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Author Topic: Is anonymity the future for bitcoin???  (Read 1076 times)
vinc3 (OP)
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September 20, 2018, 04:27:54 AM
 #1

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.









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September 20, 2018, 04:33:17 AM
 #2

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
I don't think the anonymity will be the only reason for the future of bitcoin,already we have the system and everybody know how it works so it will be like this forever so if someone concern about the anonymity then they need to use the bitcoin mixers which makes the bitcoin hard to be traced.In future anonymity is the reason for the usage cryptos then people won't pick the bitcoin there are some coins like Monero are available with high anonymity.
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September 20, 2018, 05:03:41 AM
 #3

anonymity will help hackers, scammers, criminals and terrorists also. If bitcoin helps tax evasion, bitcoin will get banned worldwide.

the owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using bitcoins. So Bitcoin transactions are not anonymous.
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September 20, 2018, 05:22:57 AM
 #4

Anonymity is not good for our future. I think the main purpose of creating crypto currencies is to bring the transparency and giving the control of the funds to the user who owns it which is not possible in case of banks and other investments unless you keep fiat stashed in your house in which case value depreciates because of inflation.

People associate anonymity with their right of keeping their money/property safe from everyone and want to use it as a tool to avoid taxes too but if you expect good facilities and security from your government for yourself and for family, then why should not pay the fair taxes on time?

If anonymity is added to the bitcoin, then anyone can fund the terrorist/illegal activities without anyone knowing about it which may increase the crime rate/illegal activities. People will try to convert their properties/savings into btc so that they don't ave to pay taxes and capital gains. Governments will lose a substantial part of their funding and in reciprocation, many countries will ban the btc and its trading in the country and any even criminalize it to hold and trade bitcoins/crypto currencies.

So in my opinion, anonymity won't do any good for bitcoin and for traders/investors worldwide. This is my take on anonymity.
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September 20, 2018, 05:30:05 AM
 #5

There are some developers working on projects to make Bitcoin more anonymous, but it remains to be seen how people would react to it. I know for a fact some governments will not be happy with a more anonymous Bitcoin and they might even pull their support for it, if that happens.

If you want some anonymity, then try using the "Mixer" service that I currently have in my signature. It is fast and cheap and reliable. We do not need anonymity as part of Bitcoin's core protocol, because there is enough services out there to help you to increase your anonymity.  Roll Eyes

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September 20, 2018, 05:34:16 AM
 #6

Anonymity is the future of altcoins like monero.The future of bitcoin is in the mainstream adoption and having more people,corporations and countries recognising it as a reliable payment option and a good store of value.
Thinking that bitcoin transactions are anonymous is:
1.Wrong.
2.Helps for spreading FUD.

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September 20, 2018, 05:44:57 AM
 #7

... anonymity or providing privacy ...

these two are not the same thing. for example i may not be anonymous but i definitely have privacy when i am using bitcoin. for example when i pay for something online since the shop doesn't get my personal information they don't know who i am. and also an average Joe on the internet can not do in depth blockchain analysis on my transactions to see how much bitcoin i own and where i spend them or where they come from. and that's called privacy.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 20, 2018, 06:31:32 AM
 #8

the way I see it is that bitcoin already has enough anonymity.  that that is more than enough. you say every transaction is public but even if I show you my address and transaction you still wouldn't be able to know who I am.
and this level of anonymity can even be considered a good thing if you ask me. if bitcoin was fully anonymous we may have had a lot more FUD and attacks against bitcoin. with this small level of anonymity they are still FUDing it and say it is being used for illegal activities when it is not, if there were more then they would have attacked it even more.

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September 20, 2018, 06:38:04 AM
 #9

Anonymous, in my opinion, is just a situation where we can be careful of our identity or not, and in bitcoin we can make thousands of wallets at once which will make us difficult to track. But if you only use 1 wallet, the owner of the wallet will be revealed.

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September 20, 2018, 06:40:59 AM
 #10

Any sort of anonymity will be compromised as soon as people convert bitcoin
to FIAT and/or buy bitcoin with FIAT tgrough a centralised medium, bank or card.

Its not just the stereotypical criminals etc. Who would want the anonymity factor
there are others who would want it for personal reasons but the majority of
bitcoin users today  couldnt care about it i recon.

Its primarily the end game of "how much am i going to make"

R


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September 20, 2018, 06:44:44 AM
 #11

Recently we've seen bitcoin forks like Bitcoin Private and Bitcoin Anonymous providing privacy and anonymity features. Yes, it helps in keeping your transaction private but it's not really a step which will help in Bitcoin's future. Because of privacy, it will help hackers, fraudsters, and criminals to keep themselves safer and untraceable. World government is not yet ready for privacy coins and several big personalities rejected this features, like SocGen CEO and Bill Gates.

It may take some time when we see Anonymous and privacy coins becoming more prevalent but as of now, bitcoin has a better future for its current features and anonymity might hurt more than providing something good.

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September 20, 2018, 06:52:58 AM
 #12

Bitcoin is anonymous currency if you use it for direct transactions without exchanges with kyc.
While btc do not uses globally and all n exchanges

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September 20, 2018, 06:59:18 AM
 #13

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

A possible next step for Bitcoin is Schnorr signatures which may indeed add some more privacy. Unfortunately I don't really know more details and I didn't find yet a source easy to read and understand and still with all the information (but I just started digging).

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September 20, 2018, 07:08:50 AM
Merited by franky1 (10), ABCbits (1)
 #14

OP, I believe not, not for a network as mature as Bitcoin. Changing the rules now to make it more "anonymous" and "private" would have consequences.

The Bitcoin blockchain's transparency has its advantages too. It proves, with our own eyes, and without trusting that some privacy technology "simply works", that the ledger is balanced and auditable.

Adding more anonymity and privacy might also attract government agencies to discourage it more, or make more unfavorable laws against using it.

Plus if the Core developers truly wanted a more "private Bitcoin", then maybe do it off-chain, in the Lightning Network. But leave the blockchain alone.


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September 20, 2018, 07:09:50 AM
 #15

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

Anonymity is not a concern for bitcoin at the moment and there is other better option already available for private transactions. Next move for bitcoin will be the more precise scalability so that the network does not get congested when demands get high. Also to reduce the transaction fees as low as possible.
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September 20, 2018, 07:22:34 AM
 #16

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

Anonymity is certainly a point in Bitcoin's favour, but at what point does anonymity become a novelty? At the end of the day, unless you are involved with something shady, anonymity doesn't really matter, does it? Although, on principal, it is a good and noble feature.

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September 20, 2018, 03:17:15 PM
 #17

Bitcoin has a future as digital asset/investments and digital currency which will be regulated just like other assets and investments
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September 23, 2018, 05:30:26 AM
 #18

I believe the latest bug, that would have made an "attacking miner" inflate the coin supply, proves that the Bitcoin's transparency and auditability on the base layer is the best.

If a hacker exploited a bug that would inflate the coin supply of a "private blockchain", how would the developers tell if there were 1 coin or 1 billion coins inflated in the total supply?

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September 23, 2018, 05:41:35 AM
 #19

I believe the latest bug, that would have made an "attacking miner" inflate the coin supply, proves that the Bitcoin's transparency and auditability on the base layer is the best.

If a hacker exploited a bug that would inflate the coin supply of a "private blockchain", how would the developers tell if there were 1 coin or 1 billion coins inflated in the total supply?

this is entirely off-topic here since it has nothing to do with the anonymity subject being discussed.

as for the "attack", don't forget that any block that used this vulnerability would have been an invalid block. the problem was simply that certain versions of bitcoin core nodes were not verifying blocks for detecting this particular problem so they accepted it as valid. but that  doesn't make the supply inflate, it just made those nodes go on a fork and start an altcoin.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 23, 2018, 07:26:31 AM
 #20

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

With this anonymous account, there are many concerns in some countries in the world to ban cryptocurrency because they have the opportunity to commit criminal acts, this is the reason for many countries that prohibit cryptocurrency, even though they record every transaction on the blockchain but cannot find out their true identity.
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September 23, 2018, 07:48:33 AM
Last edit: September 23, 2018, 08:09:02 AM by franky1
 #21

OP, I believe not, not for a network as mature as Bitcoin. Changing the rules now to make it more "anonymous" and "private" would have consequences.

The Bitcoin blockchain's transparency has its advantages too. It proves, with our own eyes, and without trusting that some privacy technology "simply works", that the ledger is balanced and auditable.

Adding more anonymity and privacy might also attract government agencies to discourage it more, or make more unfavorable laws against using it.

Plus if the Core developers truly wanted a more "private Bitcoin", then maybe do it off-chain, in the Lightning Network. But leave the blockchain alone.
finally some great thought from wind_fury
you have definitely earned 10 merit for this

i may add some points to the 'consequences' and explain the 'simply works'
some privacy concepts being discussed by devs are to hide the VALUE being moved.
this alone can make bitcoin UNauditable and thus challenge the point of a transparent trustable chain where people can see that coins at Z are real because they can be seen right back through the chain back to their original mined block A
many dont care about WHO.. but they still want to clearly and simply know the coins have a clear visible path from A-Z

these privacy codes actually add bytes of data to a transaction and only work when multiple parties mix funds. meaning its not only a bloated multisg transaction. but a multisig with extra bloat for the value privacy.
which means less transactions per hard drive space. which is not an optimisation of transactions vs space. but a de-optimisation

then theres the fact of adding too many features to something that should just be about send A to B. that it opens up risks of bugs where certain checks are not instantly done because theres just so many checks to do. thus causing risks by skipping a check initially to attempt to optimise relay speed, and do checks after. that then cause bugs of their own

as windfury said. if you want privacy that your name wont get attached to a transaction on the chain that you do not want seen. use other services/networks that do not publish details that need to be checked.

bitcoin is about checking and validating data. if we stop checking and validating data. then blockchains become pointless

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September 23, 2018, 08:21:18 AM
 #22

the way I see it is that bitcoin already has enough anonymity.  that that is more than enough. you say every transaction is public but even if I show you my address and transaction you still wouldn't be able to know who I am.
and this level of anonymity can even be considered a good thing if you ask me. if bitcoin was fully anonymous we may have had a lot more FUD and attacks against bitcoin. with this small level of anonymity they are still FUDing it and say it is being used for illegal activities when it is not, if there were more then they would have attacked it even more.

True. This the answer to your question.

Look there is not much information in the blockchain but just an Address. You still do not know who the guy is. Maybe if he did sign a message with his information then you can track him easily but not much does that. They still prefer to be hidden.

Exchanges though like Coinbase provides knows some people who uses address for they need to sign up with full info. But there is still a law of privacy so you cannot just get it from them.

Regarding the anonimity. It is already enough to stay private.
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September 23, 2018, 08:30:23 AM
 #23

I dont think anonymity is the advantages of bitcoin. Right now many coin with anonymity features like monero coin. Bitcoin advatages is on network security and its already proven for many years.

