luxcoin (OP)
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Activity: 490
Merit: 251
Guard your privacy
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October 25, 2017, 07:03:23 AM |
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Everyone can create an wallet in a snap of course without giving any identity also.
And the transaction is secure, encrypted and whatever, BUT are your wallet truly anonymous?
It has a private password and that’s ok when you keep all the BTC in there . I mean IN and OUT.
But when you want to change your BTC with other CCs that’s where you can get pubblic. On the exchange and in many other ways.
Just keep it in mind
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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iamTom123
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October 25, 2017, 07:12:03 AM |
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Everyone can create an wallet in a snap of course without giving any identity also. And the transaction is secure, encrypted and whatever, BUT are your wallet truly anonymous? It has a private password and that’s ok when you keep all the BTC in there . I mean IN and OUT. But when you want to change your BTC with other CCs that’s where you can get public. On the exchange and in many other ways. Just keep it in mind
Yes, we already know that in Bitcoin there is no such thing as absolute privacy. Somewhere along the way, the privacy chain can be broken and the transactions can easily be mined and analyzed. As in anything in life, there would always be exemptions to the general rule. Generally, it should be be anonymous maybe if all things are kept in the Bitcoin network in the sense that any transaction may not have your personal identity imprinted on them (however the details of the transactions are there for the public to see) but when the transaction can be involving third-parties then that is why when things can really be so different. We are living in a connected and wired world where privacy can be shared for all to record, mine, analyze and utilized. Private data can in fact be a billion-dollar business as there are many commercial entities who are interested to get hold of the data for their own business exploitation. One of the reasons why we have cryptocurrency is to precisely limit the encroachment of these data coming from the government and business industry. But as in anything in life, we could not live alone by ourselves so somewhere somehow we have to compromise to also get what we want. |
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tutorroma
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Activity: 255
Merit: 10
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October 25, 2017, 07:16:46 AM |
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The key is to have a sense of security. Even a paper purse without a cold purse is safe. But it's safe for people who use it to protect their passwords and keys, or to record their own pen and paper. There's just one more point. Remember cookie every time you use your wallet
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n4poleon
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October 25, 2017, 07:19:37 AM |
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Nope, it's pseudonymous. Has degrees of anonymity. Bitcoin transactions are fully transparent but it's not associated or tied to an identity hence it is called pseudonymous. However, law enforcement are somewhat successful tracking down illicit activities (silk road). Even tor is not fully anonymous, any decent hacker is able to track you when you get target.
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robelneo
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Activity: 3220
Merit: 1202
Bons.io Telegram Casino
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October 25, 2017, 07:27:16 AM |
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It's not 100% anonymous because it can be tracked and there are some tools to track bitcoin transactions and we have seen that in the past, but there are bitcoin mixer services, where for a small fee you can make your transactions anonymous.
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tengek37
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October 25, 2017, 07:57:32 AM |
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anonymous in bitcoin is where the transfer history from one wallet to another wallet will not be detected, it is in my opinion, if anyone has other opinion please quote my submission.
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Murloc
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October 25, 2017, 08:02:22 AM |
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Hopefully your thread have nothing close to your DeepOnoin signature. If yes then I would like to remember that DeepOnion is a scamcoin. If you are reading this message do not buy this shit!
BTC is not 100% anonymous (but it may be pretty close to this number) but if you are selling kiddie organs then you better use dashcoin or monero.
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brobbel
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October 25, 2017, 08:06:21 AM |
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Everyone can create an wallet in a snap of course without giving any identity also.
And the transaction is secure, encrypted and whatever, BUT are your wallet truly anonymous?
It has a private password and that’s ok when you keep all the BTC in there . I mean IN and OUT.
But when you want to change your BTC with other CCs that’s where you can get pubblic. On the exchange and in many other ways.
Just keep it in mind
That's why it's called pseudonymous and not anonymous. It can be anonymous when you never use an exchange, but due to the fact that the blockchain is publicly available every transaction can be monitored. So if you ever use an exchange your payments can be tracked (or at least part of your transactions). |
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yojodojo21
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October 25, 2017, 08:14:14 AM |
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The fact that BTC and its different wallets are secured but the owners are anonymous.
BTC, has many issues, some say it owns by someone and some says it is not own by anybody. We don't know the real issue.
Wallet sites owners keep their identity anonymous because it is for their safe. Less talk less issue about it.
But, it is really advantage of the anonymity as long as the amount of BTC that is store in wallet is safe.
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se150401317
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Activity: 60
Merit: 10
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October 25, 2017, 08:27:56 AM |
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I think the bitcoin addresses are known, so as long as one maintains the privacy of not disclosing their identity with their bitcoin address, one can be anonymous to an extent.
