an altcoin and wait for a longer time but some of the altcoins end up being fraudulent - Imagine a coin after raising fund from ico would have the site crashing up and won't come back - this is pathetic and one reason people hook up with bitcoin because of its guarantee. Title: Re: Bitcoin and anonymity Post by: OROBTC on January 01, 2018, 09:39:15 PM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it. Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither. I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin That is a very true, and a huge problem. If coins are not used, the whole ecosystem can be screwed. I love the anonymity I like them too, however I was just talking generally with this thread. Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known. Yeah I have noticed a lot of coins in 2017 have been building around privacy, and I think we might see a change into more private coins. I think the biggest issue with privacy is a large percentage of people think its only for criminals. No matter how many servers get hacked. They often hold an irrational thought that if there's nothing to hide there's no need for privacy. This will change but not anytime soon. This is also a good point. Lots of people still think Bitcoin is only for hackers. Most of the cryptocurrency users (especially newcomers) don't care about privacy or anonymity, they just want to invest in a crypto that garantees high profits in a short amount of time. People no longer care about the tech behind a cryptocurrency, except for those who have been in the crypto community for a long time, or those tech savvy people. Also, in order for a privacy coin to grow exponentially, it needs investors, but it is very risky to invest in a altcoin that barely no one uses, that's why their market cap is low. And we aren't stuck with Bitcoin since anyone can choose another crypto for privacy reasons (and there are a lot of better options) but it is too much of hazzle for the average joe to start reading about altcoins and try to find out which one of the +1300 cryptos provides the optimous level or privacy/anonymity. And when you find one, you discover that 'X' crypto doesn't have any real usage other than for trading or speculation. That's why people choose Bitcoin, it offers more than fine levels of privacy, and it is the most popular cryptocurrency. Simple as that. This is very true, I just wonder how long pushing it aside and sticking with bitcoin since "it is good enough" will last. If more people are educated around cryptocurrency and understand to invest in better coins with solid backgrounds, I still dont know if privacy would be a huge deal. If the majority of people dont care about it, then privacy coins that are specific, might not be the best choice. With some thought you can get "Pretty Good Anonymity" if you are careful (cautious) here in Bitcoinistan. The biggest problem re privacy IMO is that the Entrance & Exit Ramps can be easily monitored (buying something with BTC for example, well, they have to SHIP it to you...). Still: -- Bitcoin mixing -- Buying from localbitcoins and/or other places (many BTC ATMs in Europe do not require ID) -- Using TOR and/or VPN -- Getting a used laptop from a pawnshop and only using it at places (w/ wifi) where you normally do NOT go... There are other ways to run silent and run deep even with Bitcoin. Bitcoin is accepted by so many merchants that it is useful to have some BTC to buy something if necessary. Title: Re: Bitcoin and anonymity Post by: EcoChavCrypto on January 01, 2018, 09:45:12 PM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it. And they are the shit of cryptos, all those people who are only speculating or just using bitcoin or any other crypto just for profit purposes or just to make a x2 x3 x100 x1000 from their money are the ones who deserve to lose everything. I hate them all, i dont know why they are still considering bitcoin as a "fast rich scheme" instead of a good solution to stop using banks as a third party. I dont know, and we dont know what is going to happen, but those who are doing exactly that, are the ones who do not care a shit about privacy Title: Re: Bitcoin and anonymity Post by: dzkazmi on January 01, 2018, 10:24:45 PM Its not that much anonymous anymore specially how governments wants the exchanges to give the data for tax reasons.
Title: Re: Bitcoin and anonymity Post by: BitHodler on January 01, 2018, 10:33:57 PM Its not that much anonymous anymore specially how governments wants the exchanges to give the data for tax reasons. It has never been that anonymous anyway, but I do agree that with how exchanges more and more force people to verify themselves, the "anonymity" that people were enjoying, has decreased to the absolute bottom.I however don't see this as being much of a problem since there are decentralized exchanges you can use, mixers, and even directly certain on anonymity focused altcoins to largely get rid of your personal taint. At the end of the day, it's not for nothing that the peer to peer markets have all been increasing in usage significantly. It was quite a thin market back in the days, and somewhat still is, but it's growing rapidly, and that's important. The more volume, the more utility the peer to peer markets will have. Title: Re: Bitcoin and anonymity Post by: eaLiTy on January 01, 2018, 10:47:13 PM I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that. Privacy has long been dead and people embraced its death with open arms. Majority of the anon coins are just pseudo anonymity and in order to have a free trade in compliance with the government and to run an exchange ,i think it is really difficult if a coin is truly anonymous and so is the reason we are seeing all these anon coins but with a back door :D I really would like to deal things and have my privacy but the world has changed and governments are least bothered about their citizens privacy as they want to have a tab on each and every individual.Title: Re: Bitcoin and anonymity Post by: icanscript on January 01, 2018, 10:55:09 PM Each level of anonymity has its own cost.
