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owm123
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March 09, 2016, 09:34:29 PM |
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When I started using Bitcoin, I thought Bitcoin transactions cannot be traced. I believe this was what I read from a few Bitcoin related site back in 2012/2013.
As I get to know more and more about Bitcoin, I found out that it is not true. Technically, it can be traced from the Blockchain. Ones need to use a Bitcoin mixer before he/she can be "anonymous".
What "facts" have you heard about Bitcoin that is not true - other than the price?
This fact that bitcoin was pseduo-anonymous, was known in 2008 already ( http://www.bitcoinisnotanonymous.com/). I dont know how it went on for so long, and still is going, that Bitcoin is anonymous. But other than anonymity, other fact that ppl are confused is that bitcoin is fungibile. It is not: http://www.bitcoinisnotanonymous.com/#bitcoin-fungibility-01 |
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MTBTT
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March 10, 2016, 12:10:17 AM |
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Bitcoin is dead.
of course it will not happen. The only issue that is exhaled by parties who are not responsible and by the newcomers were scared. so it will not happen |
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AliceWonderMiscreations
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March 10, 2016, 12:42:59 AM |
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Mining is decentralized.
It's not, it started that way but reality is there are a few large players.
I hope p2pool can help decentralize it again.
I'm kind of hoping after the block halving that some miners will leave and that specialized mining hardware will drop in price, allowing more people to use p2pool. We'll see.
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I hereby reserve the right to sometimes be wrong
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AliceWonderMiscreations
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March 10, 2016, 12:45:23 AM |
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At that time nobody even bothered to trace transactions one by one because those years were the dawn of bitcoin.
But what generally happened after so many big scams is that people started a technique for tracing them. That is why people now call it pseudo anonymous.
But you can obviously make it anonymous if you constantly convert your bitcoins to altcoins and back to bitcoins. (i,e, altcoin trading)
You can still be traced with the cooperation of the exchanges, and do not be surprised if the exchanges are already p0wn3d by the NSA etc. via the zero day exploits they have. If you look at the security of a lot of exchanges, at least historically it wasn't very good. Not too much of a challenge for a state level adversary. |
I hereby reserve the right to sometimes be wrong
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uname
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March 10, 2016, 04:33:43 AM |
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For me, the "fact" that bitcoin transaction is instant is a partial "truth". In fact, the confirmation time is about 10 minutes and during the so-called stress tests it will become longer.
yeah many people who claim superiority bitcoin is the speed of transactions. and when other people try. they protested at having to wait several minutes to get a first confirmation. even up to several hours |
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FlyingSaucer
Member
 Offline
Activity: 78
Merit: 10
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March 10, 2016, 04:36:26 AM |
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First I heard about Bitcoin I thought buying an Asic was a sure thing to guarantee you a profit but it was just another lie for them to take your hard-earned money.
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vero
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March 10, 2016, 05:22:30 AM |
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i heard bitcoin is anonymity and make me interested so i think no one can know my transaction but in fact bitcoin isn't full anonymity.
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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March 10, 2016, 05:24:55 AM |
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i heard bitcoin is anonymity and make me interested so i think no one can know my transaction but in fact bitcoin isn't full anonymity.
Well technically it is anonymous unless someone watches more than one of your transactions, and they know the identity of one of the people you sent money to. It isn't as anonymous as I would want to say it is, but it isn't really anything weak either. |
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mkc
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March 10, 2016, 05:42:04 AM |
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When I started, shops accept Bitcoin keep popping up, there were Bitcoin ave, meaning every shop in that street accept Bitcoin. I thought Bitcoin will take over the world, at least I can go to another country spend bitcoins, no need to exchange currency. Well, after two years, this is not true yet.
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ajun96
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March 10, 2016, 07:35:38 AM |
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When I started, shops accept Bitcoin keep popping up, there were Bitcoin ave, meaning every shop in that street accept Bitcoin. I thought Bitcoin will take over the world, at least I can go to another country spend bitcoins, no need to exchange currency. Well, after two years, this is not true yet.
lol do you think gold could grow only with the near future? and what do you think the baby has started to talk a lot when the age of 2 years? it took a long time to bitcoin could take over the world dude. bitcoin age was too young for it. new 7 years. you can not expect much more today. but you will see great things from bitcoin in the future. trust me |
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justspare
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March 10, 2016, 09:39:20 AM |
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I thought bitcoin transactions are free...
but turn out they require a fee...
