marbu1022 (OP)
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November 08, 2015, 11:03:14 PM |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
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StateOfAffairs
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November 08, 2015, 11:04:41 PM |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
There's no names or addresses involved, is there? |
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AncilVTwo
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November 08, 2015, 11:09:52 PM |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
the main thing about being anonymous with bitcoin is that you dont know whos address it is,once you find that out its not at all anonymous. |
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marbu1022 (OP)
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November 08, 2015, 11:10:39 PM
Last edit: November 08, 2015, 11:29:33 PM by marbu1022 |
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Lets say you and I trade bitcoins. I give you my address for you to send me some btc, now you have my address. You can now go to the blockchain.info site and look at all my previous and future transactions even if I move them to different wallets, someone can always track your coins, is that correct?
My main concern is, that I don´t want people who I trade with or anyone else finding out how much BTC I have. How do I prevent this?
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Possum577
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November 09, 2015, 12:32:02 AM |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
There's initial anonymity. But you're right in that if someone wants to find out who's transacting what there's a lot of information available. This is part of the reason why people insist on using cold wallets (and multiple wallets), it makes it harder to track the person who originated the transaction. |
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croato
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November 09, 2015, 01:06:55 AM |
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Anonimity is not implemented in Bitcoin, but use of it can be almost or completley anonimous if you know what you are doing.
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saturn643
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November 09, 2015, 01:17:45 AM |
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First of all, bitcoin is pseudonymous, not anonymous. This means that you don't know exactly who the other person is, but you have someway to identify them.
Secondly, blockchain.info does not give you the ip address of the person. It only gives you the ip address of the node that relayed the transaction to them, which is most likely not the person that sent the transaction. It is very difficult, next to impossible, to determine the ip address of the node that created the transaction.
Thirdly, you should not be reusing bitcoin addresses. By keeping your addresses separate for each transaction, then whoever is sending you Bitcoin will only know that you have at least the amount they sent you. They don't know how much you actually have. Services who also use new addresses for every transaction also protect your anonymity since others won't know who owns that new address. It could be your own wallet, your friend's, or that porn site you pay for.
There are also some services that can help you anonymize like mixers or CoinJoin transactions.
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marbu1022 (OP)
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November 09, 2015, 02:10:30 AM |
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First of all, bitcoin is pseudonymous, not anonymous. This means that you don't know exactly who the other person is, but you have someway to identify them.
Secondly, blockchain.info does not give you the ip address of the person. It only gives you the ip address of the node that relayed the transaction to them, which is most likely not the person that sent the transaction. It is very difficult, next to impossible, to determine the ip address of the node that created the transaction.
Thirdly, you should not be reusing bitcoin addresses. By keeping your addresses separate for each transaction, then whoever is sending you Bitcoin will only know that you have at least the amount they sent you. They don't know how much you actually have. Services who also use new addresses for every transaction also protect your anonymity since others won't know who owns that new address. It could be your own wallet, your friend's, or that porn site you pay for.
There are also some services that can help you anonymize like mixers or CoinJoin transactions.
Great explanation. So there can be some degree of anonimity, I see it now. Got it. Can the sending address for each wallet change just like the receiving address? For example, in electrum wallet, it generated 27 receiving addresses. I used the first one to receive funds and it is marked "used" and it moved to the 2nd one on the list. I also sent btc to an address. Does that mean that if I send btc from the wallet again it will show a different sending address from the previous one on the blockchain? I am confused as to how the sending addresses work since I don´t see a list of sending addresses like I do of receiving addresses. |
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saturn643
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November 09, 2015, 02:17:44 AM |
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For example, in electrum wallet, it generated 27 receiving addresses. I used the first one to receive funds and it is marked "used" and it moved to the 2nd one on the list. I also sent btc to an address. Does that mean that if I send btc from the wallet again it will show a different sending address from the previous one on the blockchain? I am confused as to how the sending addresses work since I don´t see a list of sending addresses like I do of receiving addresses.
No. If you send again from that wallet, without receiving any more bitcoin, you will be sending from the first address. The Bitcoin cannot magically move from one address to another, even in a wallet since the wallet is just an easy way to keep all of your addresses in the same place. There is no difference between a sending and receiving address, there is just only a Bitcoin address, which can be sent to and from. |
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marbu1022 (OP)
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November 09, 2015, 02:38:58 AM |
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For example, in electrum wallet, it generated 27 receiving addresses. I used the first one to receive funds and it is marked "used" and it moved to the 2nd one on the list. I also sent btc to an address. Does that mean that if I send btc from the wallet again it will show a different sending address from the previous one on the blockchain? I am confused as to how the sending addresses work since I don´t see a list of sending addresses like I do of receiving addresses.