There is a certain level of costs that would cover its anonymity. Each person, he decides for himself what level of anonymity he needs. Title: Re: Bitcoin and anonymity Post by: desi92 on January 01, 2018, 11:00:37 PM The role of Anonymity in Bitcoin. (http://www.goo.gl/L3j3mK) is a course built around the question, "Is bitcoin really anonymous? " and it is a question that a lot of people are starting to ask as they enter the market. Some of you who may have been interested in cryptocurrency for a while might not even know that Bitcoin is not very anonymous. Now you might be thinking, what if I use mixers/tangles etc? The fact is, technology is being built, and some has already been built to figure out the path of transactions. Which can lead to your individual identity if you ever try to actually utilize the value of bitcoin. Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Well, so many people concern about the anonymity of bitcoin. They like to get anonymous when they have transaction with bitcoin. I know bitcoin is true not really anonymous but for me it does not matter. I dont mind bitcoin anonymous or not. I am joining in this cryptocurrency have 2 goal. Frist goal as anyone want that is profit from trading or investing. Second, i want to learn or at least i know about this great technology. Title: Re: Bitcoin and anonymity Post by: Scallywag on January 02, 2018, 02:18:06 AM The hard part is to sell anonymously , when you want to get money to your bank account you are gonna have to trust some people with your information.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 02, 2018, 05:13:11 AM Maybe the amount of pseudo-anonymity is already enough for most people? In general, people care more about convenience than privacy. Hell, there's little people don't give up for convenience. Of the options that I'm aware of, all have downsides on other fronts (BTC being the baseline): XMR -- High fees, low scalability ZEC -- Single point of failure in the form of a central corporate entity GBYTE Blackbytes -- Centralized token issuance and trust-dependent consensus Of course the respective tradeoffs may be seen as worthwhile, but the point is that there's no such thing as a free lunch. I'd be curious to know what other privacy focused alts there are currently available though. [...] I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that. Privacy has long been dead and people embraced its death with open arms. That is certainly a good argument, pseudo-anonymity is certainly enough for more people. However businesses certainly would need something more anonymous, I think the biggest thing for people to understand is that bitcoin is pseudo anonymous and not fully anonymous. Title: Re: Bitcoin and anonymity Post by: TheGodFather on January 02, 2018, 06:55:05 AM The role of Anonymity in Bitcoin. (http://www.goo.gl/L3j3mK) is a course built around the question, "Is bitcoin really anonymous? " and it is a question that a lot of people are starting to ask as they enter the market. Some of you who may have been interested in cryptocurrency for a while might not even know that Bitcoin is not very anonymous. Now you might be thinking, what if I use mixers/tangles etc? The fact is, technology is being built, and some has already been built to figure out the path of transactions. Which can lead to your individual identity if you ever try to actually utilize the value of bitcoin. Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Normally people use cryptocurrency and bitcoins more specifically to facilitate trading or to generate an income. Howerver there are some cases wherein bitcoin is used to make transactions more private and anonymous and that’s where the strength of bitcojn is too Title: Re: Bitcoin and anonymity Post by: player514 on January 02, 2018, 06:59:42 AM The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it. Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither. I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin Eh, I don't think I'd agree with your first statement completely. Sure, maybe not a majority of people are using cyrptocurrency as privacy measures or even as a currency in itself, but I believe that those who transact those hundreds of thousands/millions of dollars in crypto are using bitcoin solely because of its anonymity. After all, governments are finding a major issue in bitcoin due to this. People can be using the coins to transact for illegal activity. ISIS has been found to use bitcoin and supporters have also been sending money through BTC. I think the anonymity is a major part of what makes bitcoin bitcoin even though it may not be for the best purposes. Title: Re: Bitcoin and anonymity Post by: sunneybitc on January 02, 2018, 07:05:43 AM Bitcoin is pseudo anonymous. There isn't 100% anonyminty with it. The only coin that is 100% anonymous is Monero.
