Anonymity

[cosmoo]

I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.

[captin crunch]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

As you mentioned anonymity is one of the main "pros" of the bitcoin, so it will certainly influence the concept of this coin. But there are countries where identification is not required, so I think trading will move there.

[Lago_V]

There were cases already when criminals after using Bitcoin for transactions were tracked and arrested. So, the anonymity is quite a disputable issue, I think. 

[AmericanBit]

I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.

Yes you are right that regular crypto society does not need the anonymity, but I am sure holders of the main part of bitcoins are rich people, with influence and they need anonymity, for different purposes, some of them are legal and some are not. And we should admit that anonymity is the main advantage of bitcoin.

[jona]

Anonymity is the ongoing process now,this could be due to government pressure on the exchange. Although i see no wrong in this but Even with the the KYC you will still have limit of withdrawal and form time  to time this process is been reviewed   for unlimited  withdrawal.

[Julunguul]

more likely new programme from ICO and exchange is gonna bring a bad impact to their customer. rather than make a something like KYC, it should be change to be KTT (Know Their Team) so participants atleast also hold the dev's personal data.

so each other will keep to be trusted

[PatyZante]

In our country, I think exchanges are supposed to do it (verify identification) for the transaction to happen. The government will only allow the transaction to happen once they verified our identity. It's one of their rules and regulation in our country for us to convert our crypto currencies. One of their ways to ensure that it is not being used in any illegal transactions.

[spartacusrex]

I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.

I'm sorry - but that is complete rubbish.

How would you like your landlord to know you have had a pay rise and then raise your rent ?

How would you like your business competitor to know how much you are making off your knew product and to know whether that strategy is worth copying ?

And - as for Drugs - This Ridiculous War on Drugs is the single biggest waste of time, money and energy in the history of forever. God - I wish people would grow up and realise that all the negative press / violence is a direct result of not legalising and taxing it. A moron could work it out.. So I'm not sure what that says about the current crop of utterly useless governments.

Financial privacy is a requirement of any forward thinking society (where money is still in use).

Anyway - it won't matter soon, as they'll crack it, and we'll all be CoinShuffling our CT'ed coins in a single aggregate signature block.. and no one will know what the hell is going on..

[BelieveInBTC]

I don't understand why so many people think that Bitcoin is completely anonymous. It is fairly easy to track transactions because everything can be seen using a blockexplorer. There are plenty of ways to buy Bitcoin without exposing your real identity. The easiest way is to buy Bitcoin from a person you know or you met on Localbitcoins for example. I can't wait to see Confidential Transactions then we won't have to worry about verification. They won't know what we use our Bitcoin for.

[marcuslong]

There were cases already when criminals after using Bitcoin for transactions were tracked and arrested. So, the anonymity is quite a disputable issue, I think. 

Well, I think that all of the illegal transactions using Bitcoin is so possible. Bitcoin is anonymous. That’s right. But there are some Bitcoin wallets that requires you to place and input your name and your identity including ID Card, etc. Having illegal transaction is never be prevnted because of Bitcoin’s anonymity and being decentralized.

[Freshmen]

BTC is controlled by governers! they said satooshi created BTC! but please think: did only 1 man create BTC? I think BTC is a huge technology, so it could not create only 1 person.  

Blockchain technology is indeed a big invention and complicated as well, so it is not possible for single person to develop it. The idea and main draft could be of one person, and afterwards he would have hired some experts for working on his project. Governors are not involved in this otherwise it would have been clearly centralized since its creation whereas bitcoin is equally available for usage for all people of the world.

[adzino]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

Bitcoin is not anonymous. It was never anonymous but is considered as pseudonymous. Most exchanges now require you to verify your account and give out your verification due to regulations taking place. It is really sad that we have to be doing this on a decentralized currency. There are sites that allow you to exchange without verification but with certain limit. Binance has a limit of total 2 BTC withdrawal per day for non verified users, though their trading page is laggy as fuck.

[ChickenDuck]

For me it’s good with KYC. Let say if hacker stolen your btc, they still could not sell it to fiat.

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

[reymartH]

One of the great promises of this technology is anonymity: the transactions are recorded and made public, but they are linked only with an electronic address. So whatever you buy with your bitcoins, the purchase cannot be traced specifically to you.