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May 25, 2018, 09:08:38 PM |
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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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