BITCOIN NOT SO ANONYMOUS!

[St4yInTh3D4rk]

There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?

The bitcoin transactions were anonymous until you reveal your bitcoin address or wallet ID to someone but it is definitely more secured and private than the fiat transaction because banks were doing transaction for us so they have all our details and can use it without our permission too so in that case bitcoin is pretty good invention and also you can increase the anonymity of bitcoin transactions by using coin mixers.

[lazygin006]

Yes Bitcoin can still be traced and it is not 100% anonymous. That is why there are other privacy coins out there implementing different technologies aiming to achieve that.

[btc_angela]

Yes Bitcoin can still be traced and it is not 100% anonymous. That is why there are other privacy coins out there implementing different technologies aiming to achieve that.

Or bitcoin users used mixing their coins to avoid detection. Its also good to take note of this one:

https://news.bitcoin.com/illegal-activity-use-bitcoin-dea-agent/

Even criminals are well aware that bitcoin is not anonymous. So if you really wanted to remain anonymous then bitcoin is not for you and privacy coins like Monero is your choice.

[Yantoaja]

im aggre with you but in my opinion btc is not anonymous anymore, but your transaction is anonymous you not know you doing transaction with who or where someone use that.

[raidarksword]

I am bit confused about the topic but for what i understands that bitcoin users are anonymous because we used only addresses and private keys to identify the owners, no names given or whatsoever. So basically, bitcoin is still stated as anonymous because addresses and transactions are traceable but cannot really identify the actual owners physically that's why some people used it for mischief.

[St4yInTh3D4rk]

I am bit confused about the topic but for what i understands that bitcoin users are anonymous because we used only addresses and private keys to identify the owners, no names given or whatsoever. So basically, bitcoin is still stated as anonymous because addresses and transactions are traceable but cannot really identify the actual owners physically that's why some people used it for mischief.

No one can trace our name or location through bitcoin addresses but lot of crypto related services need KYC for now so they might collecting the information about who is owning that address so in that case it can be found if you used your bitcoin address somewhere publicaly.

[spadaccino]

Indeed. You can mix how much you want your transaction but they will truck you down if are quite smart to do it - and feds unfortunally for you are good in this. So you can be safe only when your privacy is secure and with BTC actually you are not. Try to think outside the box and choose wisely before doing anything. It's the internet payment era but because we still are in early stage you have to study like never before.

[johnleo]

Anonymity is decided by user, you can stay anonymous forever like Satoshi or surrender yourself to many exchange who force you to verify yourself. So I think bitcoin still meets the criteria as anonymous system.

[PumpkinDonat]

You are anonymous if you do not tie the fiat accounts and every time you use different key pairs for transactions.

[Ahimoth]

There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?

The bitcoin transactions were anonymous until you reveal your bitcoin address or wallet ID to someone but it is definitely more secured and private than the fiat transaction because banks were doing transaction for us so they have all our details and can use it without our permission too so in that case bitcoin is pretty good invention and also you can increase the anonymity of bitcoin transactions by using coin mixers.

Well as long as you are the only one who has access on your own account then the transaction will still be anonymous. Actually we can't really say bitcoin is anonymous especially when some of your friends knows that you own some of it. Technically it is anonymous but we can't justify that it is really is.

[Airbuxf]

It gets less anonymous when you transfer your coins between exchanges and your private wallet. Then it's pretty easy to track you and have all your data because of the KYC procedure on exchanges.

[AliMan]

There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?

The bitcoin transactions were anonymous until you reveal your bitcoin address or wallet ID to someone but it is definitely more secured and private than the fiat transaction because banks were doing transaction for us so they have all our details and can use it without our permission too so in that case bitcoin is pretty good invention and also you can increase the anonymity of bitcoin transactions by using coin mixers.

Technically bitcoin will remain anonymous as long as the transaction is hidden and unknown. Well actually it is not really anonymous since you have some partners to do. We can't really say that it is anonymous since the transaction we made are known. There's no secret in bitcoin andis I think it is what make bitcoin good.

[Chicksteen]

yes it's true, the transaction can still be checked through our wallet address. actually it also helps if you want to track whether there is money laundering action.

Every transaction can be tracked between bitcoin address that are connected on your information. It is anonymous in term that the you used an alias for the account. Bitcoin address is trackable but cannot tracked who is the true owner of it when you are not using a kyc verification.

[Jannn]

It doesn't need to be anonymous, that's not its intended purpose. Obviously with enough analytics you can start linking wallet addresses to identities, especially when the exchanges have a habit of selling transaction and usage data. If you want something anonymous you better go for Zcash, Bitcoin private or ideally Monero, as these are much more difficult to track.

[NeMa94]

I agree that Bitcoins purpose was not to be entirely anonymous, but rather fair distribution and decentralization. Many coins offer privacy if you are into the deep covering of your tracks. Still, it is a small chance that someone will take the time to track your transactions unless you are making some mischief.

[Xardasim]

There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?

If you don't write anywhere about the address being yours, the anonymity is still be there. We must protect the anonymity of Bitcoin ourselves. So if you look at Bitcoin as an investment, you are wiping out its properties. When we look as an investment rather than the money, we have to use the centralized exchanges and certainly ID verification is needed for use. Then there is no such thing as anonymity.

[kaya11]

What do you expect, I heard rumors that blockchain was used when tracking the terrorist leader Osama Bin Ladden by the CIA to pinpoint his location, well I don't really know if it is true- since it was a rumor. We are totally hidden when we use the internet it is what I believed.

[deerlion]

Thats the one downfall of bitcoin, its not anonymous and its easy to track with blcokchain analysis.  Most people on the dark web are only using privacy crypto coins now because its the only way they can stay safe and out of the government's reach.

[SoiledDove]

There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?.

Hello St. Patrick, I didn't know you were into cryptocurrency. Well now, let me tell you, I'd say it would be true to say that Bitcoin is pseudonymous rather than anonymous. If it was completely anonymous, how would any of us get our Bitcoin back? I've no objection in principle to anyone being able to look me up as the owner of a couple of Bitcoin. It might be a different story altogether if there was a notice across the Internet saying *SD Is Cleaning Up With Bitcoin*. You'd like to be financially successful, without too much ado. What you don't want is to tell the world about it.

[jakezyrus]

What do you expect, I heard rumors that blockchain was used when tracking the terrorist leader Osama Bin Ladden by the CIA to pinpoint his location, well I don't really know if it is true- since it was a rumor. We are totally hidden when we use the internet it is what I believed.

i didnt know that blockchain exists that time before cryptos invented ? i also dont think that by using blockchain you can trace someone's location . as what ive experience , blockchain technology only records crypto currency related stuffs like crypto address , tx id's , etc ...


we arent also hidden when we start to use the internet because we can still be traced based on our ip address and based on gps trackers .  but in the case of cryptos , only several coins are not fully anonymous such as btc and eth as thier public address can be linked via block explorers ,