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September 23, 2018, 08:56:13 AM
 #24

Here you can look from two sides. The first is that the set of digits and letters is already anonymous. The other side is that everyone can see this set of numbers and letters. This is what we have now, this is a golden middle, something between anonymity and openness.
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September 23, 2018, 09:01:55 AM
 #25

I think anonymity is a dilemma for bitcoin, because on one hand anonymity makes an opportunity to obscure transactions, but on the other hand, if it isn't made anonymous, then our data is vulnerable to being hacked and misused
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September 24, 2018, 06:19:43 AM
 #26

I believe the latest bug, that would have made an "attacking miner" inflate the coin supply, proves that the Bitcoin's transparency and auditability on the base layer is the best.

If a hacker exploited a bug that would inflate the coin supply of a "private blockchain", how would the developers tell if there were 1 coin or 1 billion coins inflated in the total supply?

this is entirely off-topic here since it has nothing to do with the anonymity subject being discussed.

Not entirely, because it serves as a point to make a debate against an "anonymous" and "private" Bitcoin.

But for you, ok. I will start another topic about it or ask some developers.

Quote
as for the "attack", don't forget that any block that used this vulnerability would have been an invalid block. the problem was simply that certain versions of bitcoin core nodes were not verifying blocks for detecting this particular problem so they accepted it as valid. but that  doesn't make the supply inflate, it just made those nodes go on a fork and start an altcoin.

But how many nodes were running the version that would accept the "attacking blocks" as valid? Thousands more than the versions that would reject them and crash from what I read. I believe there are more Bitcoin Core versions running with the bug in 0.15.0 to 0.16.2 than the versions that don't have the bug.

But I also believe that because of Bitcoin's transparent and auditable blockchain, the discrepancy can immediately be found. The community, the miners, the merchants, and the developers can then react quickly and deploy a fix.

Non-transparent blockchains might not have the same ease in that situation.

OP, I believe not, not for a network as mature as Bitcoin. Changing the rules now to make it more "anonymous" and "private" would have consequences.

The Bitcoin blockchain's transparency has its advantages too. It proves, with our own eyes, and without trusting that some privacy technology "simply works", that the ledger is balanced and auditable.

Adding more anonymity and privacy might also attract government agencies to discourage it more, or make more unfavorable laws against using it.

Plus if the Core developers truly wanted a more "private Bitcoin", then maybe do it off-chain, in the Lightning Network. But leave the blockchain alone.
finally some great thought from wind_fury
you have definitely earned 10 merit for this


Hahaha. Thanks.

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September 24, 2018, 06:36:28 AM
 #27

The focus now for bitcoin is what to do in an overloaded environment. It is clear that transaction speeds needed to be improved and the fees lowered. For privacy there is monero and zcash which will attract the darker crowd

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September 24, 2018, 06:42:46 AM
 #28

Anonymous, in my opinion, is just a situation where we can be careful of our identity or not, and in bitcoin we can make thousands of wallets at once which will make us difficult to track. But if you only use 1 wallet, the owner of the wallet will be revealed.
In a way yes, but I dont think anonymity isn't  good thing it leads to black market sales and illegal transactions. so there are many more cons than pros to anonymity.
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September 24, 2018, 07:43:03 AM
 #29

Quote
as for the "attack", don't forget that any block that used this vulnerability would have been an invalid block. the problem was simply that certain versions of bitcoin core nodes were not verifying blocks for detecting this particular problem so they accepted it as valid. but that  doesn't make the supply inflate, it just made those nodes go on a fork and start an altcoin.

But how many nodes were running the version that would accept the "attacking blocks" as valid? Thousands more than the versions that would reject them and crash from what I read. I believe there are more Bitcoin Core versions running with the bug in 0.15.0 to 0.16.2 than the versions that don't have the bug.

But I also believe that because of Bitcoin's transparent and auditable blockchain, the discrepancy can immediately be found. The community, the miners, the merchants, and the developers can then react quickly and deploy a fix.

Non-transparent blockchains might not have the same ease in that situation.

all i'm saying is that it wouldn't have inflated the supply. we already had a bug like this many years ago with an overflow bug which i believe some miner by accident created a block that created a gigantic amount of new coins instead of giving him 50BTC+fees! the bug was caught and since there was an alert system in place back then and the network was small everyone was alerted fast and the bug was fixed while invalidating that block.

as for "anon" coins which i believe that is what you mean by "private or non-transparent" blockchains they also have certain consensus rules checking these things. it wouldn't be impossible to detect invalid blocks like this in an anon coin like Monero for instance. otherwise they wouldn't have worked at all in first place. which is why i said this is off-topic.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 24, 2018, 07:53:18 AM
 #30

Anonymity now makes people think negative is money laundering, so to be transparent for Bitcoin we need to show the activity clear and honest.
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September 24, 2018, 08:18:31 AM
 #31

anonymous is the great thing in one side and bad thing in other side, for the user of bitcoin anonymously its mean that the transaction that they make is secure and nobody know about it, but in other side it will makes the government think about the criminals that happen because of the anonymity of bitcoin, and this is makes some country in the world is banned bitcoin

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September 24, 2018, 09:11:38 AM
 #32

We at Bitssa.com believe that anonymity will create a trust deficit in Bitcoin as a viable investment option and a value storing digital currency. The only reason why there is so much confidence in the market for Bitcoin is that all the transactions are available in the public domain in real time. This is why people have trust in Bitcoin. We all know that Bitcoin is based on the highly secured, sophisticated and advanced Blockchain Technology. As every transaction on the block needs approval from various sources on the network, it makes Bitcoin trading a transparent and accountable process. Therefore, to do away with the 'public character' of Bitcoin and bringing in anonymity will compromise with its security feature and further create suspicion in the public's eyes. And most importantly, adding anonymity will also facilitate terror-funding, illegal transactions, and black money laundering, etc. Hence, it is extremely important that Bitcoin should retain its essential character as a highly secured, transparent and accountable value storing virtual commodity rather than becoming a dangerous instrument in the hands of a few mischief-mongers willing to commit financial crimes if anonymity is granted to it.
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September 24, 2018, 09:30:42 AM
 #33

Quote
as for the "attack", don't forget that any block that used this vulnerability would have been an invalid block. the problem was simply that certain versions of bitcoin core nodes were not verifying blocks for detecting this particular problem so they accepted it as valid. but that  doesn't make the supply inflate, it just made those nodes go on a fork and start an altcoin.

But how many nodes were running the version that would accept the "attacking blocks" as valid? Thousands more than the versions that would reject them and crash from what I read. I believe there are more Bitcoin Core versions running with the bug in 0.15.0 to 0.16.2 than the versions that don't have the bug.

But I also believe that because of Bitcoin's transparent and auditable blockchain, the discrepancy can immediately be found. The community, the miners, the merchants, and the developers can then react quickly and deploy a fix.

Non-transparent blockchains might not have the same ease in that situation.

all i'm saying is that it wouldn't have inflated the supply. we already had a bug like this many years ago with an overflow bug which i believe some miner by accident created a block that created a gigantic amount of new coins instead of giving him 50BTC+fees! the bug was caught and since there was an alert system in place back then and the network was small everyone was alerted fast and the bug was fixed while invalidating that block.

I agree, and if it would inflate the supply, honest miners would notice it early. But I am not debating that.

Quote
as for "anon" coins which i believe that is what you mean by "private or non-transparent" blockchains they also have certain consensus rules checking these things. it wouldn't be impossible to detect invalid blocks like this in an anon coin like Monero for instance. otherwise they wouldn't have worked at all in first place. which is why i said this is off-topic.

The topic is, "Is anonymity the future for bitcoin?", which I answered, "no". The reasons I already said in this post, https://bitcointalk.org/index.php?topic=5033221.msg45928287#msg45928287

Now that you get the context, let's make a hypothetical scenario where there was a bug that could inflate the coin supply in an anon coin like Monero. A bug so bad that the nodes would relay those blocks containing invalid transactions as true.

I know it will be detected, and I know that it will be fixed, but how can it be audited that 1 coin or 1 billion coins were inflated in the total supply, and in what block height did the attacks start?

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September 24, 2018, 09:40:13 AM
 #34

We at Bitssa.com believe that anonymity will create a trust deficit in Bitcoin as a viable investment option and a value storing digital currency. The only reason why there is so much confidence in the market for Bitcoin is that all the transactions are available in the public domain in real time. This is why people have trust in Bitcoin. We all know that Bitcoin is based on the highly secured, sophisticated and advanced Blockchain Technology. As every transaction on the block needs approval from various sources on the network, it makes Bitcoin trading a transparent and accountable process. Therefore, to do away with the 'public character' of Bitcoin and bringing in anonymity will compromise with its security feature and further create suspicion in the public's eyes. And most importantly, adding anonymity will also facilitate terror-funding, illegal transactions, and black money laundering, etc. Hence, it is extremely important that Bitcoin should retain its essential character as a highly secured, transparent and accountable value storing virtual commodity rather than becoming a dangerous instrument in the hands of a few mischief-mongers willing to commit financial crimes if anonymity is granted to it.

As much as I see the points in anonymity possibly challenging the existing Bitcoin blockchain's recognised value as an auditable, verifiable method of payment, I don't know about this trust deficit in it being viable investment.

I feel that people are confident in Bitcoin because it works, it continues to get better at working, and survives threats all the time - more and more people are accepting it for payment, more and more are using it properly. All these investors and people who use it to store value don't really care about the inner workings, not when majority owners probably never signed a transaction themselves, much less know their private keys.

Transactions will still be verifiable for the parties involved, though maybe true not auditable externally without permissions, if anonymisation features were to be implemented.

After all, the "public character" of Bitcoin is still - wrongly - that of a private and anonymous money. Started out like that, and somehow still has that tag (just check the media headlines). This is the false logic that if you make something better at protecting personal freedoms, you do so at the cost of facilitating all that bad terrorist shit. States use it pretty well, let's not help them sell the kool-aid.

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September 25, 2018, 05:47:08 AM
 #35

OP, I believe not, not for a network as mature as Bitcoin. Changing the rules now to make it more "anonymous" and "private" would have consequences.

The Bitcoin blockchain's transparency has its advantages too. It proves, with our own eyes, and without trusting that some privacy technology "simply works", that the ledger is balanced and auditable.

Adding more anonymity and privacy might also attract government agencies to discourage it more, or make more unfavorable laws against using it.

Plus if the Core developers truly wanted a more "private Bitcoin", then maybe do it off-chain, in the Lightning Network. But leave the blockchain alone.

these privacy codes actually add bytes of data to a transaction


Plus it also causes the blocks to be bigger that would cause the network to "scale down" instead of "scale up", and make it more centralized.

Bitcoin's regulated block size limit is there for technical reasons. But I believe it will help Bitcoin out-live every altcoin.