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bitorama
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October 25, 2017, 08:32:56 AM |
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No, XMR is really anonymous
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Emoclaw
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October 25, 2017, 08:47:10 AM |
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Everyone can create an wallet in a snap of course without giving any identity also.
And the transaction is secure, encrypted and whatever, BUT are your wallet truly anonymous?
It has a private password and that’s ok when you keep all the BTC in there . I mean IN and OUT.
But when you want to change your BTC with other CCs that’s where you can get pubblic. On the exchange and in many other ways.
Just keep it in mind
Bitcoin is anonymous in the sense that it cannot be linked to the user's identity. It doesn't matter if you use an exchange to buy FIAT or other cryptocurrencies because at that point it's not just about Bitcoin. However since transactions are public and can be traced, Bitcoin is not 100% anonymous. I guess you can say it is pseudonymous. A truly anonymous cryptocurrency is Monero. Transactions cannot be linked to each other. |
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Gloria_16
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Activity: 112
Merit: 10
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October 25, 2017, 08:47:17 AM |
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Bitcoin is anonymous, but blockchain allows you to see all the transactions, which means that you can see the address, but you do not know whose it is)
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Slipknot79
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October 25, 2017, 08:49:44 AM |
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It is - completely. However if you register with an exchange or wallet service that requires you to. It can be linked to that wallet. All the transactions from that wallet can also be followed. So there is a seed planted that can be traced backwards.
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TrumpD
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October 25, 2017, 08:54:19 AM |
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It is anonymous up until you add personal information that can somehow be linked to your bitcoin wallet or transactions. For example giving personal details to an exchange could lead to your coins being traced from the exchange to wherever you send them and beyond.
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Redanim
Newbie
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Activity: 56
Merit: 0
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October 25, 2017, 09:25:02 AM |
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Firstly, unlike bank accounts and most other payment systems, bitcoin addresses are not tied to the identity of users at the protocol level. Secondly, transactions are also not tied to the identity of users. And thirdly, bitcoins transaction information is transmitted by randomly selected P2P network nodes. It means they are anonymous.
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squatter
Legendary
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Activity: 1666
Merit: 1196
STOP SNITCHIN'
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October 25, 2017, 09:45:43 AM |
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Firstly, unlike bank accounts and most other payment systems, bitcoin addresses are not tied to the identity of users at the protocol level. Secondly, transactions are also not tied to the identity of users. And thirdly, bitcoins transaction information is transmitted by randomly selected P2P network nodes. It means they are anonymous.
Addresses and transactions can be tied to the identity of users if they aren't careful. If you send money to an exchange where your documents are on file, your incoming transactions can be traced. If you send money out of such an exchange, your outgoing transactions can be traced. To use BTC anonymously, you can't easily take physical delivery of things, and you can't interact with exchanges with regard to fiat money. If the BTC economy were self-sustaining, it would be more tenable to not use fiat gateways, but as it stands, it's very difficult to e.g. live off crypto while being entirely anonymous. |
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vv181
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Activity: 1932
Merit: 1273
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October 25, 2017, 09:55:58 AM |
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As has already been said, the bitcoin is not anonymous, but, rather pseudo-anonymous. If you want full privacy using bitcoin, you should use VPN and Tor for every transaction you make, create new address for every transaction, and use bitcoin mixer service. Or if you want a simpler and safer way you can choose monero for that
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AverageGlabella
Legendary
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Activity: 1232
Merit: 1080
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October 25, 2017, 09:57:10 AM |
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It's as anonymous as you make it. If you are sending your address publicly and then doing public deals then it isn't. If you deal in private then it can be. Everything is public on the blockchain but hides your identity so its up to you to keep it that way.
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xIIImaL
Legendary
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Activity: 1372
Merit: 1005
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October 25, 2017, 10:01:29 AM |
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Everyone can create an wallet in a snap of course without giving any identity also.
And the transaction is secure, encrypted and whatever, BUT are your wallet truly anonymous?
It has a private password and that’s ok when you keep all the BTC in there . I mean IN and OUT.
But when you want to change your BTC with other CCs that’s where you can get pubblic. On the exchange and in many other ways.
Just keep it in mind
Your private key information will not be shared to anyone from the wallet providers. If you share by your own and sharing wallet.dat will be hackable by the any people. Bitcoin transaction are anoymous anytime because private information will not share whenever you transferring the bitcoin to any concern wallets. Exchangers will comes to know your bank details when you exchange your bitcoin to fiat cash. I have many time trading but none of the people will not looking into share it anyone. |
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