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Author Topic: Is Bitcoin currently anonymous?  (Read 1051 times)
Vikingr
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July 17, 2017, 10:59:51 PM
 #21

how anonymous bitcoin is actually depends on you!
the best example i can give you is Satoshi. Satoshi owns bitcoin but is completely anonymous. and that is the ultimate level, and it is hard to achieve that. but for normal users who want to keep their "privacy" following certain steps will insure enough anonymity.
steps such as not linking your bank account or generally your identity with your bitcoin address. using a new address for each transaction (no address reuse). using mixers if needs be.

but depending on your needs for anonymity you can do other things and ultimately move to a truly anonymous coin like Monero.
Well explained,  It would be rude to say that bitcoins are not anonymous. They are though, but again the level of security and anonymity depends on the user. If low level anonymity is desired, then one should avoid linking bank accounts with your wallet. Avoiding the repetition of transaction address can also render you a good level of anonymity.
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kiddeon123
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August 30, 2017, 08:28:27 PM
 #22

By definition anonymous means "unknown", bitcoins today is widely acknowledge around the world because of its potential and many already profit because of this. But when you say that the transaction is anonymous, the answer is yes! the transaction of bitcoin uses cryptography which means information hiding.

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August 30, 2017, 09:04:28 PM
 #23

It kinda depends what you make it yourself. No one can know who owns any address, unless the owner reveal it himself. All transactions are also traceable, so if one address is known, you can trace every single bit that gets sent out from the address. Mixer services tries to solve this by allowing you to deposit any amount and get it back to another address without anything linking those two addresses. However this can still be tracked with some dedication.

who cares
pinkpanther03
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August 31, 2017, 04:08:27 PM
 #24

bitcoin is pseudo-anonymous.

All transactions are included in the blockchain (decentral database), so it's possible for somebody to follow these transactions (inputs, outputs, change addresses,...), and using some data mining and some clever algorithms, it's possible to find most addresses belonging to your wallets.

Couple this information with the fact that most exchanges follow KYC regulations and require your identity verification AND the fact that if you buy a physical good, you'll have to provide a delivery address. The end result is that if you ever bought bitcoin with a verified account, or spent bitcoin using your real address, somebody with enough resources and time will probably be able to find you...

That being said, no ip's are recorded in the blockchain. A node can only (potentially) record the ip of which it receives a transaction (but it can never know it is the ip of the person creating the transaction). So, if you use a VPN (or tor) and never couple a physical address or a forum nickname to your addresses, it'll be pretty hard to track you down.

There are also other sollutions to enhance your privacy, but i'm not going to go into details this time Wink
You are right sir, That's why some of the bitcoin users here when they do transaction in withdrawal they bitmixer or chipmixer so that there transaction will not be traceable.
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August 31, 2017, 04:24:11 PM
 #25

I do not think that bitcoin is completely anonymous. Anyway, after all, a good specialist will be able to calculate through the Internet from whom the payment has gone.

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August 31, 2017, 04:43:52 PM
 #26

Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
Yes, exactly every trading account has no trader information, all of which are anonymous. This provides high security for your account as well as your transactions. But it seems that it is not difficult to find recipients to declare the recipient's address and confirm the recipient's information.

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micher143
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August 31, 2017, 04:47:18 PM
 #27

Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money

Not at all, if you send a transaction, you should be able to find the transaction ID on https://www.blockchain.com/ and therefore any transaction you make will be recorded and makes it not that anonymous. After some hard work, someone would be able to track your transactions and find all your addresses, so no it is not fully anonymous. Something that would make it even more anonymous would be to use a mixing address to confuse them.
I agree that in every of transaction there would be a transaction ID but in terms of identity of the transaction it is still anonymous because it would not tell or it would not be a form of transaction is still private if you are going to deal with other people. And I examine every transaction I made and i notice that every transaction i made there is a multiple id where it changes every transaction I made meaning to say that it is still unidentified by people.
iamTom123
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August 31, 2017, 04:50:54 PM
 #28

Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money

If you don't touch any FIAT, yes it is anonymous enough. Not completely as everyone can track down every address but you can confuse them with mixing services. If you exchange your bitcoins with FIAT however, your options are:

1-Banks: Not anonymous indeed.
2-Local Traders: They'll see your face. You'll be exposed.

The myth of anonymity is crumbling everyday because there are now ways and means to track someone's actions on the web. The only real anonymity is when you do things offline but that would be a different story. The advent of cryptocurrency promises to put back privacy and anonymity into the game but this is not happening right now as all transactions can be trace and evaluated in the blockchain. This is something we have to compromise in the face of continuing concerns on terrorism, drug and human trafficking, money laundering, online hijacking and all other criminal activities.
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August 31, 2017, 04:52:20 PM
 #29

Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
If you do read on Bitcoins white paper im sure you would able to answer your question for yourself. Bitcoin is anonymous since no one would able to trace you out on whose the one posessing the said address which is really great on hiding your identity to someone specially if you do hold large sums of bitcoin then your privacy would really be kept.

R


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