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September 25, 2018, 06:10:18 AM
 #36

NO, it`s already impossible to keep Your identity. KYC is the main gate to the BTC road nowadays.
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September 25, 2018, 06:14:24 AM
 #37

Firstly, I think there is no such thing as a complete anonymity in the web
Secondly, Bitcoin will face huge legal problems which will decrease a demand
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September 25, 2018, 06:15:55 AM
 #38

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

Based on this, anonymity is different from transparency. Being able to see every transaction on the blockchain is transparency and the moment that is available it becomes impossible to forge. If this is applied to every human endeavor, the issue of corruption would be a thing of the past with its influence reduced to the minimum level compared to what we have now because the whole of corruption happens when some things are shrouded in secrecy.

Total anonymity for bitcoin won't be there for long judging by recent happenings and developments. Although, there would still be element of doing your transaction across borders without interference but doing it illegally could mean the anonymity would be lifted due to information provided for KYCs purposes and the ability for one bitcoin address to the linked to another no matter the number of addresses it touched.
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September 25, 2018, 06:46:08 AM
 #39

it seems that bitcoin will indeed become an anonym even for the future, I am very sure that cryptocurrency needs to be improvised so that it can be adopted en masse by governments around the world
maybe we should wait for creative developers in the future, so that bitcoin is more familiar in public
even though they must be anonymous
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September 25, 2018, 06:57:30 AM
 #40

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

No, the future lies in transparency and tracebility. You may like it or not, but this is where it goes. BTC has no place in future.
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September 25, 2018, 07:01:23 AM
 #41

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
We are still trading anonymously and others can not find the IP and where we live. This is a very special point and attracts many criminals to this market. But this is really a great technology and it helps a lot of businesses work better.
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September 25, 2018, 07:05:43 AM
 #42

Anonymity for bitcoin in my opinion is good, because anonymity is very useful to maintain the confidentiality of all identities in a transaction, because if bitcoin is not anonymous, it is very vulnerable to be hacked or misused.
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September 25, 2018, 10:19:06 AM
 #43

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
No.FullAnonymity could not be provided for bitcoin as it has been programmed to be pseudo anonymous.Anonymity would not help bitcoin to progress as already we have seen Monero and zcash which were fully pseudo anonymous to have failed while once they were expected to surpass bitcoin due to their anonymous nature.

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September 25, 2018, 10:33:11 AM
 #44

Yes.  Cool

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September 25, 2018, 11:05:44 AM
 #45

in my opinion, anonymity in the crypto system is made to safeguard the data security of the wallet owner, if it isn't made anonymous, then the data is prone to be misused by irresponsible parties
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September 25, 2018, 11:22:11 AM
 #46

Anonymity will keep rule in the cryptocurrency business for sure in the future. But the anonymity gives bad people to gain lots of money too. The scammers and the terror people can use cryptocurrency easly. I really like to being anonymous in this crypto world but we should find a cure for the scammer who makes money with cryptos.
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September 25, 2018, 11:31:25 AM
 #47

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think it is the reverse. As bitcoin and cryptocurrency is getting known in the world, you can see that things such as KYCs are also developing. Though I am against this, I really don't know where that information is going to be used. Some say that KYC is used to protect the customer. But I also hope that the blockchain where you can see your transaction can also go private in order to prevent some hackers.

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September 25, 2018, 11:43:40 AM
 #48

If you think Bitcoin has no value , then gold, diamond and pearls should not have any value too. Its the humans who give a value to an asset. The only difference is that Bitcoin is virtual and the others are physica
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September 25, 2018, 01:15:08 PM
 #49

Anonymity for bitcoin in my opinion is good, because anonymity is very useful to maintain the confidentiality of all identities in a transaction, because if bitcoin is not anonymous, it is very vulnerable to be hacked or misused.
it's true that in the world of bitcoin it must be the one whose name hides our bitcoin so it can't be read by hackers. because now there are so many bitcoin hackers everywhere
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September 25, 2018, 11:20:17 PM
 #50

Anonymity is the least of bitcoin's concern in the future. It needs to handle large numbers of transactions per second first to have its place in the future. There's also concern for it being an investment. So I think out of these all, the future of bitcoin is the amount of tps it can handle to let it compete with banks.
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September 25, 2018, 11:24:56 PM
 #51

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
At the beginning of the formation that blockchain is indeed anonymous, it can be seen from various transactions that do not store the personal data that we have. indeed, the transaction history will always be stored. basically that using bitcoin is very safe because we don't embrace identity in making transactions. things like this have positive values ​​and negative values. it all depends on our purpose in using bitcoin.
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September 26, 2018, 01:06:21 AM
 #52

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think the future of bitcoin is become global currency. Right now many coin in market have anonymity feature but the value of bitcoin is not only on anonymity. I think the value of bitcoin is on the network security and decentralized system. The future of bitcoin will be digital gold and as store of value.
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September 26, 2018, 01:31:58 AM
 #53

A study by German and Swiss scholars shows that about 40% of Bitcoin users' real identities can be discovered, and some of them also use officially recommended privacy protections. According to a forthcoming paper by researchers at the University of California, San Diego, the bitcoin trading network is increasingly dependent on a few large accounts, which greatly reduces the security of users' identity. In the future, it will be easy to track the true identity of traders through block trades, which may eventually make Bitcoin, which is now heavily used for illegal activities such as money laundering, no longer favored.
At present, a big controversy about Bitcoin is used for illegal activities. If the privacy issue is resolved, although the security of the user's identity will be guaranteed, Bitcoin will be re-emphasized by criminals.
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September 26, 2018, 02:01:38 AM
 #54

Anonymity is very important in bitcoin, most people used bitcoin because of it's anonymity,but there are more important things to develop than the anonymity,because for me the anonymity in Bitcoin is already good, Bitcoin now need to focus the transaction speed and fee, so when the larger scale of adoption happen,it can be handle


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September 26, 2018, 02:07:04 AM
 #55

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

There are many other privacy coins that can be used if user wants anonymity, and anyway, unless user does not link his Bitcoin address through kyc or something it's hard to prove that this address is of this user.

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September 26, 2018, 02:10:22 AM
 #56

Bitcoin has a lot of communities and remains anonymous, things are better anonymously for security, I think it will still have a future and surely mining competition will remain and continue to be done seeing potential bitcoin than others.
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September 26, 2018, 03:12:32 AM
 #57

Come to think of it, what we have in the public ledgers of bitcoin are merely addresses of the sender and recipient and the amount involved in the transaction. Besides that, you got nothing else. The process is pseudonymous already. It might not be so anonymous as you hope for it to be, but i think that is a good system already.

I believe the transparency of the addresses and amount is the variable that survived the honesty of the blockchain. Take that away and conceal each transactions then we're back to square one regarding being trust-less.
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September 26, 2018, 04:35:36 AM
 #58

I don't think is anonymity will be only the future for bitcoin anonymity is different from transparency.anonymity is the crypto system and it is very useful to keep up the doubtlessly.bitcoin is used for illegal activities.
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September 26, 2018, 05:02:22 AM
 #59

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

 i am already happy with the way bitcoin was built.
let it be how it was designed to be.
after all there are already a lot of altcoin out there that offers it's users the anonymity they wanted.
people used bitcoin the way it was therefore let's better leave it like that Cheesy

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September 26, 2018, 06:25:46 AM
 #60

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I don't think the anonymity is the future for bitcoin because we are now in the anonymous mode when we make a transaction and no one will know who is the person behind the wallet. The other people don't know what the reason of that transaction in the blockchain is and although we use bitcoin mixer that available in out there, still, we cannot understand the purposes of that transaction. I think the future for bitcoin is how to reduce the time of confirming and also reduce the fee that might bigger.
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September 26, 2018, 09:55:10 AM
 #61

I love the transparency of Blockchain.  Some companies are taking advantage of this very important feature unfortunately . I wish it was possible to have transparent Blockchain with very anonymized transactions... It should be the kind of anonymity that is difficult or impossible to deanonymize.

I don't really like the idea of total anonymity. The Community and the World should be able to monitor all Blockchains and their activities without necessarily knowing the true identity of the users.  However things don't work this way in real World where total privacy of asset/currency is possible.
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September 26, 2018, 10:06:36 AM
 #62

In my own opinion Bitcoin will not touch the anonymity part of it. This is true because decentralization is the fundamental aspect of bitcoin and soul of the concept. Governments and  her regulations agents are pressing for bitcoin to centralized which is the major reason for these attack since bitcoin refuse to bulge. If you remove anonymity on bitcoin then there will be nothing like bitcoin again. Bitcoin is attractive because of its anonymity and decentralization. Once it is centralized now it will be difficult to reach the poor again. It will just become the elites business.
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September 26, 2018, 12:09:45 PM
 #63

I think in the future anonymous cryptocurrencies will be very popular. Perhaps Bitcoin will also improve in this direction. Centralized exchanges will require a pass KYC  and from this anonymous crypto-currency users will be less anonymous.
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September 27, 2018, 04:48:35 AM
 #64

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

Im afraid anonymity is not the future of bitcoin because any peoples can trace where bitcoin goes.
Different with other cryptocurrency such as Monero, you cannot freely trace where the coins go.
But currently, there are some bitcoin mixers which able to mix the address of bitcoin receiver or sender if im not wrong.

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September 27, 2018, 05:12:33 AM
 #65

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
Very good thinking and I agree if we discuss to get a good step.
The next possible step for Bitcoin is Schnorr's signature which may indeed add more privacy so that everything is focused on bitcoin. Unfortunately I don't really know more details and I haven't found it yet, it's easy to read and understand and still with all the information because I'm still just starting to step up.
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September 27, 2018, 05:38:31 AM
 #66

maybe this is one reason, why bitcoin cannot be received in all countries of the world. bitcoin anonymity is a positive and also negative characteristic. This aims to protect personal data on someone. but in illegal transactions, this is not very good. because the police cannot track it. if the next step is to open anonymity, I think all countries will start making studies on bitcoin.
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September 27, 2018, 06:11:21 AM
 #67

It seems that it is no longer anonymous, bitcoin is gone or discarded can be tracked, so this is not for the future anymore.
Everyone who throws crypto can be tracked so that this doesn't seem to be arbitrary, even though most of them want their investments to be exchanged to have more functions.

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September 27, 2018, 06:25:37 AM
 #68

It seems that it is no longer anonymous, bitcoin is gone or discarded can be tracked, so this is not for the future anymore.
Everyone who throws crypto can be tracked so that this doesn't seem to be arbitrary, even though most of them want their investments to be exchanged to have more functions.

how anonymous bitcoin is has not changed compared to day 1. it is still the same as it has always been. pseduanonymous! in other words bitcoin is not completely anonymous but if anything it is more anonymous now that it was before since now there are more people using it and there are lots of transactions happening compared to before being 1 transaction and small number of users Cheesy

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September 27, 2018, 06:38:27 AM
 #69

For me YES. Because there is no single people owned Bitcoin. Bitcoin is fully decentralized, that is the very special feature of Bitcoin, which I really really admire it. Anonymous transactions, not like using Bank which is really really risky to store our money in the banks.

