Bitcoin known as anonymity, but there are a lot to talk about being anonymous, a harmless and safe technique of creating & receiving payments without compromising your identity and your activities (lawful, illegal &/or illicit). We believe that bitcoin is anonymous, but if you check back in history like the "Silk Road" and latest articles about its anonymity, you tend to question things surrounding its “anonymity”.
Some articles that are worthy of reading:
https://theintercept.com/2018/03/20/the-nsa-worked-to-track-down-bitcoin-users-snowden-documents-reveal/“Though the documents leaked by Snowden do not address whether the NSA aided the FBI’s Silk Road investigation, they show the agency working to unmask bitcoin users about six months before Ulbricht was arrested, and that it had worked to monitor Liberty Reserve around the same time. The source of the bitcoin and Liberty Reserve monitoring, MONKEYROCKET, is governed by an overseas surveillance authority known as Executive Order 12333, the language of which is believed to give U.S. law enforcement agencies wide latitude to use the intelligence when investigating U.S. citizens.”
https://www.cyberscoop.com/bitcoin-tracking-zcash-monero-cryptocurrency/https://rroyselaw.com/technology-transactions/cryptocurrency/time-to-hide-your-bitcoin-wallet-how-the-irs-is-tracking-your-virtual-currency/https://siliconangle.com/hacking-team-found-a-way-to-track-and-trace-bitcoin-transactions-and-the-software-is-now-in-the-wild/https://www.techspot.com/news/74246-amazon-granted-patent-tracking-bitcoin-transactions-selling-data.html https://www.ccn.com/researchers-unmask-anonymous-tor-users-tracking-bitcoin-transactions/https://news.bitcoin.com/irs-crackdown-tracking-bitcoiners-with-chainalysis/"The IRS will no longer target a wide-range of Coinbase users via its information request, which it filed on Coinbase back in March. Instead, the agency made concessions to seek account data of individuals who transacted — meaning they bought, sold, sent, or received — $20,000 worth of bitcoin in any transaction type."
Actual contract between the IRS and Chainalysis:
https://www.documentcloud.org/documents/3935924-IRS-Chainalysis-Contract.htmlAs specified, that all bitcoin sales & purchased amounting to $20,000 or above, are reported to the government and all details involve are shared.
The ownership of Bitcoin is not actually the problem here, spending them is. Buying for products/goods, have transported or exchange them, we can easily be track & identify. Let's say these are true (for discussion purposes) & bitcoin is less anonymous, which is different from we believe in. How can we decline the chances of being recognize as holder & increase our security? Sample, I have 150BTC which is equivalent to $1.2M as of the moment & I would love to convert it to fiat money, what are the methods I can do to be safe and anonymous? I think that exchanges/mixing will not answer these. If I sold it to a person via hard wallet, with large BTC in it, it will not help. When the FBI or any government institution seizes that person, he/she will just cooperate and tell the details of your transactions: the place of transactions, security cameras, describing your face, and parking lot cameras can captured your license plate or any form that is relevant to capture your identity.
Your thoughts on protecting your anonymity using bitcoin?
