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Author Topic: Is anonymity the future for bitcoin???  (Read 1076 times)
red023
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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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munareal
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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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