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September 27, 2018, 06:49:43 AM
 #70

yes, anonymity is the main basis of blockchain technology, and decentralized that creates anonymity, is hard to hack, difficult to calculate, because it has many different hashes, millions of blocks. but the transaction is transparent. can be known and can be previewed.
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September 27, 2018, 07:10:21 AM
 #71

I think in the future it will further increase anonymity and privacy. everything we manage looks at blockchain. and what I manage like shopping and others they don't know who we are. although either the government that has adopted will agree or not.
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September 27, 2018, 07:36:25 AM
 #72

bitcoin must be anonymous, because bitcoin is very profitable and is a very valuable asset, if bitcoin is not anonymous there will be many hackers who succeed in getting bitcoin from someone else, so in my opinion anonymity is needed by bitcoin.

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September 27, 2018, 07:43:12 AM
 #73

Due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily.
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September 27, 2018, 07:48:11 AM
 #74

Anonymity and decentralized nature is one of the features of Bitcoin, but it isn't the only thing why people have adopted it. The technology behind it and the utility are two other factors that have been a major influence on the people.
Now we see even the banks have started to accept blockchain and soon other industries will follow.
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September 27, 2018, 07:49:48 AM
 #75

Anonymity will create a trust deficit in Bitcoin as a viable investment option and a value storing digital currency. ... This is why people have trust in Bitcoin. We all know that Bitcoin is based on the highly secured, sophisticated and advanced Blockchain Technology.
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September 27, 2018, 07:58:49 AM
 #76

It's not completely anonymous but the idea for other privacy coins came from bitcoin.

maybe this is one reason, why bitcoin cannot be received in all countries of the world. bitcoin anonymity is a positive and also negative characteristic. This aims to protect personal data on someone. but in illegal transactions, this is not very good. because the police cannot track it. if the next step is to open anonymity, I think all countries will start making studies on bitcoin.
That's the reason why countries don't want to have intervention with bitcoin because of the possible use of it for the belief of anonymity that it can be done through unusual transactions.

However, they don't realize that fiat money was the most used medium for those type of transactions. Bitcoin is on the mainstream so regardless what we are pointing out its going to the peak of its adoption.



 

 

 

 

 

 


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September 27, 2018, 04:26:36 PM
 #77

of course anonymity is the application of bitcoin which aims to minimize the crime rate that facilitates the existence of bitcoin for negative purposes. with anonymity, of course, every transaction activity using bitcoin will be registered in the blockchain system.
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September 27, 2018, 04:39:13 PM
 #78

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
No need to increase anonymity to make Bitcoin superior in the future because we can use bitcoin mixers that make bitcoin difficult to trace. but this has become a boomerang for Bitcoin, because its anonymity makes Bitcoin considered a threat by some countries because they think Bitcon is very supportive in illegal transactions such as money laundering and terrorist financing. bitcoin requires more stores to accept Bitcoin as a transaction tool so that in the future adoption of Bitcoin will increase.
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September 27, 2018, 04:53:23 PM
 #79

bitcoin are anonymous already and the best part it all we can see the transactions. you might see the address but you will never know who is the owner of the account. what im hoping is make the fees more cheaper and fast transaction. because of the anonymity make bitcoin are being hated by some countries out there.

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September 27, 2018, 04:58:00 PM
 #80

The anonymity is still there. Well, that's what I'd say if I'm asked. It's been there ever since Bitcoin,s inception and it's still around. I do say so because even though the blockchain publicly registers transactions and related activities, it however does not give the identity of the owner of the address and so the anonymity sense still lives. However, to get your money back in Fiat may require you to disclose your identity depending on the medium you'll use, and probably your jurisdiction.

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September 28, 2018, 02:19:41 AM
 #81

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think satoshi did not create bitcoin for anonymity purpose, he created it to make an easy payment system people to peoples.
If you want to use crypto with high anonymity, you can use other private coins which have cryptonight algo.

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September 28, 2018, 05:21:12 AM
 #82

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think satoshi did not create bitcoin for anonymity purpose, he created it to make an easy payment system people to peoples.
If you want to use crypto with high anonymity, you can use other private coins which have cryptonight algo.

But I think Satoshi created blockchain technology not just to make an easy way of payment system for people but we can also hide our identity and stay under the radar without anyone knows who are we. Besides that, with the anonymity, we can manage our fund, and we are trying to be independent financial for our life without using another agency to calculate how much our money and how much our expenses.
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September 28, 2018, 06:39:48 AM
 #83

Anonymity will be the reason for some small group of people to be stayed with Bitcoins and this group is  nothing except who're shitting on Bitcoins. 

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September 30, 2018, 03:41:11 AM
 #84

This is intended to protect someone's personal data. If the next step is to open anonymously, I think all countries will begin to study about bitcoin. People throwing passwords can be tracked so this does not seem arbitrary, although most of them want to be swapped to have more functionality. Because no one owns Bitcoin. Anonymous transactions, unlike using real bank really dangerous when storing our money in the bank.
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October 04, 2018, 11:34:41 PM
 #85

bitcoin are anonymous already and the best part it all we can see the transactions. you might see the address but you will never know who is the owner of the account. what im hoping is make the fees more cheaper and fast transaction. because of the anonymity make bitcoin are being hated by some countries out there.
Yes on the other side this was the reason why many people hate it because they didnt know where the bitcoin came from and delivered. But for me that was good because being anonymous of bitcoin makes the person or us anonymous too. This was the protection for us to easily know our personal data.



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October 05, 2018, 01:00:37 AM
 #86

I dont think anonymity is the future of bitcoin. We are investing our money in bitcoin because we believe bitcoin will be strong currency and give us extra money. If we are looking anonymity coin, many coin in market with that feature.

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October 05, 2018, 01:04:26 AM
 #87

anonymity is the special features of bitcoin and blockchain, so until the end i think bitcoin and blockchain system will have the anonymity features, the main features that wouldn't gone are anonymity, secure, and easy to use. if bitcoin don't have that features, bitcoin is going to die

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October 05, 2018, 01:08:00 AM
 #88

I don't even get the point of anonymity.. Are you that scared to buy porn? What the hell are you watching, horses banging old ladies? It seems like it's a novelty feature that isn't needed by anyone except drug dealers, weapons merchants, and pimps. Other than that, you buying your mug with your face on it using your crypto coins is pretty safe Wink

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October 05, 2018, 01:18:48 AM
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I think it's also good to get rid of the worries of people who have been stolen, who think that transactions recorded on the blockchain are one of the causes but not 100%. that means it doesn't always all start from the walle address of each person whose transaction is recorded on the blockchain. precisely if the government gives the legalization of bitcoin, it can be important to detect the transaction. if the transaction is in large quantities, the government can track it whether it is a money laundering, or some kind of illegal transaction to buy drugs.
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October 05, 2018, 01:09:21 PM
 #90

There are tools to provide anonymity in bitcoin with more on the way, but I do not believe it is a goal of anyone to make anonymity standard for bitcoin.
The crypto universe is big enough for many coins filling many niches. Full anonymity likely will always require tradeoffs that may well impair bitcoin's core feature as a store of value, or possible future goals like being a convenient cash replacement.
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October 05, 2018, 01:38:40 PM
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I think it's also good to get rid of the worries of people who have been stolen, who think that transactions recorded on the blockchain are one of the causes but not 100%. that means it doesn't always all start from the walle address of each person whose transaction is recorded on the blockchain. precisely if the government gives the legalization of bitcoin, it can be important to detect the transaction. if the transaction is in large quantities, the government can track it whether it is a money laundering, or some kind of illegal transaction to buy drugs.
In addition, the more ATM machines appear, the number of large financial institutions that decide to enter Bitcoin is also growing. The main electronic trading company spends a large amount of cash on credit card processing fees. For example, the cost for Amazon banking fees is $ 2.6 billion per year! So working with Bitcoins people can make their business more profitable. There are 5-10 million BTC users worldwide (the exact number is unknown due to anonymity) who are aware of Bicoin's future.
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October 05, 2018, 01:43:42 PM
 #92

My thought is bitcoin will not be changed and what we have now will stay the same till its end. There are altcoins which give anonymity to its users, but I actually do not see any progress in them. Probably anonymity is not so much necessary function by crypto users opinion.
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October 05, 2018, 01:46:37 PM
 #93

Bitcoin provides some anonymity but it’s up to bitcoiners where they want to be on the spectrum from fully anonymous to fully identified. Bitcoin transactions provide some clues which could be combined with other information to de-anonymize a user if they are not careful.
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October 05, 2018, 02:58:17 PM
 #94

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think that anonymity has been applied in this bitcoin transaction, moreover you will easily find the news that bitcoin has even been used as a medium for money laundering and as a means of payment in the Deepweb.

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October 08, 2018, 10:14:32 AM
 #95

Bitcoin blockchain is a public system. It provides privacy that I think is more essential than anonymity. In blockchain you can find only the address of bitcoin user, so you’ll need to use additional resources to identify the personality. This is a sort of anonymity that I think is quite sufficient to satisfy users. The main idea of bitcoin is not the anonymity but decentralized system and transparency. If someone concerns about anonymity there are such altcoins as Monero, Dash and Zash that provide it.
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October 08, 2018, 11:01:06 AM
 #96

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I think that would be a nice thing to be anonymous for your own transactions except for those people who are using it for bad things such as buying drugs and other illegal things.
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October 08, 2018, 11:02:30 AM
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About bitcoin and material killed that it material? Nothing is perfect, except for the "blind" faith of people, supported by their money, due to which bitcoin is growing in price.

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October 08, 2018, 11:04:19 AM
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About bitcoin and material killed that it material? Nothing is perfect, except for the "blind" faith of people, supported by their money, due to which bitcoin is growing in price.
https://contest.zestcoin.io/6462/5087416
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October 08, 2018, 11:05:25 AM
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As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
Your words only confirm my point. How else would you monopolize the currency in their place, if you had such a task in front of you? Why should they buy at all costs if you can buy at a cheap price?

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October 08, 2018, 11:06:06 AM
 #100

anonymity will help hackers, scammers, criminals and terrorists also. If bitcoin helps tax evasion, bitcoin will get banned worldwide.

the owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using bitcoins. So Bitcoin transactions are not anonymous.

will if theres no bitcoin there will always be a hackers anyway so why do we link bitcoin as help for hackers? why dont we look for the goodside of it? and regarding taxes its always taxable through exchanges but not p2p, lastly bitcoin cannot be banned its unstoppable, no one can ban it.

