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Author Topic: Is bitcoin really anonymous?  (Read 1714 times)
PIR
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May 25, 2018, 04:56:34 PM
 #521

Your identity will remain confidential only your transaction in bitcoin will remain visible so you there's nothing to worry about people behind this work know how to keep each one's personal information in tact and secret so that nothing will interfere or can leak on your information nor can they steal it or copy it.
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May 25, 2018, 08:27:55 PM
 #522

My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace.

I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?

I am asking this because I intend to become rich in 4 or 5 weeks Grin Grin

I think Bitcoin is not really anonymous. Bitcoin can be tracked who the wearer is and whenever to do the transaction. It is pseudo anonymous.
It is a great pleasure to use bitcoin because it is an anonymous currency and no one can trace your bitcoin whenever you want to use bitcoin then you can use but no one can know how much bitcoin you have in your wallet, it gives us safely and it help us to keep it away from all other people. No one is able to share your having of bitcoin if you will not let them know by yourself.

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May 25, 2018, 09:08:38 PM
 #523

A user can create as many Bitcoins addresses as they want, each new address, once used is visible on the public block chain, the contents and all its transactions are also completely visible. However the fact the you are the owner is not known by anyone unless you tell them.

So if a company uses the same address for all transactions you can easily see all their bitcoins income and outgoings.

If someone sends you 10BTC from an address that has 100BTC in it, you know that they still own at least 90 BTC.

However if I create a new address and send that 90BTC to a new address, you don't known if I still own that 90BTC or I sent it to someone else.

You can increase you anonymity by alway using fresh bitcoin addresses for incoming money and any remaining balance of an outgoing transaction.  Analysis of the block chain will also yield high probabilities of harvesting further information by linking different addresses through transactions and infering the owner.

The reality of what is happening is black and white, but the technology creates a grey area when It comes to anonymity.
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May 25, 2018, 09:21:54 PM
 #524

By default it is not anonimous, but there are many special ways to make yourlself almost unable to catch. uncathable. So I wont tell here, but google them.

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May 25, 2018, 09:47:17 PM
 #525

Yes, of course in using Bitcoin like doing a transaction will definitely leave a trace of identity.
From the beginning I joined Cryptocurrency, I have my own view of Bitcoin.
Many say that Bitcoin is something that is anonymous and untraceable.
I'm one of those people who does not believe it because I'm sure that Bitcoin will leave a trail when making a transaction.
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