Title: Re: Bitcoin and anonymity Post by: jseverson on January 02, 2018, 07:22:15 AM The role of Anonymity in Bitcoin. (http://www.goo.gl/L3j3mK) is a course built around the question, "Is bitcoin really anonymous? " and it is a question that a lot of people are starting to ask as they enter the market. Some of you who may have been interested in cryptocurrency for a while might not even know that Bitcoin is not very anonymous. Now you might be thinking, what if I use mixers/tangles etc? The fact is, technology is being built, and some has already been built to figure out the path of transactions. Which can lead to your individual identity if you ever try to actually utilize the value of bitcoin. Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? This is a question that can be answered with another question: Why is Bitcoin the most valuable cryptocurrency when it's currently one of the slowest, most expensive cryptos? That would be because few people actually care about the tech, and more about the gains they could get. Don't get me wrong, cryptos can certainly challenge the status quo in terms of being a payment system, but with their value rising like they do, there's little reason to use it for anything else but an investment. Bitcoin is currently the main player and while it's not fully anonymous, it provides adequate privacy. Not everyone requires full anonymity after all. However, should future regulations compromise Bitcoin's privacy, it's not hard to imagine that cryptos like Monero will be at the forefront, and Bitcoin will need to be updated. Title: Re: Bitcoin and anonymity Post by: logicgate on January 05, 2018, 08:29:28 PM Maybe the amount of pseudo-anonymity is already enough for most people? In general, people care more about convenience than privacy. Hell, there's little people don't give up for convenience. Of the options that I'm aware of, all have downsides on other fronts (BTC being the baseline): XMR -- High fees, low scalability ZEC -- Single point of failure in the form of a central corporate entity GBYTE Blackbytes -- Centralized token issuance and trust-dependent consensus Of course the respective tradeoffs may be seen as worthwhile, but the point is that there's no such thing as a free lunch. I'd be curious to know what other privacy focused alts there are currently available though. [...] I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that. Privacy has long been dead and people embraced its death with open arms. That is certainly a good argument, pseudo-anonymity is certainly enough for more people. However businesses certainly would need something more anonymous, I think the biggest thing for people to understand is that bitcoin is pseudo anonymous and not fully anonymous. Title: Re: Bitcoin and anonymity Post by: socks435 on January 05, 2018, 09:08:58 PM Maybe the amount of pseudo-anonymity is already enough for most people? In general, people care more about convenience than privacy. Hell, there's little people don't give up for convenience. Of the options that I'm aware of, all have downsides on other fronts (BTC being the baseline): XMR -- High fees, low scalability ZEC -- Single point of failure in the form of a central corporate entity GBYTE Blackbytes -- Centralized token issuance and trust-dependent consensus Of course the respective tradeoffs may be seen as worthwhile, but the point is that there's no such thing as a free lunch. I'd be curious to know what other privacy focused alts there are currently available though. [...] I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that. Privacy has long been dead and people embraced its death with open arms. That is certainly a good argument, pseudo-anonymity is certainly enough for more people. However businesses certainly would need something more anonymous, I think the biggest thing for people to understand is that bitcoin is pseudo anonymous and not fully anonymous. I can't say that bitcoin is 100% on anonymity because i read an article before that there are adopters tracking bitcoin where from but they can only know where bitcoin from but not the user. so all our transaction still can be track.. Title: Re: Bitcoin and anonymity Post by: kimochidesh on January 05, 2018, 09:35:44 PM I personally like Bitcoin coz it is anonymous and provides you financial privacy and liberty. Decentralised wallet does not require any of your personal info. The best part is Bitcoin is anonymous yet transparent with all its transaction. Youcan find all past, current and pending Txn on bitcoin blockchain, you can check it on blockchain.info
Title: Re: Bitcoin and anonymity Post by: Cryptoshops on January 05, 2018, 09:55:26 PM The problem why a lot of people dont or wont use Cryptocoins is because its not very easy to use like real money. People in my family some who are only in their early 20s who are computer literate do not understand how to use cryptocurrencys even though I have tried to explain it to them, its just way to much hassle and tech which they cant get a grip on. The other reason is trustworthyness Its not backed by any finacial instatution so if you loose any coins there is nothing or no one you can really turn to.