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October 08, 2018, 11:26:59 AM
 #101

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I believe that most thing subjected right now in the internet is more of anonymity which could give both or either bad and good effect. Same goes with bitcoin. This may be part of a personal security or privacy yet saddly some use this one as a privilege tp do bad stuffs.
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October 08, 2018, 11:33:56 AM
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The main reason why many BTC users choose BTC is because BTC can remain anonymous!
The anonymity of cryptocurrencies can protect our privacy from infringement and effectively protect our property!
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October 08, 2018, 11:39:49 AM
 #103

The main reason why many BTC users choose BTC is because BTC can remain anonymous!
The main reason most BTC users have BTC is because they expect high returns, i.e. as investment. The era of early adopters doing things out of ideals is over
The anonymity of cryptocurrencies can protect our privacy from infringement and effectively protect our property!
Bitcoin is not anonymous, it is pseudonymous, and if (=when) you leak your personal information as KYC, your IP or CCTV footage or whatever, all your linked accounts should be considered compromised as well
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October 08, 2018, 11:51:06 AM
 #104

Had anonymity to become the future of the bitcoin, then there would have been an increased number of ICO scams, use of the cryptos for dark things leading to the emergence of popularly known as DARKNET. The blockchain technology is developed in such a way that the origin of the transactions on the net can be traced back. The new and emerging technology is not going to lead to total anonymity, keeping in view the regulations prevailing in certain places that keep a control on how the things work.
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October 08, 2018, 12:12:04 PM
 #105

The blcockchain is a public ledger where we can have access to see but can not alter an data once imputed.  Bitcoin will always retain its anonymous which it must guide jealously because that is what makes it desirous and much sought after. Bitcoin will not be centralized which if done will bring about its death and it will become worthless and nobody will be holding it. The government wants to centralize bitcoin so that they can control it.
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October 09, 2018, 05:05:54 AM
 #106

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I don't think so. Bitcoin is not to be used with anonymity because everyone can track the transactions on bitcoin.
There are some kind of mixer, created by some peoples to make your btc transactions cannot be traced and become more private.

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October 09, 2018, 05:24:44 AM
 #107

In the past bitcoin were using by few people but if we look now the big investors top business man and other of the business people are using bitcoin for many imports and exports and if we look at the bitcoin value now it is predicted that crypto coins are growing and with these transactions you must have to know the crypto currencies.

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October 09, 2018, 05:27:50 AM
 #108

now it seems like it is enough to hide the identity of the transaction, indeed we know the sender's wallet, the recipient's wallet, the transaction time, and the amount of the transaction money, but not everyone knows who the wallet belongs to (?)
if the future of bitcoin is truly anonymous, then what is the use of a distributed ledger or what we usually call blockchain?

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October 09, 2018, 06:44:39 AM
 #109

Bitcoin has a future as digital asset/investments and digital currency which will be regulated just like other assets and investments
You are right with your opinion that crypto currencies are created because of the development of tehology and the times of development so that in the future crypto currencies will be needed by all people for future investments that are progressing and developing.
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October 14, 2018, 02:34:21 PM
 #110

Bitcoin's future cant ever know that will be the posibility what will happen so maybe unpredictable price will happen in the future.
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October 14, 2018, 08:08:13 PM
 #111

the Bitcoin Protocol, in fact, consists of several transactions. These transactions are a set of different kinds of data, including the input and output of the transaction. The entrance is called Bitcoin addresses from which bitcoins are sent. Such coins can be spent only if there is a personal key associated with this address. The output is the addresses to which bitcoins are sent. Each transaction transfers bitcoins from one or more inputs (addresses) to one or more outputs (addresses). A transaction can have only one input and one output. But it happens rarely, as it requires you to send the amount in bitcoins (out) exactly matched the previously obtained sum (input).                                                                                     
                                                                                                                         
There are three main ways to identify a Bitcoin user.

First of all, although Bitcoin transactions are sent through randomly selected peer-to-peer nodes, this system is not immaculate. If, for example, an attacker has the ability to connect several nodes to the Bitcoin network, then the aggregate data collected by Them may be enough to determine the source of the transaction. Second, a Bitcoin address can be matched to a person's real identity if their identity is somehow used along with the Bitcoin address. This includes addresses that are used to Deposit and withdraw funds to or from a regulated exchange where cryptocurrency can be traded, or a wallet, addresses displayed publicly to collect charitable donations, or addresses that are simply used to send bitcoins to anyone (including online stores) with real personal data. But the most important thing is that all transactions in the Bitcoin network are completely transparent and can be tracked by anyone. It is full transparency that makes it possible to group several Bitcoin addresses and bind them to one user. Thus, if it is possible, using any other methods of overcoming anonymity, to bind to the real identity of a person some one address from such a group, then everyone will be tied.
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October 14, 2018, 08:12:24 PM
 #112

Bitcoins is already anonymous and don't need any privacy in the coming future. The transactions on the blockchain is just for verification purpose and it can be said of bleaching any privacy.

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October 14, 2018, 08:28:14 PM
 #113

Hello,

I don’t think anonymity is the good future for BTC, for less volatility but furthermore more trust and then more investment it is a good point that all transactions are traced even if you don’t know the name behind.

Commun people  don’t want to Invest in sulfuris thing. Also many other coins offer anonymity so don’t need to have another one.
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October 14, 2018, 09:19:51 PM
 #114

I think that it is possible future for BTC but there are many other variants. It is difficult to predict the future of such a great coin like BTC but to my mind, it will remain the leader for long

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November 02, 2018, 01:35:45 PM
 #115

every transaction for bitcoin is listed publicly on the blockchain, so I only
can think if anonymity or providing privacy will be the next step for bitcoin.
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November 02, 2018, 01:39:02 PM
 #116

I think anomality is a big and important part of Bitcoin and cryptocurrencies as an entity, but I don't think it's what will take Bitcoin to greater heights.
The uses cases for the blockchain and crypto is what will take care of bitcoins place in the world. Lucky as that we're part of it from the beginning  Wink
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November 08, 2018, 02:13:26 AM
 #117

The main reason why many BTC users choose BTC is because BTC can remain anonymous!
The anonymity of cryptocurrencies can protect our privacy from infringement and effectively protect our property!
Anonymous btcoin is like a double-edged sword, on the one hand it can hide one's wealth so that its privacy is maintained, on the other hand it can be the entrance for criminals to carry out their operations. Therefore many countries reject bitcoin. For the future, Bitcoin must make changes that can be agreed upon by all parties.
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November 08, 2018, 02:17:17 AM
 #118

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
Anonymity and privacy are already featured parts of Bitcoin. The Blockchain digital ledger does not keep record of the personal data of senders and receivers of Bitcoin but rather the time of transaction, amount involved and the number of Blocks before the verification of the transaction.

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November 08, 2018, 04:37:55 AM
 #119

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
For me, I think they want bitcoin to be known by the people all over the world. And even they don't, people will still know and be aware about bitcoin. Maybe in the future, you are right, that they will secure bitcoin.
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November 08, 2018, 05:43:42 AM
 #120

I will say the anonymity of bitcoin is partial. The persons identity may not be know if the coin just remain in wallet be it web wallet or hardware wallet but any time the person trades in some exchange through KYC identity will be known.
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November 09, 2018, 12:51:43 PM
 #121

There is a great article about this very problem (of anonimity) in cryptocurrencies, it is not about bitcoin but about ethereum, but they are related anyway.

They are saying that whenever you check your balance on a block explorer, your crypto-address can be correlated with your IP (=your location) and then that data gets available for Google Anaytics, YouTube, Vimeo and 11 others. And it is just a peak of the iceberg.

Please you can read the whole piece here: https://www.coindesk.com/the-little-known-ways-ethereum-reveals-user-location-data/
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November 09, 2018, 03:49:10 PM
 #122

I believe people had begin to embrass this new era of transaction anonymously thus blockchain technology has proved the efficacy of using bitcoin for transactions however this is subject to the ease at which a transaction is performed especially with the introduction of lightning network LN if successful then the bitcoin future is guaranteed.
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November 09, 2018, 04:27:23 PM
 #123

We can not see the the bitcoin destination yet but we know that bitcoin will go far and the future of crypto is good we have to see that crypto is the coming era currency and then every thing will be virtual all the currencies circulations will be on finger tips and then the speed of activities will be also high so bitcoin is known to every one and with time it influences many good investors and other businesses developers whose now making businesses in crypto and they are happy.

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November 09, 2018, 04:31:39 PM
 #124

Anonymity is one of the advantages and disadvantages of Bitcoin. You can see that anonymity has made Bitcoin and Cryptocurrency one of the most dangerous for the government because of its anonymity. Is this an excellent opportunity or a bad thing?
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November 09, 2018, 04:37:24 PM
 #125

it is not so simple. I am sure that it will not absolutely anonymity in the future. And it is not so bad. In that case governments and banks will stop fighting with Bitcoin and start to use it as officially currency all over the world. Bitcoin has huge army of supporters. I believe that Bitcoin is currency of the future.
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November 09, 2018, 04:38:07 PM
 #126

https://paws.bjammerboy.io/7489/5411371
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November 09, 2018, 05:10:08 PM
 #127

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I don't see the future of Bitcoin in absolute anonymity. Certainly Bitcoin would not be so widely accepted if it were 100% anonymous. We all want Bitcoin to become mainstream at some point, but this will certainly not happen if Bitcoin is completely anonymous and continues to be used for illegal purposes. Yes, we can never completely prevent that with the illegal things, but complete anonymity would speak for the illegal use and thus hinder the way into seriousness. So I wouldn't like it if Bitcoin took this road. Besides, there are already other coins that fill this niche.  Smiley
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November 09, 2018, 05:21:39 PM
 #128

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
Just because it can access by someone meaning will have no future?zdont you think what your pointing here is senseless and baseless?
I cant fint connection on your thread about the future of bitcoin relying on the anonymity,and as far as i know bitcoin is privately,or the people behind is anonymous and thats the most important thing
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November 09, 2018, 05:42:22 PM
 #129

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
Well that's a very old idea and there have been the birth of many privacy based coins based on this idea and providing complete anonymity to the user but still the bitcoin is pseudo anonymous, so unless you don't tag your name with your wallet there isn't any person that can link those bitcoins that you hold on that wallet to your true identity. So only for darknet transactions the anonymity feature is useful and for rest of us its of very little use but it will be a pretty good add on.
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November 09, 2018, 08:29:51 PM
 #130

I don't think anonymity will be the future of bitcoin because of the regulation made by government
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November 09, 2018, 11:14:06 PM
 #131

I think that for complete anonymity there are such coins as Monero, for example, and they are completely anonymous. such technology for bitcoin is absolutely unnecessary

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November 16, 2018, 03:58:29 AM
 #132

I will say the anonymity of bitcoin is partial. The persons identity may not be know if the coin just remain in wallet be it web wallet or hardware wallet but any time the person trades in some exchange through KYC identity will be known.
Bitcoin is controversial because it is anonymous, only in complex code and stored neatly on an internet wallet so nobody knows. But when pulling bitcoin into fiat money we still have to enter an identity, so it's no longer anonymous.
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December 03, 2018, 02:45:10 AM
 #133

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
I have opinions that are slightly different from yours. Bitcoin is becoming popular and many users because of anonymity which means providing extensive privacy to bitcoin users. But when withdrawing from bitcoin into fiat money on bitcoin exchanges, KYC information is definitely requested. Means that bitcoin users are not 100% anonymous.
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December 03, 2018, 03:00:46 AM
 #134

I think that for complete anonymity there are such coins as Monero, for example, and they are completely anonymous. such technology for bitcoin is absolutely unnecessary

Note carefully that everybody who has used bitcoin for criminal activity gets busted.
Why is that ?