No. If you send again from that wallet, without receiving any more bitcoin, you will be sending from the first address. The Bitcoin cannot magically move from one address to another, even in a wallet since the wallet is just an easy way to keep all of your addresses in the same place. There is no difference between a sending and receiving address, there is just only a Bitcoin address, which can be sent to and from. That explains it. At least I have more of an understanding now. I think it is probably a good idea to have multiple wallets. |
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dodgrad
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November 09, 2015, 06:54:27 AM |
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Bitcoin is anonymous as along as you do not let others know some addresses belong to you. Monero is an anonymous coin by design. It is not traceable.
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Amph
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November 09, 2015, 08:22:29 AM |
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Lets say you and I trade bitcoins. I give you my address for you to send me some btc, now you have my address. You can now go to the blockchain.info site and look at all my previous and future transactions even if I move them to different wallets, someone can always track your coins, is that correct?
My main concern is, that I don´t want people who I trade with or anyone else finding out how much BTC I have. How do I prevent this?
by splitting it into different address, receive your future bitcoin on different wallet(not different address, but enterely new wallet, so there are no hidden address associated) you need to work a bit for 100% anon with bitcoin, but it is doable anyway there is still real anon, with bitcoin, in the sense that your name is not there near your addresses |
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Blue_Tiger73
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November 09, 2015, 08:46:40 AM |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
There's no names or addresses involved, is there? Yeah. I don't really know where you found the IP addresses and names. I had a look on blockchain and I couldn't find any of these 2 things. The only thing that I can do is find the account balance and the account transaction history. That is kind of dangerous as people can find the best hacking targets.(The accounts with high balance) |
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altcoinhosting
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November 09, 2015, 08:51:18 AM |
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It can be more or less anonymous...
Use TOR or a good VPN from a live linux-distro to install electrum and generate a new wallet...
Use bitmixer or any other good mixing service to fund your anonymous electrum wallet...
Offcourse, as soon as you use the "anonymous" bitcoins to purchase physical goods, the addresses can be tied to you... And your anonimity stands or falls with both the VPN and the mixing service...
Also, you can also use certain gambling websites to "wash" your coins, or convert them into a cryptonight-algo coin (monero was already mentioned)...
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Tstar
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November 09, 2015, 08:58:56 AM |
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It can be more or less anonymous...
Use TOR or a good VPN from a live linux-distro to install electrum and generate a new wallet...
Use bitmixer or any other good mixing service to fund your anonymous electrum wallet...
Offcourse, as soon as you use the "anonymous" bitcoins to purchase physical goods, the addresses can be tied to you... And your anonimity stands or falls with both the VPN and the mixing service...
Also, you can also use certain gambling websites to "wash" your coins, or convert them into a cryptonight-algo coin (monero was already mentioned)...
I quote that. Mixing your coins can be a long process if you want some anonimity but that's the way. And as altcoinhosting said, whenever you'll use them they will be linked to you. But of course you can clean them quite well. |
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altcoinhosting
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November 09, 2015, 09:38:04 AM |
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It can be more or less anonymous...
Use TOR or a good VPN from a live linux-distro to install electrum and generate a new wallet...
Use bitmixer or any other good mixing service to fund your anonymous electrum wallet...
Offcourse, as soon as you use the "anonymous" bitcoins to purchase physical goods, the addresses can be tied to you... And your anonimity stands or falls with both the VPN and the mixing service...
Also, you can also use certain gambling websites to "wash" your coins, or convert them into a cryptonight-algo coin (monero was already mentioned)...
After re-reading my post, i just needed to clarify that using bitmixer to fund your account actually means: using bitmixer to fund your more-anonymous account from a less-anonymous account. Bitmixer isn't used to fund the account, just to make the funding process more-anonymous  |
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altcoinhosting
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November 09, 2015, 09:54:15 AM |
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you still can use VPN to keep you anonymous, just showin ip address isn't a big problem for me, because my ip address is static
but the real problem is when you need to buy somethin on website and they'd req you to fill up the form that includes your address and many important things even they accept bitcoin
its really stupid when people trying to use bitcoin for anonimity and they(stores/shops who accept bitcoin) still requesting important data from buyers
There are even ways to circumvent this, like anonymous PO boxes or remailing services... But, for me, using such services is overkill... Escpecially if you're not doing anything illegal. |
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Mickeyb
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November 09, 2015, 09:58:17 AM |
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If you know how to use Bitcoin, you can protect yourself and your anonymity quite well. Granted your address will be known all of the time but why would you even need more anonymity?
Bitcoin is semi anonymous and semi transparent. It has transparency that even cash doesn't have and it keeps your identity in a much easier way than Fiat is able to do. Best of both world in my opinion.
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Jeremycoin
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November 09, 2015, 10:04:55 AM |
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you still can use VPN to keep you anonymous, just showin ip address isn't a big problem for me, because my ip address is static
but the real problem is when you need to buy somethin on website and they'd req you to fill up the form that includes your address and many important things even they accept bitcoin
its really stupid when people trying to use bitcoin for anonimity and they(stores/shops who accept bitcoin) still requesting important data from buyers
That's why it's kinda difficult if you want to buy a physical thing with Bitcoin but you also want to keep your anonimity safe. |
faucet used to be profitable |
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