If you look at the online wallets which are most prob some of the easiest to use they are not anonymous because you have to upload ID for most of them now so the idea of crypto being anonymous and proctecting peoples privacy is being eroded away. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 08, 2018, 07:26:31 PM I think bitcoin is not totally anonymous that is why there are some services like chipmixer or any bitcoin mixer use just to make their bitcoin anonymous and to make their bitcoin clean.. I can't say that bitcoin is 100% on anonymity because i read an article before that there are adopters tracking bitcoin where from but they can only know where bitcoin from but not the user. so all our transaction still can be track.. Yeah I agree, it is not fully and programs are being built to follow transactions. However it does give a good amount for the average person who doesnt really care about the anonymity. Title: Re: Bitcoin and anonymity Post by: askabir6 on January 08, 2018, 07:52:21 PM I'd argue that the main value proposition of Bitcoin is being permissionless, with pseudo-anonymity being only a side-effect. Also I'd love to believe that people will become more privacy conscious in the next 2-3 years, but I've honestly given hopes up on that
Title: Re: Bitcoin and anonymity Post by: altGear on January 08, 2018, 08:34:47 PM Use Monero, PIVX, SHIELD, SAFEX or something like that.
Crypto Community for Beginners: CryptoSmart HUB https://discord.gg/jyTXVWz Title: Re: Bitcoin and anonymity Post by: Valentina N on January 08, 2018, 08:41:09 PM I don't trust in any anonymity! Never it will be anonymous! I am sorry lady and gentlemen s but it is my opinion! Every action are under total control! In some counties you cannot do nothing without cards, bankers, documents they effort you play open! I don't believe in anonymous fairy tales! Sorry
Title: Re: Bitcoin and anonymity Post by: btcprospecter on January 08, 2018, 09:03:56 PM Bitcoin will be anonymous to a certain degree but there will always be a trail back at some point if you are not careful. For some they want that full anonymity for others it's just a plus point.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 09, 2018, 09:08:38 PM Bitcoin will be anonymous to a certain degree but there will always be a trail back at some point if you are not careful. For some they want that full anonymity for others it's just a plus point. I agree. Some people do not care as much about it, and so the fact that it doesnt directly link to your identity is perfect for most people. Title: Re: Bitcoin and anonymity Post by: Tonydman97 on January 09, 2018, 09:25:44 PM Well, bitcoin can support anonymity but the main problem is that every transaction is publicly logged. Anyone can see the flow of Bitcoins from address to address. Alone, this information can't identify anyone because the addresses are just random numbers. However, if any of the addresses in a transaction's past or future can be tied to an actual identity, it might be possible to work from that point and guess who may own all of the other addresses. This identity information might come from network analysis, surveillance, or just Googling the address. The officially encouraged practice of using a new address for every transaction is designed to make this attack more difficult. If your balance has been contaminated by both anonymous and non-anonymous coins, you may take action to make it "clean".
Title: Re: Bitcoin and anonymity Post by: ramayor on January 09, 2018, 09:43:00 PM Cryptocurrencies were designed as a unit of exchange and as a place to store assets without relying on a central bank. Its users are anonymous and no any personal details are shared when you have transactions which is one of the cool part in bitcoin and other cryptos. But others take advantage on it and used it in criminality which is the bad part of this world.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 17, 2018, 04:33:24 AM As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think.
Title: Re: Bitcoin and anonymity Post by: Empiretoken on January 17, 2018, 05:16:03 AM That’s bad news for people hoping to keep their Bitcoin purchases anonymous. But even when the exact transaction is kept hidden, it is still possible to make the link when the leak includes the amount and time of the purchase.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 18, 2018, 03:35:02 PM That’s bad news for people hoping to keep their Bitcoin purchases anonymous. But even when the exact transaction is kept hidden, it is still possible to make the link when the leak includes the amount and time of the purchase. This is true which is why mixers are in place to try and jam this. I think for most this limited anonymous transaction is fine. Title: Re: Bitcoin and anonymity Post by: BountyX on January 18, 2018, 04:15:25 PM It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder.