Because bitcoin can be tracked, bitcoin is not private, and the power that be, that controls bitcoin, wants to keep it this way,

I agree we need a private coin, and I agree there is MONERO, and zen, ... but there will be others, and there must be crypto's that are really anti-government, and not part of the government itself.

The entire reason that bitcoin is allowed to flourish, is a means to collection INTL tax on everyone

Note how we're always told here to go along with government regulation? At one point in time 'satoshi' was libertarian, but today he's a fascist boot-licker
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December 03, 2018, 03:07:41 AM
 #135

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
actually what is always recorded is not our personal data, so we still have privacy, this also makes us unable to be deceived and makes the authorities to detect money movements improperly, things like this do not make a problem for legal business actors, so the features of bitcoin has never changed and can never be changed, because each server fills each other and protects each other's data.
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December 03, 2018, 03:23:43 AM
 #136

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
actually what is always recorded is not our personal data, so we still have privacy, this also makes us unable to be deceived and makes the authorities to detect money movements improperly, things like this do not make a problem for legal business actors, so the features of bitcoin has never changed and can never be changed, because each server fills each other and protects each other's data.

Its the ingress/egress problem, so long as you never buy or spend btc, your private,

As soon as you open an exchange, or trade, then THEY (GOV) has you,

You could of course pay cash on street for BTC, but the fact is unless your 'dead men tell no tales' kind of mobster, then its a public transaction, which means witnesses, buy/sell, ... but its still public

Again, why is that everybody has been busted? WHY? because companys like PALANTIR (NSA) track all bitcoins, even the mixers can't outwit the NSA

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December 03, 2018, 03:28:49 AM
 #137

Guess not, Bitcoin will stay as it is, or at least other improvements except privacy. If people want anonymity there are other privacy centric coins available.

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December 03, 2018, 04:27:27 AM
 #138

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

That isn't the goal for bitcoin, but other coins like Monero and Zcash have that goal... If you have some free time take a look to monero blockchain and you will see how weird are those zero transactions, you will see some addies sending zero monero to other addies, but that doesn't mean that transaction doesn't move money, that means the transactions is anon.

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December 03, 2018, 04:42:02 AM
 #139

The original point of blockchain is transparency which allows for decentralization. For this reason bitcoin will be the gold standard for store of value. As a coin, there are better anonymous altcoins.

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December 03, 2018, 05:00:59 AM
 #140

As the bitcoin and cryptocurrency is introduced , bitcoin is a decentralized kind of digital currency and investments , so there is anonymity of the owner of this account in bitcoin ,because this investment is circulating in the internet or digital world , so if anynymity is maintain ,it would be good for bitcoin and cryptocurrency , so if it will be regulated by the government maybe it will have no anonymity in your accounts.

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December 03, 2018, 05:01:22 AM
 #141

Anonymity is just one of the many uses of crypto, and anonymity does not apply to all areas. For example, in the payment process, I think that a clear payment trajectory is more conducive to the performance of the contract, and anonymity may lead to some breach of contract. The only best anonymous use I can think of is some services that require confidentiality.

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December 03, 2018, 06:46:16 AM
 #142

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
The anonymity of the bitcoin is one of the characteristics why people are patronizing it. It is true that we can see the transaction but we can't find out who is the sender and the receiver.

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December 03, 2018, 06:50:26 AM
 #143

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
The anonymity of the bitcoin is one of the characteristics why people are patronizing it. It is true that we can see the transaction but we can't find out who is the sender and the receiver.

YOU  [ as not WE, as in U ] can't see, but you can be sure that PALANTIR, and all the NSA/CIA contractors are tracking every bitcoin address from the point of purchase to the point of sale.

Any GOV that has access to the coinbase purchase/sale, and all the exchanges and all the ingress/egress of BTC, can track every single thing that person does forever.

Lastly, any corporation/gov that's willing to spend money, can BUY this information, that's why companys like Palantir are in business.
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December 03, 2018, 07:51:27 AM
 #144


Everything that has any value can and will always be tracked by those with power. Bitcoin is unlikely to be an exception. Unfortunately it doesn't only go for fiat-to-bitcoin transactions.
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December 03, 2018, 08:00:05 AM
 #145

bitcoin is called anonymous transaction because in this case it is a digital currency. and unless someone knows about a bitcoin but most having a member of it all knows about bitcoin is used mostly exchange coin into money for a better future.
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December 04, 2018, 02:37:18 AM
 #146

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I dont think so. Anonymity is one of the feature of cryptocurrency, but not in bitcoin.
You can use mixer to make your bitcoin transaction anonymous though. There are few mixer advertise in this forum.
But i think bitcoin future according to satoshi is to become a future peer to peer currency, not to become an anonymous currency.

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December 04, 2018, 03:20:00 AM
Last edit: December 04, 2018, 10:04:18 AM by red023
 #147

Bitcoin will never ever be private. And I am frankly disgusted by the fact the coins like Monero are not at #1 by now. I mean would you like to share all your Bank funds and transactions with the public. Bitcoin is almost like that. There are companies who specialize in tracking BTC and they pretty much can tell on what Exchange you bought your first BTC with Cash. Unless you made some local "private" transaction with some dude. And you did not admit it.

Yes there are "Mixing services" that glady take your money but its all just crappy patches for a flawed system. This is what especially got me angry and Craig Wright when he said he is against privacy because supposedly is only for kiddie porn people. What a Ahole this guy is. I mean I did not think he was Satoshi before but that sealed the deal for me.

I am actually not educated on what privacy things the BCH people plan or discussed to implement but there was something.

There are plenty of privacy coins out there, most have build in the ZeroCoin standard but AFAIK Monero is doing something different. And me following up in their history and stuff (not a expert at all) I think Monero is the best privacy coin right now. Serious dark markets use it for a reason. And no that is NOT a bad sign. Governments close in on  people even even in western countries now. One day we will probably all be happy do be able use private coins and say a big FU to goverments. And silly me thought that is what BTC was all about. Now its just a centralized mess controlled by a few mining pools. The sad thing is just how almost 1:1 linked all the alts are to BTC, stablecoins aside.

And what fucking coin has a shot at #1 fucking Ripple. A coin made for and by the fucking Banks. People have really learned nothing!
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December 04, 2018, 04:38:46 AM
 #148

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I dont think so. Anonymity is one of the feature of cryptocurrency, but not in bitcoin.
You can use mixer to make your bitcoin transaction anonymous though. There are few mixer advertise in this forum.
But i think bitcoin future according to satoshi is to become a future peer to peer currency, not to become an anonymous currency.
yes, anonymity will only be misused by irresponsible parties, therefore bitcoin does not need it,
bitcoin is created with a noble purpose, so that all is transparent, so anonymity is very contrary to the purpose of  bitcoin.

]
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December 04, 2018, 04:48:24 AM
 #149

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

I dont think so. Anonymity is one of the feature of cryptocurrency, but not in bitcoin.
You can use mixer to make your bitcoin transaction anonymous though. There are few mixer advertise in this forum.
But i think bitcoin future according to satoshi is to become a future peer to peer currency, not to become an anonymous currency.
yes, anonymity will only be misused by irresponsible parties, therefore bitcoin does not need it,
bitcoin is created with a noble purpose, so that all is transparent, so anonymity is very contrary to the purpose of  bitcoin.

and that noble purpose is what? TO screw retarded people out of their money?

BITCOIN early on, promised AUTONOMY, and now CORE says you don't need to be anonymous

Like all things that bitcoin was said to be in 2011, now turn out to be LIES, who would have guessed?
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December 04, 2018, 04:51:22 AM
 #150

The original point of blockchain is transparency which allows for decentralization. For this reason bitcoin will be the gold standard for store of value. As a coin, there are better anonymous altcoins.

Get your facts right. Bitcoin is decentralized because it is not controlled by a single "entity", not because its blockchain is transparent.

Plus it would be best to see spammers spam the right information. Cool

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December 04, 2018, 04:55:38 AM
Last edit: December 04, 2018, 05:22:07 AM by btc-room101
 #151

Bitcoin will never ever be private. And I am frankly disgusted by the fact the coins like Monero are not at #1 by now. I mean would you like to share all your Bank funds and transactions with the public. Bitcoin is almost like that. There are companies who specialize in tracking BTC and they pretty much can tell on what Exchange you bought your first BTC with Cash. Unless you made some local "private" transaction with some dude. And you did not admit it.

Yes there are "Mixing services" that glady take your money but its all just crappy patches for a flawed system. This is what especially got me angry and Craigh write when he said he is against privacy because supposedly is only for kiddie porn people. What a Ahole this guy is. I mean I did not think he was Satoshi before but that sealed the deal for me.

I am actually now educated on what privacy things the BCH people plan or discussed to implement but there was something.

There are plenty of privacy coins out there, most have build in the ZeroCoin standard but AFAIK Monero is doing something different. And me following up in their history and stuff (not a expert at all) I think Monero is the best privacy coin right now. Serious dark markets use it for a reason. And no that is NOT a bad sign. Governments close in on  people even even in western countries now. One day we will probably all be happy do be able use private coins and say a big FU to goverments. And silly me thought that is what BTC was all about. Now its just a centralized mess controlled buy a few mining pools. The sad thing is just how almost 1:1 linked all the alts are to BTC stablecoins aside.

And what fucking coin has a shot at #1 fucking Ripple. A coin made for and by the fucking Banks. People have really learned nothing!

WOW 100% correct dude, but you are aware that MONERO is compromised right? Their encryption scheme was deliberately weakened by the NSA, so if they want, they can.

Even Zencash, (Z-family like you mention), not really 'anonymous' because if you mine, or run a server you must supply them a public address, so the z-addr(anonymous mode) are really only useful self2self, what good is that?

