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June 27, 2018, 05:06:35 PM |
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You may have asked if using Bitcoin is really anonymous. Let’s try to answer this question today.
Compared to Bitcoin, you can use cash for all sorts of business transactions, but it's not easy to understand where that money comes from or who it actually earns. The best advantage of cash is therefore: If you pay with cash you cannot draw any conclusions about the individual who used the cash.
Another thing is Bitcoin, where all transactions are encrypted and also, without any personal data, transmitted via a decentralized transaction system (the so-called blockchain). You can watch all transactions but have no chance to figure out who submitted the transaction and who received the transaction. This reason, Bitcoin is pseudo-anonymous protecting the privacy if you don’t know who the owner of the addresses is. It’s the same when you are using anonymization services to hide your IP. The best-known example is the TOR network (onion-routing).
First of all, you should be able to manage your bitcoin wallet, which allows you to receive, store or send your bitcoins, only to be managed by anonymized providers. And so that one is not tempted to have to announce his bank details when buying bitcoins, there are now also providers on the Internet exchanging Bitcoins for cash, local clients you met personally and Bitcoin ATM. As long as you are limited to the purchase or sale of virtual goods, where no real existing address must be specified, anonymous use is therefore technically possible. With the slightest carelessness but can quickly be drawn conclusions on the own person and the anonymity is over, what makes it more difficult.
However, there are now also some Bitcoin alternatives that promise absolute anonymity through better encryption. This includes z-B. Monero, which has already been condemned by the governments and some said, they would ban it soon.
Basically, Bitcoin is less private as cash in terms of anonymity, but much better than digital payments via card, in which the customer is vulnerable to the providers delivered. Bitcoin is therefore a good solution to pay on the internet.
What do you think is best for privacy? Bitcoin, cash or card payments?
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