Yeah me too. When I started out with Bitcoin doing faucets and signature campaigns, I thought that the fees were free because I never made transactions and had no idea about it. |
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Bestwishes745
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March 10, 2016, 10:12:24 AM |
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I thought bitcoin transactions are free...
but turn out they require a fee...
Yeah me too. When I started out with Bitcoin doing faucets and signature campaigns, I thought that the fees were free because I never made transactions and had no idea about it. Yeah , I was also of the view that bitcoin transaction is free, and still in xapo I am getting payment from my clients without fee, i think he is also at xapo. |
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Hirose UK
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March 10, 2016, 10:12:53 AM |
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When I started using Bitcoin, I thought Bitcoin transactions cannot be traced. I believe this was what I read from a few Bitcoin related site back in 2012/2013.
As I get to know more and more about Bitcoin, I found out that it is not true. Technically, it can be traced from the Blockchain. Ones need to use a Bitcoin mixer before he/she can be "anonymous".
What "facts" have you heard about Bitcoin that is not true - other than the price?
I don't get the point here. what do you mean "fact" that is not true? fact is thing that is true, exist, can be proved. if it's not true, then it's not a fact. if you meant something I heard that is not true, I've heard that the fee is cheap, but the fact said it depends on the price and how long we will wait for transaction. |
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DeDordtenaar
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March 10, 2016, 10:22:09 AM |
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i heard bitcoin is anonymity and make me interested so i think no one can know my transaction but in fact bitcoin isn't full anonymity.
I think bitcoin completely anonymous. if you do not publish your bitcoin address to the public. would not know if the address it is have your name. bitcoin is very secure and confidential |
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| CloakCoin | Private, Secure & Untraceable Cryptocurrency | Enigma
Forum | Bitcointalk | Twitter | Slack | Facebook | VK | Reddit | CloakTV | Instagram | IRC-Chat | Faucet
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valta4065
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March 10, 2016, 01:13:21 PM |
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i heard bitcoin is anonymity and make me interested so i think no one can know my transaction but in fact bitcoin isn't full anonymity.
Bitcoin is full anonymity! You just got to use a coin mixer from time to time! Coin mixers are here in order to change your coins for others, exactly identical but with a different history. Which is a good way to keep anonymity. That's a bit like if you're being tracked by dogs and you go through a river! Best way to cut tracks ^^ |
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mynameisdon
Sr. Member
Offline
Activity: 322
Merit: 250
i am don(ripper's big daddy).i clean scammers.
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March 10, 2016, 01:33:04 PM |
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i heard that bitcoin is instant payment service but its depend on conformation. first confirmation need minimum 5-8min to be done.and then i got giving transaction fees higher make your transaction faster.
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owm123
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March 11, 2016, 02:00:41 PM |
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i heard bitcoin is anonymity and make me interested so i think no one can know my transaction but in fact bitcoin isn't full anonymity.
I think bitcoin completely anonymous. if you do not publish your bitcoin address to the public. would not know if the address it is have your name. bitcoin is very secure and confidential Please read bitcoin.org, especially this: https://bitcoin.org/en/you-need-to-know#anonymousand this: https://bitcoin.org/en/faq#is-bitcoin-anonymousI dont understand how ppl can use bitcoin and not even check official bitcoin website, which clearly in plain English says that bitcoin is NOT anonymous. |
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avw1982
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March 11, 2016, 02:07:43 PM |
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i heard that bitcoin is instant payment service but its depend on conformation. first confirmation need minimum 5-8min to be done.and then i got giving transaction fees higher make your transaction faster.
Nope dude not like that, confirmation is based on the priority of your bitcoin wallet.there is a settings page in account settings. If you need to make faster transaction charges will be high accordingly. |
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ctlaltdefeat
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March 11, 2016, 02:41:52 PM |
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When I started using Bitcoin, I thought Bitcoin transactions cannot be traced. I believe this was what I read from a few Bitcoin related site back in 2012/2013.
As I get to know more and more about Bitcoin, I found out that it is not true. Technically, it can be traced from the Blockchain. Ones need to use a Bitcoin mixer before he/she can be "anonymous".
What "facts" have you heard about Bitcoin that is not true - other than the price?
people said that bitcoin payment is fast,maybe faster than other currency,but the "fact" is not like that,some people said they have been wait bitcoin transaction almost a day or more,and this is oftenly happen,i think that fact was not absolutely true. |
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