The problem is BITCOIN was compromised long ago by GOV(NSA,...) and that's why they will not give us real anonymity of in&out

The problem is all z-cash also has been compromised, hell even zencash is a US-NAVY-INTEL project, not unlike 4chan,

The problem here is that 100% of everything is compromised, and yet we're still told 24/7 here on this forum "You don't need to be anonymous', 'Only ppl who look at CP need anonymity'

Hell I can think of 10k reasons to be anon, one is a vindictive ex-wife, but the PC crowd that runs CORE would never let that happen, in fact they want to make it easier for vindictive wives to get 100% of a guys assets, ... blah-bah

Or like WIKILeaKS, it should be easy to give them money without your bank ( gov/irs ) knowing, but the fact is the system is wired so they know

Worst of all is the assholes on this site saying "It's ok to give up your anonymity, if you can get rich with BTC", this is like a horror movie "THEY LIVE", where people sell out other humans so they can be 'rich'.
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December 04, 2018, 05:49:12 AM
 #152

Anonymity is for monero and other coins not bitcoin and I don't think there will be any upgrade for bitcoin that will bring anonymity in the future ,I dont think its needed for bitcoin ,many tokens are introducing use of KYC and most are just forcing it on investors ,cryptonight coins are the only ones standing out and some other algorithm as well
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December 04, 2018, 05:57:08 AM
 #153

Anonymity is for monero and other coins not bitcoin and I don't think there will be any upgrade for bitcoin that will bring anonymity in the future ,I dont think its needed for bitcoin ,many tokens are introducing use of KYC and most are just forcing it on investors ,cryptonight coins are the only ones standing out and some other algorithm as well

THere is no plan for anonymous bitcoin addresses because CORE refuses to do it, they refuse because they have been 100% compromised by the corporations & GOV, which is the definition of FASCISM.

Since it would be optional, just like the z-model, in theory you wouldn't have to use it, but they want BTC to be the #1 coin, and they go along with all GOV KYC rules so they can 'shoot to the moon', but the trouble is in the end, once BTC becomes valuable to GOV, then all the brown-nosers that turned BTC into FASCIST-COIN, will be dumped on the streets.
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December 04, 2018, 06:10:02 AM
 #154

Anonymity is for monero and other coins not bitcoin and I don't think there will be any upgrade for bitcoin that will bring anonymity in the future ,I dont think its needed for bitcoin ,many tokens are introducing use of KYC and most are just forcing it on investors ,cryptonight coins are the only ones standing out and some other algorithm as well

THere is no plan for anonymous bitcoin addresses because CORE refuses to do it, they refuse because they have been 100% compromised by the corporations & GOV, which is the definition of FASCISM.

Since it would be optional, just like the z-model, in theory you wouldn't have to use it, but they want BTC to be the #1 coin, and they go along with all GOV KYC rules so they can 'shoot to the moon', but the trouble is in the end, once BTC becomes valuable to GOV, then all the brown-nosers that turned BTC into FASCIST-COIN, will be dumped on the streets.


But what do you propose, and how should the Core developers viably, and safely add features to make Bitcoin anonymous, and private?

If you are not satisfied in how Core is handling development, who would you want to take over?

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December 04, 2018, 06:34:12 AM
 #155

Anonymity is for monero and other coins not bitcoin and I don't think there will be any upgrade for bitcoin that will bring anonymity in the future ,I dont think its needed for bitcoin ,many tokens are introducing use of KYC and most are just forcing it on investors ,cryptonight coins are the only ones standing out and some other algorithm as well

THere is no plan for anonymous bitcoin addresses because CORE refuses to do it, they refuse because they have been 100% compromised by the corporations & GOV, which is the definition of FASCISM.

Since it would be optional, just like the z-model, in theory you wouldn't have to use it, but they want BTC to be the #1 coin, and they go along with all GOV KYC rules so they can 'shoot to the moon', but the trouble is in the end, once BTC becomes valuable to GOV, then all the brown-nosers that turned BTC into FASCIST-COIN, will be dumped on the streets.


But what do you propose, and how should the Core developers viably, and safely add features to make Bitcoin anonymous, and private?

If you are not satisfied in how Core is handling development, who would you want to take over?

You just add new services to provide addresses, but instead of the default sha-256 base-58 addresses, you use sha-512, and call them P-addresses, they'll be twice as long, so people could recognize them right away,

Could be placed in the private-msg-data-area ( the additional info ) of block-chain each transaction and have a new payment type magic-cookie indicating target address is a P-address.

Then people generate P-addresses just like normal from the client, and give P-addresses to the person they want to get funds.

It would be better to use sig-signed encryption methods on the P-addresses so only sender-receiver could decode and verify the P-Address is only available to a particular recipient,

Or have a handshake where two partys both accept to share a P-address, and both have a signed-sig to verify that only they can share

Or go back to the old public-key model, and use that code to support the new P-address, but again using SHA-512

...

or just use the z-snark code from z-cash family and slide that code into bitcoin, but again call it P-address for private as not to confuse people with bitcoin, versus zcash

I suspect that people could easily release another shitcoin called pBitcoin, but do we really need another shit-coin?

If you want BTC to survive, we must move to a real private address using sha-512, and we must move to ECDSA using a 512 bit encryption algo that isn't compromised by NSA, both SHA-256 and secp256k1 are NSA, so the current system is just plain stupid.

Probably the Sha-3 so called kecak model that used in ETH would be good, move but to the 512 bit, not the 256 which is now compromised.

Most of this stuff is just adding new cmd-lines routines to the client shell, 99% of btc users don't need to use this stuff, just people who want to do real anonymous btc transfer of funds
Adding new transfer routines to setup and deploy a P-Addr tx, thus stuff wouldn't even effect exchanges as they wouldn't even need use any of the RPC's


Core wants to keep btc weak, also the code is just a 'hack' now after 10 years of hacking crap, and add crap by various party's people are just plain 'afraid', but most of all they know that GOV will not allow a coin that NSA can't hack.

BTC has two majors problems

1.) It's easy to hack, solution move on to 512 algos that aint NSA
2.) there is no mechanism for privacy, solution create the P-address
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December 04, 2018, 06:35:43 AM
 #156

The original point of blockchain is transparency which allows for decentralization. For this reason bitcoin will be the gold standard for store of value. As a coin, there are better anonymous altcoins.
Yeah for anonymous there may be another coins that are much better in that field, but bitcoin has a higher price and has more complexity than other altcoins, I myself think that the trendmark of bitcoin in the future is not just about anonymity..
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December 04, 2018, 06:40:06 AM
 #157

Sometimes I always think that if bitcoin's price go to100$ per 1bitcoin do you think lot of people will continuing to invest or thousands of people will not invest again in bitcoin so it's very anonynous for me what will be the future of bitcoin.

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December 04, 2018, 07:25:48 AM
 #158

It cant help the bitcoin to increase more price, its safer to use is it, but in the good way. How about if scamer, criminals they can use this anonymity to keep there profile to flee from the catcher they want to jail. This bitcoin stand #1 for all coins we need for bitcoin how to increas and to solve from this crash.
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December 04, 2018, 07:31:18 AM
 #159

The original point of blockchain is transparency which allows for decentralization. For this reason bitcoin will be the gold standard for store of value. As a coin, there are better anonymous altcoins.
Yeah for anonymous there may be another coins that are much better in that field, but bitcoin has a higher price and has more complexity than other altcoins, I myself think that the trendmark of bitcoin in the future is not just about anonymity..

Of course that's called the 'old switcheroo'

First bitcoin told everybody it was private, anonymous, and safe, 2009->2014



But now that's its worth real money, people are willing to give up all things they were promised, ...

It will not be long that you give up the value, as well this is the way of the GOV, once your give up your freedom and privacy, then they can take anything they wish,
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December 04, 2018, 11:08:37 AM
Last edit: December 04, 2018, 11:23:47 AM by red023
 #160

Bitcoin will never ever be private. And I am frankly disgusted by the fact the coins like Monero are not at #1 by now. I mean would you like to share all your Bank funds and transactions with the public. Bitcoin is almost like that. There are companies who specialize in tracking BTC and they pretty much can tell on what Exchange you bought your first BTC with Cash. Unless you made some local "private" transaction with some dude. And you did not admit it.

Yes there are "Mixing services" that glady take your money but its all just crappy patches for a flawed system. This is what especially got me angry and Craig Wright when he said he is against privacy because supposedly is only for kiddie porn people. What a Ahole this guy is. I mean I did not think he was Satoshi before but that sealed the deal for me.

I am actually not educated on what privacy things the BCH people plan or discussed to implement but there was something.

There are plenty of privacy coins out there, most have build in the ZeroCoin standard but AFAIK Monero is doing something different. And me following up in their history and stuff (not a expert at all) I think Monero is the best privacy coin right now. Serious dark markets use it for a reason. And no that is NOT a bad sign. Governments close in on  people even even in western countries now. One day we will probably all be happy do be able use private coins and say a big FU to goverments. And silly me thought that is what BTC was all about. Now its just a centralized mess controlled by a few mining pools. The sad thing is just how almost 1:1 linked all the alts are to BTC, stablecoins aside.

And what fucking coin has a shot at #1 fucking Ripple. A coin made for and by the fucking Banks. People have really learned nothing!

WOW 100% correct dude, but you are aware that MONERO is compromised right? Their encryption scheme was deliberately weakened by the NSA, so if they want, they can.

Even Zencash, (Z-family like you mention), not really 'anonymous' because if you mine, or run a server you must supply them a public address, so the z-addr(anonymous mode) are really only useful self2self, what good is that?

The problem is BITCOIN was compromised long ago by GOV(NSA,...) and that's why they will not give us real anonymity of in&out

The problem is all z-cash also has been compromised, hell even zencash is a US-NAVY-INTEL project, not unlike 4chan,

The problem here is that 100% of everything is compromised, and yet we're still told 24/7 here on this forum "You don't need to be anonymous', 'Only ppl who look at CP need anonymity'

Hell I can think of 10k reasons to be anon, one is a vindictive ex-wife, but the PC crowd that runs CORE would never let that happen, in fact they want to make it easier for vindictive wives to get 100% of a guys assets, ... blah-bah

Or like WIKILeaKS, it should be easy to give them money without your bank ( gov/irs ) knowing, but the fact is the system is wired so they know

Worst of all is the assholes on this site saying "It's ok to give up your anonymity, if you can get rich with BTC", this is like a horror movie "THEY LIVE", where people sell out other humans so they can be 'rich'.

Damn I made so many typos in that post, corrected a few now. So if you make all this claims you should back that up with credible sources and facts. I have a conspiracy mindset as well but I came to my senses some years ago when I realized I need to stop listening to people like Alex Jones who make shit up every single day. You sound a bit like him when you list all this "this that compromised by XXX" every coin another agency lol.

I know that Monero HAD a POTENTIAL security flaw some time ago that has never been proven that someone actually used that exploit as it was still incredibly hard to do. I read articles about it that totally over-blew this. And this was long fixed of course. They are constantly at the cutting edge of privacy as far as I can tell. So again please back up your claims. Just guessing you read some conspiracy blog that just claimed NSA did this and that with Monero without any actually provable facts to back that up but I am really HAPPY to change my mind! Also I think its the case if you were compromised at the time as in transactions read by the "NSA" all you need to do know is move it to a new address. I am just kind if making this up (or not) I do not want to sound like I am a Monero expert. Happy to get educated or whatever was/is up with Monero. Just to lazy to research right now.