Title: Re: Bitcoin and anonymity Post by: Rath_ on January 18, 2018, 06:11:16 PM Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 22, 2018, 01:47:34 AM Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue. Yes and in my Medium article I talked alot about this. You dont have to be a "scammer" to utilize anonymous transactions. Lots of people dont want others to know their wealth for obvious reasons and businesses wouldn't want competitors to see balances. Title: Re: Bitcoin and anonymity Post by: AltcoinAuthority on January 22, 2018, 01:49:28 AM Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you. I'm not surprised that quite a lot people decided to switch to Monero or Zcash. They both support fully-anonymous transactions. We should focus on making transaction fees lower. Then we can work on this issue. Yes and in my Medium article I talked alot about this. You dont have to be a "scammer" to utilize anonymous transactions. Lots of people dont want others to know their wealth for obvious reasons and businesses wouldn't want competitors to see balances. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 22, 2018, 09:07:59 PM If they keep quiet and not tell anyone their Bitcoin address then they can stay anonymous. That is why most people like using Bitcoin for certain transactions. How do you cash out bitcoin then? If you use an exchange they will have your connected ID. If you sell in person, someone will see you etc Title: Re: Bitcoin and anonymity Post by: Pan Troglodytes on January 22, 2018, 09:23:00 PM If they keep quiet and not tell anyone their Bitcoin address then they can stay anonymous. That is why most people like using Bitcoin for certain transactions. How do you cash out bitcoin then? If you use an exchange they will have your connected ID. If you sell in person, someone will see you etc Title: Re: Bitcoin and anonymity Post by: khaled0111 on January 22, 2018, 10:59:29 PM Maybe there are other coins that offer more privacy but they are not old and famous as Bitcoin.
Bitcoin is the most trusted coin. it is affordable to everyone. Cryptocurrency users look for anonimity and Bitcoin afford the minimum required. I thinl the biggest advantage of Bitcoin is decentralization. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 22, 2018, 11:16:33 PM Maybe there are other coins that offer more privacy but they are not old and famous as Bitcoin. Bitcoin is the most trusted coin. it is affordable to everyone. Cryptocurrency users look for anonimity and Bitcoin afford the minimum required. I thinl the biggest advantage of Bitcoin is decentralization. Well yeah, I think this is the big reason that people are sticking with it. Bitcoin offers enough for most users. Title: Re: Bitcoin and anonymity Post by: ovibd on January 23, 2018, 03:32:14 AM To learn more about Bitcoin and its Anonymity features, check out my Medium post: /dqKGio]Bitcoin and Anonymity I am also learn your Anonymity and Bitcoin and I am try to Understand that.(http://www.[Suspicious link removed) Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Title: Re: Bitcoin and anonymity Post by: Irvinn on January 23, 2018, 05:09:02 AM While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.
However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 23, 2018, 06:28:01 AM While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth. However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place. If big companies are going to accept it, something will have to be done. Companies will not want their competitors to see how much money is in their wallet. Title: Re: Bitcoin and anonymity Post by: _nur on January 23, 2018, 11:37:58 AM http://fortune.com/go/finance/jp-morgan-bitcoin-zcash-wilcox/
what mainstream reads Title: Re: Bitcoin and anonymity Post by: r1a2y3m4 on January 23, 2018, 11:42:15 AM Nowadays, privacy is a big deal and so is identity. With millions of humans out there, the only thing that giving you meaning is your identity. That is why the dealings of that identity should be kept private. You heard of the theory that google and facebook are selling our privacy to make us susceptible to commercial right? imagine what the banks are doing with our transaction records.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 23, 2018, 04:56:05 PM Nowadays, privacy is a big deal and so is identity. With millions of humans out there, the only thing that giving you meaning is your identity. That is why the dealings of that identity should be kept private. You heard of the theory that google and facebook are selling our privacy to make us susceptible to commercial right? imagine what the banks are doing with our transaction records. Defiantly, which leads me to believe more people should be using privacy coins although I think they are more susceptible to regulation. Title: Re: Bitcoin and anonymity Post by: raypinch on January 23, 2018, 04:59:35 PM I am sure that privacy will disappear very soon, there will be privacy in coins but you will not be able to deposit or withdraw from exchangers without identity verification.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 24, 2018, 05:19:31 PM I am sure that privacy will disappear very soon, there will be privacy in coins but you will not be able to deposit or withdraw from exchangers without identity verification. This is what I am thinking as well. Title: Re: Bitcoin and anonymity Post by: mikan111 on January 24, 2018, 05:27:23 PM I like anonymity but I know anonymity is not possible no matter how hard you try. There is only more or less anonymity.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 25, 2018, 01:51:31 AM I like anonymity but I know anonymity is not possible no matter how hard you try. There is only more or less anonymity. Keeping yourself hidden online is very hard. I agree to some extent. Title: Re: Bitcoin and anonymity Post by: spinno on January 25, 2018, 07:12:54 AM While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place.
