dennyd999 (OP)
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July 27, 2017, 02:44:59 AM Last edit: July 27, 2017, 03:09:37 AM by dennyd999 |
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So Bitcoin is traceable. BTC-E, Alphabay, Hansa is busted due to some illegal operations. Those who staying for annonimity and freedom of choice can support bigger blocks from now. 8 mb blocks as in Bitcoin Cash will probably be untraceable at all. https://en.bitcoin.it/wiki/Anonymity
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BitcoinNewsMagazine
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July 27, 2017, 03:21:30 AM |
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So Bitcoin is traceable. BTC-E, Alphabay, Hansa is busted due to some illegal operations. Those who staying for annonimity and freedom of choice can support bigger blocks from now. 8 mb blocks as in Bitcoin Cash will probably be untraceable at all. https://en.bitcoin.it/wiki/AnonymityWhy would you think Bitcoin Cash transactions would not be traceable? The blockchain is just a hard fork from Bitcoin and as transparent. If you are looking for untraceable transactions you need to look elsewhere.
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HabBear
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July 27, 2017, 03:24:58 AM |
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So Bitcoin is traceable.
Yeah, that's a primary consequence of having a transaction ledger that is open to the public, always. Those transactions didn't get traced to Vinnick until he sent the coins that were traced as "hot" back to a wallet he owned at Mt. Gox and BTC-e...where they could supbeona records to determine who actually owned the account or get an IP address or other identifying information. What would be more accurate to say is that Bitcoin is traceable to the account owner when you use an exchange or any third party that requires personal information to have such an account!
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Mad7Scientist
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July 27, 2017, 03:26:11 AM |
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Are the Bitcoin Cash promoters getting desperate?
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pooya87
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July 27, 2017, 03:27:22 AM |
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8 mb blocks as in Bitcoin Cash will probably be untraceable at all.
yeah right, with 8 mb blocks and growing there will soon be a couple of nodes only which are operated by the government and to broadcast a transaction you'll have to connect to those. the code will most probably have some additional backdoors to track too. specially the nChain thing that is created by the biggest scammer of all times.
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kokojie
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July 27, 2017, 03:28:41 AM |
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Why would Bitcoin Cash be untraceable? it's is an exact clone of Bitcoin minus segwit. I think the best bet for untraceable crypto right now is Monero, but there's still the issue of buying into and out of Monero with other currency. It can only be truly untraceable if you conduct all your business in Monero.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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hot21shot
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July 27, 2017, 03:31:04 AM |
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Are the Bitcoin Cash promoters getting desperate?
This is the same code so same privacy.
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pooya87
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July 27, 2017, 03:49:36 AM |
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Are the Bitcoin Cash promoters getting desperate?
This is the same code so same privacy. it is not a direct fork of bitcoin if you ever look at their github repository and because of that i have no idea how can one compare the two code bases and tell even if they are the same code! if you have a way, i would love to hear it. also the repository is 396,445 lines last time i checked. good luck going through it and see if it really is the same thing and doesn't have hidden stuff in it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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zarados
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July 27, 2017, 04:53:34 AM |
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Whether larger blocks can guarantee our transactions can not be traced? As you said above, that "8 mb blocks as in Bitcoin Cash will probably be untraceable at all", you say probably. So in fact you're not sure yet and there's no basis to say that 8 MB block is untraceable, right? So, please explain a little, why we should choose and support larger blocks.
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LoudA__
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July 27, 2017, 05:08:54 AM |
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So Bitcoin is traceable. BTC-E, Alphabay, Hansa is busted due to some illegal operations. Those who staying for annonimity and freedom of choice can support bigger blocks from now. 8 mb blocks as in Bitcoin Cash will probably be untraceable at all. https://en.bitcoin.it/wiki/AnonymityThis is not surprising at all, I mean the time I've read bitcoin being anonymous I've paused reading the article and realize that hackers are also anonymous too. If anyone here are wanting an anonymous digital currency you can use dash.
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Kakmakr
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July 27, 2017, 05:19:26 AM |
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"BTC-E, Alphabay, Hansa is busted due to some illegal operations." Yes, and in most of these cases they left evidence linking their identity to online email addresses. We know these webmail service providers, work closely with law enforcement. They also re-use email addresses between different services, so it becomes even easier to track them.
