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Author Topic: Is anonymity the future for bitcoin???  (Read 1076 times)
Pan Troglodytes
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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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Olalomi
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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

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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
stayeduptolate
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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.
btc-room101
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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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