As for the other coins I can't really tell much but I think ZeroCoin is a bit like mixing. I seen it on some MN coin wallets there is section that is prefixed with z where you can "create/move" your public coins to so they are then anonymous. What better is if you have stealth addresses and everything build into a coin by default, by design and from scratch and that is what Monero was doing all along. And I know they had chain fork(s)? https://www.ccn.com/monero-forks-bulletproofs-integration-kicks-off-new-era-of-privacy-speed/ (not claiming this site is any good just more or less random) to improve the privacy and they never stagnate like BTC that pretty much refused to do anything groundbreaking. And Monero is also anti ASIC mining and THAT is really something. I almost forgot about this. Everyone who clains BTC is decentralized is a fool! If course you can also build a large CPU or GPU farm somewhere in China or wherever. CPU and GPU mining is not perfect but still it makes coins much more decentralized. That is why I love everything about Monero. In fact I should move all my coins into it right now but I am planning on becoming something like a weektrader and I think I just have to be more in BTC or ETH to trade alts against them. Sadly this is also the reason BTC attracts so many people because its a undeniable fact that its marketcap is simply dominating so everything is traded against it.

Again I wish a privacy coin would be #1. It has been reported that only like 800 people filed their taxes on BTC in the US in 2017 I THINK Naomi Brockwell told something like that where I got that from. You wait and they will come for you. And you guys in the US are the first so good luck! The banks are not going to give up and they already have their shitcoin on #2 so in that sense I still root for BTC to stay #1 because XRP is worse. And here I am active on this forum without a VPN or Tor on ... I guess we all are fools Wink

Funny thing is if so many people to not care about privacy why did you not go ahead and file you taxes for BTC gains? I mean not now when its crashing I mean of those lucky guys who got in in 2016 or earlier like me Wink I just tanked so much money in MN coins that ranged from flat out scams to failing coins and I moved into stablecoins out of fear at the wrong times. But this is still just a experiment for me overall I SHOULD be still cool with it. But I am beating my head against the wall just just selling and getting out of crypto or move everything into a stablecoin when BTC was at $19000. I stress myself out to much over crypto in this crash times. I should focus more on my job instead.
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December 04, 2018, 11:18:09 AM
Last edit: December 04, 2018, 12:25:41 PM by red023
 #161

Yeah for anonymous there may be another coins that are much better in that field, but bitcoin has a higher price and has more complexity than other altcoins, I myself think that the trendmark of bitcoin in the future is not just about anonymity..

but bitcoin has a higher price and has more complexity than other altcoins

More complexity in what sense? It has NOT. BTC is the simplest of all the coin in terms of code. Not sure what else you could possibly mean. All the other coins are build ON TOP of BTC and are in fact all more complex because of they, they build more features into the coin while BTC stagnates and rejects many things. Sure there are some great things implemented like segwit and stuff but its not more complex then the average altcoin.

but bitcoin has a higher price and has more complexity than other altcoins

"Other altcoins" makes no sense to say in a BTC comparison because BTC is not a altcoin btw Wink

I myself think that the trendmark of bitcoin in the future is not just about anonymity..

"not just"?? Are there any signs in BTC that it will move towards anonymity that I do not know about? I know there was something in BCH about that, that I need to investigate more but not in BTC that I know of so I think your thoughts are not worth much.
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December 04, 2018, 11:19:55 AM
 #162

The truth is that Bitcoin is not fully anonymous as in Bitcoin, your pseudonym is the address to which you receive Bitcoin. every transaction involving that address is stored forever in the blockchain. It is only possible to send and receive bitcoins without giving any personally identifying information.
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December 04, 2018, 11:27:21 AM
 #163

the anonymous feature of Bitcoin makes Bitcoin exceptional and a people's fav currency and anonymity is the core.
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December 04, 2018, 11:31:40 AM
 #164

Anonymous, in my opinion, is just a situation where we can be careful of our identity or not, and in bitcoin we can make thousands of wallets at once which will make us difficult to track. But if you only use 1 wallet, the owner of the wallet will be revealed.

It is true. We can say that anonymity is somewhat a form that will help you feel secure in the things you are doing. It does not necessarily mean you are doing illegal things. But then it is the stereotyping, if you are using bitcoin, you gain it because of doin bad thing. Crab mentality should be eradicated.

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December 04, 2018, 11:46:13 AM
 #165

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

Well, the transactions are made public in the blockchain, however, you are still anonymous in such a way. And I don't see any problems with it because you're funds can't get stolen by just looking at the blockchain. I really can't say that you have an access to the blockchain because if I'm not mistaken, you can't stop the transaction anymore.

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December 04, 2018, 12:21:22 PM
 #166

not fully anonymous

Is a understatement. How about "Almost perfectly transparent?" I mean almost all exchanges that let you buy BTC with FIAT require your Name and Address or even your gov ID and then there are this companies who specialize in tracking BTC.  They KNOW what exchanges generate what Addresses for some reason or the other. I once read a article where they showed the flows of thousands or millions of addresses from exchanges like localbitcoins, coinbase, you name it. It totally blew my mind. But in fact is should not, just because I do not know exactly how they do it. I think they have some ways without it to track so some extend but ALSO they may already have "deals" or forced secret deals with the exchanges are not allowed to talk about that mandate exchanges to give the NSA every BTC address to a person without any court at all. Some FISA rubber stamped bullshit. They in the past just went after the big fishes but its changing you watch.

Check this out, just a quick search https://www.elliptic.co/

Or THIS: https://www.thedailybeast.com/irs-now-has-a-tool-to-unmask-bitcoin-tax-cheats look at the date of that article.  OK they said 8002 in 2015 I said 2016 or 2017 b4 excuse me. Probably exploded by now. You guys for sure are all fine with funding your countries wars to kill mostly innocent people somewhere or at least participate in it by supplying the weapons and logistics and overspending on other BS and make that Political and Financial Elite classes even richer. You for sure all want that to happen. Crypto should have the #1 priority to keep governments out. To help good organizations like Wikileaks to get their funds without them even knowing about how much they get and from who. And they do take Monero yey https://shop.wikileaks.org/donate that is what people should use. I feel like a Monero shill right now, would it make it just funny or hypocritical if I would tell you I never owned any of it Wink

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December 04, 2018, 04:42:44 PM
 #167

Bitcoin's crypto market is the strongest part. And the future of crypto currency can not be anonymous. Because crypto currency is very popular in today's time. People are also liked. And people are also calling this currency a new digital currency. Because of which I do not think Bitcoin will have any problems in the future.

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December 04, 2018, 04:51:33 PM
 #168

It isn't the future of Bitcoin but the future of privacy-centric cryptocurrencies. Bitcoin is currently not able to provide a full anonymity to users while some altcoins are doing it extremely well. People seeking privacy while making a transaction will switch to altcoins like Monero, Verge, Z.
Will we see an increase of people using such altcoins? Yes once they will realize the pain when we will have to deal with local regulations.

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December 05, 2018, 09:18:32 AM
 #169

Anonymity is for monero and other coins not bitcoin and I don't think there will be any upgrade for bitcoin that will bring anonymity in the future ,I dont think its needed for bitcoin ,many tokens are introducing use of KYC and most are just forcing it on investors ,cryptonight coins are the only ones standing out and some other algorithm as well

THere is no plan for anonymous bitcoin addresses because CORE refuses to do it, they refuse because they have been 100% compromised by the corporations & GOV, which is the definition of FASCISM.

Since it would be optional, just like the z-model, in theory you wouldn't have to use it, but they want BTC to be the #1 coin, and they go along with all GOV KYC rules so they can 'shoot to the moon', but the trouble is in the end, once BTC becomes valuable to GOV, then all the brown-nosers that turned BTC into FASCIST-COIN, will be dumped on the streets.


But what do you propose, and how should the Core developers viably, and safely add features to make Bitcoin anonymous, and private?

If you are not satisfied in how Core is handling development, who would you want to take over?

You just add new services to provide addresses, but instead of the default sha-256 base-58 addresses, you use sha-512, and call them P-addresses, they'll be twice as long, so people could recognize them right away,

Could be placed in the private-msg-data-area ( the additional info ) of block-chain each transaction and have a new payment type magic-cookie indicating target address is a P-address.

Then people generate P-addresses just like normal from the client, and give P-addresses to the person they want to get funds.

It would be better to use sig-signed encryption methods on the P-addresses so only sender-receiver could decode and verify the P-Address is only available to a particular recipient,

Or have a handshake where two partys both accept to share a P-address, and both have a signed-sig to verify that only they can share

Or go back to the old public-key model, and use that code to support the new P-address, but again using SHA-512

...

or just use the z-snark code from z-cash family and slide that code into bitcoin, but again call it P-address for private as not to confuse people with bitcoin, versus zcash

I suspect that people could easily release another shitcoin called pBitcoin, but do we really need another shit-coin?

If you want BTC to survive, we must move to a real private address using sha-512, and we must move to ECDSA using a 512 bit encryption algo that isn't compromised by NSA, both SHA-256 and secp256k1 are NSA, so the current system is just plain stupid.

Probably the Sha-3 so called kecak model that used in ETH would be good, move but to the 512 bit, not the 256 which is now compromised.

Most of this stuff is just adding new cmd-lines routines to the client shell, 99% of btc users don't need to use this stuff, just people who want to do real anonymous btc transfer of funds
Adding new transfer routines to setup and deploy a P-Addr tx, thus stuff wouldn't even effect exchanges as they wouldn't even need use any of the RPC's



Can a cryptocurrency developer confirm what that is, and if it is really ok for the network? Or will I have to do my own research again, and have it memefied?

Quote

Core wants to keep btc weak, also the code is just a 'hack' now after 10 years of hacking crap, and add crap by various party's people are just plain 'afraid', but most of all they know that GOV will not allow a coin that NSA can't hack.


You want the Core developers out. The community understands. Who do you propose should take over?

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December 05, 2018, 11:01:41 AM
 #170

Before yesterday, most likely it was, anonymity was the most important function for bitcoin, but now governments took seriously all cryptocurrency and bitcoin, and now they intend to regulate cryptocurrency, so in a year we will not see any anonymity in bitcoin and not in other cryptocurrencies, so it remains to wait not too much when everything will change in the cryptocurrency sphere.
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December 12, 2018, 09:56:38 AM
 #171

Before yesterday, most likely it was, anonymity was the most important function for bitcoin, but now governments took seriously all cryptocurrency and bitcoin, and now they intend to regulate cryptocurrency, so in a year we will not see any anonymity in bitcoin and not in other cryptocurrencies, so it remains to wait not too much when everything will change in the cryptocurrency sphere.

Surely can agree with that. Some coins might still offer some anonymity though. Hopefully.
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