Bitcoin is pseudo-anonymous, NOT anonymous. ^hmmmmm^
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hatshepsut93
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July 27, 2017, 05:44:23 AM |
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Bitcoin is traceable because at some point you need to reveal your identity (most commonly - when you exchange it for fiat), so this is the first major point of failure. The second point of failure is that the ledger is public, so investigators can follow transactions until they reach the one that can be linked to your identity. Some people suspect that mixing can be breached now, so Bitcoin can't guarantee privacy. But Bitcoin Cash does absolutely nothing to solve this problem, in fact in only makes it less private by making it harder for people to run full nodes, and we also don't know what else BCC devs might have snuggled into the code.
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Trela
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July 27, 2017, 06:08:15 AM |
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After this incident I will change my view of Bitcoin, it is actually accessible and the criminals are still caught using Bitcoin for money laundering or illegal trading ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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skorupi17
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July 27, 2017, 08:20:36 AM |
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So Bitcoin is traceable. BTC-E, Alphabay, Hansa is busted due to some illegal operations. Those who staying for annonimity and freedom of choice can support bigger blocks from now. 8 mb blocks as in Bitcoin Cash will probably be untraceable at all. https://en.bitcoin.it/wiki/AnonymityBitcoin has always been traceable unless you are smart enough to cover your tracks. Every transaction in Bitcoin is reflected and can be seen by the public so it is traceable if you have the knowledge to do the tracing. Having bigger blocks does now guarantee that a transaction will be untraceable. Who the hell said such a thing? There is no logical explanation for that. The block size is just concerns about the number of transactions can be handled in a specific span of time, nothing for anonymity.
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traderethereum
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July 27, 2017, 09:09:27 AM |
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i think even if bitcoin is traceable it doesn't mean people need to stop what they do for now and maybe more people will come into bitcoin world. no matter it is, as long as people still interesting with bitcoin, i think they will use bitcoin for what they want and they will save their bitcoin if they don't want to use for anything. yes we can see the transactions but for ordinary people, it is hard to find out where the transaction is using and for what the transaction is made.
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bitbunnny
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July 27, 2017, 09:18:21 AM |
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Bitcoin has lost a big deal of the anonimity long time ago. That is already clear to everyone. Because of the involvement in illegal activities and money laundering governments looked for the ways to monitor transactions and find the users. Regulation of exchangers and other Bitcoin related services also contributed to that. But that couldn't be avoided.
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talkbitcoin
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July 27, 2017, 09:28:44 AM |
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the only thing that is clear is the fact that Bitcoin Cash shills are starting to become desperate. too desperate if you ask me. and the desperation will only grow as the price of their altcoin fork drops lower and lower each day we get closer to the deadline.
just try not to lose your head when price of your altcoin dropped -80% in the first week.
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dennyd999 (OP)
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July 27, 2017, 01:28:08 PM |
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Having bigger blocks does now guarantee that a transaction will be untraceable. Who the hell said such a thing? There is no logical explanation for that. The block size is just concerns about the number of transactions can be handled in a specific span of time, nothing for anonymity.
My logic was like this, but I probably wrong: Biger block contain biger transaction numbers and it is harder to trace them. It is like 3 apples in basket with 1 mb size block and 24 apples in basket in 8 mb block. I mean tracing dificulty will increase 8 time more, because it is 8 time more transaction mixed together in 1 block. But it seems my logick is wrong. Because it will be otherwise easier to trace biger blocks, because less transactions will be made.
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Emoclaw
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July 27, 2017, 01:33:07 PM |
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So Bitcoin is traceable. BTC-E, Alphabay, Hansa is busted due to some illegal operations. Those who staying for annonimity and freedom of choice can support bigger blocks from now. 8 mb blocks as in Bitcoin Cash will probably be untraceable at all. https://en.bitcoin.it/wiki/AnonymityBitcoin was always traceable. It is not anonymous and it's not clear "now". It has been clear since its creation. 8 MB blocks have nothing to do with it. It seems you lack a fundamental understanding of how Bitcoin works, start here: https://bitcoin.org/bitcoin.pdfhttps://bitcoin.org/en/faq
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senin
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July 27, 2017, 05:18:09 PM |
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Bitcoin is traceable because at some point you need to reveal your identity (most commonly - when you exchange it for fiat), so this is the first major point of failure. The second point of failure is that the ledger is public, so investigators can follow transactions until they reach the one that can be linked to your identity. Some people suspect that mixing can be breached now, so Bitcoin can't guarantee privacy. But Bitcoin Cash does absolutely nothing to solve this problem, in fact in only makes it less private by making it harder for people to run full nodes, and we also don't know what else BCC devs might have snuggled into the code.
Yes, I considered operations with bitcoin to be completely anonymous. But it turns out that with frequent transactions, given the general availability of the transaction log, you can trace the patterns and reach out to a specific person. Bad. There is still no complete anonymity of bitcoin.
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