What are the advantages of BTC's blockchain being transparent?

[PremiumCodeX]

What are the advantages of BTC's blockchain being transparent?

What is the level of transparency that we really need?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who.

Secret services are researching methods like these.

[shorena]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

How would you verify that my transaction is valid if the blockchain is not public?

[bitbunnny]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

How would you verify that my transaction is valid if the blockchain is not public?

Exactly, that would be a problem and how could we solve this?
I don't think blockchain beeing public is an issue and that this affects security in some substanial manner. And in the digital world you can't entirely hide your privacy we all know that.

[PremiumCodeX]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

How would you verify that my transaction is valid if the blockchain is not public?

I was thinking of an algorithm where the instance of the software could verify the transaction, but it was not possible to make further analysis in it. Like Monero has analysing resistant blockchain with a reason.

[Yakamoto]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

How would you verify that my transaction is valid if the blockchain is not public?

I was thinking of an encryption where the instance of the software could verify the transaction, but it was not possible to make custom queries in it to obtain plus information. Like Monero has analysing resistant blockchain with a reason.

If you really care about people analysing your data ad transactions that much, just look to obfuscate what you have and mix up your data so that it is considerably more difficult for people to trace what you have.

While not perfect, it allows for you to disrupt anyone's analysis of what you have and what you're doing with your stuff, while allowing for other people to look at their records if they want to.

[twodrive01]

Thats why zcash, monero and dash were created. BTW has anybody heard if those mentioned have had any breaches? Would be nice to know. I cant seem to find anything when I google.

[Doamader]

I dont need to hide anything im doing online, soo they can search about those. If there were a way to conect each transaction to black market as well to the owners they would already made those. Bitcoin should be an example, for countries manage their adress, how they say they have nothing to hide and do wanna to show all transactions, with some improvement regulamentation.

[shorena]

-snip-
I was thinking of an algorithm where the instance of the software could verify the transaction, but it was not possible to make further analysis in it. Like Monero has analysing resistant blockchain with a reason.

Its blockchain is still public. The way the signatures are created make it infeasible to follow coins.

I dont need to hide anything im doing online, soo they can search about those. If there were a way to conect each transaction to black market as well to the owners they would already made those. Bitcoin should be an example, for countries manage their adress, how they say they have nothing to hide and do wanna to show all transactions, with some improvement regulamentation.

[Raimonn]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

With a public blockchain you can see that A payed x coins to B address, and anyone can see it. There isn't a need of a trusted company that explains you that A payed x coins to B.

[franky1]

bitcoin doesnt ask for personal information. your birth certificate is not linked to bitcoin.
bitcoin doesnt ask for personal information. your marriage status is not linked to bitcoin.
bitcoin doesnt ask for personal information. your family ancestry is not linked to bitcoin.
bitcoin doesnt ask for personal information. your home address is not linked to bitcoin.
bitcoin doesnt ask for personal information. your date of birth is not linked to bitcoin.

however if you are going to post your main use bitcoin address in your forum profile
and then tell people on the forum who and where you are.

trying to change bitcoin or complain about bitcoin. when bitcoin asks for nothing. while happily you are giving out info,
is something bitcoin features can never solve. but something you yourself have chose to reveal.

[asriloni]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

What's wrong with public blockchain, and what's your mean about hidden from people? it refers to private blockchain? Feeling free for hear your solution about that. 

[serjent05]

I think the advantage of having BTC blockchain being public is gaining the trust of the people and at the same time the verification of the transaction of each bitcoin user.  This way by broadcasting the blockchain in public and being verified by different nodes can prevent malicious intent of tampering the blockchain.

[MingLee]

bitcoin doesnt ask for personal information. your birth certificate is not linked to bitcoin.
bitcoin doesnt ask for personal information. your marriage status is not linked to bitcoin.
bitcoin doesnt ask for personal information. your family ancestry is not linked to bitcoin.
bitcoin doesnt ask for personal information. your home address is not linked to bitcoin.
bitcoin doesnt ask for personal information. your date of birth is not linked to bitcoin.

however if you are going to post your main use bitcoin address in your forum profile
and then tell people on the forum who and where you are.
that is something bitcoin can never solve. but something you yourself have chose to reveal

This is one of the major points I've said a few times in the past; if you post your information or give it to stores or online retailers, then of course they're going to be able to track you. Anyone who gets "a" and "b" will be able to put the two together if they want to.

Your address is not forcefully linked to your name. You make it that way.

[jeraldskie11]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

The advantages of being public of blockchain is to get an information by someone, they can see how it could be but the public has no safe because it's free by others they can saw it even the hackers so be careful of using public blockchain.

[BitcoinBarrel]

It's not possible, imo, to do ANY sort of physical or digital transaction with 100% privacy and security. You are always going to leave a trace somewhere.

[Kakmakr]

A currency has to be public for people to validate the transaction, without the use of a trusted third party. The private Blockchain technologies that are being developed now, will use the banks as the trusted third party. < We do not trust them >

They can manipulate/control/monitor/block/hide transactions with private Blockchains, and that is exactly why this technology is so attractive for them. They cannot do this effectively with cash anymore, so they will ban cash next. We are already seeing this in India. < They are banning the use of larger currencies >   

[calkob]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who. Secret services are researching methods like these.

It has to be public other wise how could everyone verify the ledger ?  making sure there is the correct transactions taking place.

[mobnepal]

What are the advantages of BTC's blockchain being public? Would it not be more secure if it was hidden from people?

Banking transactions are hidden from public but they are not secure and everybody knows it, hiding just doesn't mean security.

Because there are methods that could assemble the information in the blockchain with the information from certain other methods and could point with high precision what blockchain activity belongs to who.

What methods you are talking about? There is no any personal information being shared via blockchain transactions other than just the sending and receiving addresses and the one who own address if don't reveal his link to that address himself there are no any way to track him down.

Secret services are researching methods like these.

They are researching from start of the bitcoin age but they haven't found any hole in bitcoin anonymity and i don't think they will find any in future too.

[Decoded]

There is is no perfectly p2p system without flaws, therefore Bitcoin exists as a decentralised system, where the central processing hub is made out of network participants.

The way this is possible is through (yep, you guessed it) a public ledger. Another plus is to be able to see network activity and give easy access to transaction records to those who actually need it, due to bitcoin's semi-anonymous nature.

[NorrisK]

Because the way blockchain work with verifying the blocks by miners, it will always be public.

A single miner verifying Will already Have Access to All blockchain data and can publish it.

Ipublic chains are essential for checking the validity of the entered data.