It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder. Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 27, 2018, 12:59:45 AM While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place. It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder. Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you I do agree with you that it is "anonymous" enough and is primary used right now as an investment. Most people however think it is anonymous because they dont research. Title: Re: Bitcoin and anonymity Post by: hdasd on January 27, 2018, 01:11:37 AM Its not that much anonymous anymore specially how governments wants the exchanges to give the data for tax reasons. Bitcoin, an anonymous but not private transaction: There are no notes of personal information in his deal agreements, but every transaction traded in bitcoin is clear on the published electronic public books visible. This public account is what we know as the Bitcoin blockchain. The anonymity offered by Bitcoin is both a compelling feature and a challenge to financial regulation. Title: Re: Bitcoin and anonymity Post by: gamechain on January 27, 2018, 03:02:57 AM As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think. Anonymous bitcoin: 1: Address generation without real name certification; 2: The address can not correspond to a real identity; 3: There is no association between different accounts of the same owner, and it is not possible to know the total amount of bitcoin for a specific user. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on January 31, 2018, 09:39:31 PM As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think. Anonymous bitcoin: 1: Address generation without real name certification; 2: The address can not correspond to a real identity; 3: There is no association between different accounts of the same owner, and it is not possible to know the total amount of bitcoin for a specific user. Not sure if you are trying to say bitcoin has these abilities, or in order to be "anonymous" it would need those on the list. Identity can be linked to the address, and programs have been built and are being built to track transactions based on a lot of different things. Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on February 03, 2018, 06:40:10 PM Who else has some opinions on this?
Title: Re: Bitcoin and anonymity Post by: InBTC4years on February 03, 2018, 06:57:19 PM Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching.
Title: Re: Bitcoin and anonymity Post by: TimtheYoutuber on February 09, 2018, 04:34:14 AM Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching. This is true, and I certainly dont think Bitcoin is a real trigger for people to suddenly become immoral. Pay taxes, and everything will be good. Title: Re: Bitcoin and anonymity Post by: allfriends88 on February 09, 2018, 04:51:16 AM Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching. This is true, and I certainly dont think Bitcoin is a real trigger for people to suddenly become immoral. Pay taxes, and everything will be good. I look forward to hopefully future bitcoin better again and could give a positive impact on everyone. and can change the economy of a country. Title: Re: Bitcoin and anonymity Post by: Mariela on February 09, 2018, 05:36:13 AM Bitcoin need anonymity .
Because if you are holding a extremely large amount of bitcoin you need to become anonymous . Nowadays your security is very important. Title: Re: Bitcoin and anonymity Post by: perfect999 on February 10, 2018, 08:09:07 AM Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching. Bitcoin is not exactly anonymous. It is what you can call as pseudonymous. Bitcoin transactions are like writing under a pseudonym. Once that is linked with the author, all tings related to it can be tracked. Now that pseudonym is basically the address of the holder but the twist comes in the way everything is stored. By using blockchain technology, it becomes pretty much difficult, time and resource consuming plus complex to find out transactions.Title: Re: Bitcoin and anonymity Post by: kazakova on February 10, 2018, 08:46:50 AM Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalk.org/index.php?topic=2479788.msg25386090#msg25386090 And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient? Thoughts? Reality is if you dealing with huge amount of money, you are not private with any coin. Government can track you easily. |