Privacy in Bitcoin

[SUMBI99]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

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[DeathAngel]

You can always use a mixer to increase privacy. Use your bitcoin addresses only once too.

[pidorochek]

I heard about footstamps in bitcoin, that can bring directly to user. Does anyone know somwthing about this?

[pooya87]

Blockchain aimed  to go anonymous so people would have freedom financially

no, anonymity was never the goal. the main goal was to create a "decentralized" system that nobody can control so that they can not put their hands in your pocket and/or dictate how you use your own money. and that is how it gives you financial freedom.

[bitcoin_paypal]

Try to use monero if you want real privacy. And there are others privacy projects with better than btc privacy too

[davis196]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

OP,you want us to fight AGAINST financial freedom,or you want us to fight FOR financial freedom?
I'm confused.Your thread doesn't add something new to the conversation.It's just random preaching.

You can always use a mixer to increase privacy. Use your bitcoin addresses only once too.

I agree with the second part(using multiple addresses),but I can't agree with using mixers.
I think that CIA is currently spying BTC mixers and some BTC mixers are scamming their users.

Try to use monero if you want real privacy. And there are others privacy projects with better than btc privacy too

I wonder why monero  isn't bigger than Bitcoin,in terms of price,global market cap and the amount of active users.If everyone in the crypto world wants complete privacy,why aren't people using monero instead of Bitcoin?

[mahilchii]

BTC is the most transparent payment network in the world, similarly it can provide acceptable levels of privacy when used correctly. Remember that it is our responsibility in order to protect privacy, BTC address should be used only once and the user need to be very careful and they should not disclose their address to anyone..

[pakhitheboss]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

I guess Bitcoin is the symbol of decentralization rather than privacy. It represents community rather a centralized control. It was never meant to oromote privacy.

This is why we have coins that are only for privacy purpose. If you are looking for privacy then you should invest in monero and other privacy centric coin.

[Assface16678]

BTC is the most transparent payment network in the world, similarly it can provide acceptable levels of privacy when used correctly. Remember that it is our responsibility in order to protect privacy, BTC address should be used only once and the user need to be very careful and they should not disclose their address to anyone..

We all know that the bitcoin transaction is one of the fastest and secured transaction for all time and that is the reason why many people prefer this kind of payment because sometimes it does not need to have KYC or more verification about your identity sometimes they need because they make sure all of the transactions are legal and they can monitor which is the user send and received the payment also we are looking forward this is the future transaction method. Also, we can secure our money and coins to have a safe and secured device too because even the transaction is hard to access by the hackers by the device are not safe it is useless because they can easily access to your accounts and information.

[KrisAlex18]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

Well said mate, there is private thing about the bitcoin transactions because it is really essential thing and those essential things are meant to be secured so they put it in private transactions. It will also gives privacy to the person who has so big amount of money in his or her e-wallet because as we all know those rich people are hackers and scammers want. So if the transactions in bitcoin is not private then the hackers will know who the person behind the big transaction of money which is really dangerous for them. So basically it is a good idea that this thing made to be private.

Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

Actually, freedom is really important in one country, freedom will make people not to fight against government, because those people who do not experience freedom are tend to think to fight against government.

[mk4]

Blockchain aimed  to go anonymous so people would have freedom financially

What Pooya said. Since when was anonymity the main goal? Blockchains are obviously public by default as you can see with like 99% of blockchains(besides privacy focused ones like Monero).

Also, it's not the end for Bitcoin's privacy. For now, we're stuck with Mixers like ChipMixer and CoinJoin services like Wasabi and Samourai.

[AniviaBtc]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

Well said mate, there is private thing about the bitcoin transactions because it is really essential thing and those essential things are meant to be secured so they put it in private transactions. It will also gives privacy to the person who has so big amount of money in his or her e-wallet because as we all know those rich people are hackers and scammers want. So if the transactions in bitcoin is not private then the hackers will know who the person behind the big transaction of money which is really dangerous for them. So basically it is a good idea that this thing made to be private.

Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

Actually, freedom is really important in one country, freedom will make people not to fight against government, because those people who do not experience freedom are tend to think to fight against government.

Privacy is a human right and we should respect each and everyone's privacy. There is a law regarding it and it is what we called "Privacy Law" and it deals with the personal information of an individual, including financial and professional information, address, contact and etc. Every transaction using cryptocurrency must be private because scammers and hackers can use your identity if they enter and know your account's privacy. That's why we need to improve or enhance our security when we are managing our personal accounts. Freedom will make us comfortable and let us live our lives with the use of cryptocurrency. Freedom will give us power to make our own future and destination so that we will have no regrets during our cryptocurrency experience. The importance of privacy is that you will have your own identity and at the same time you can manipulate yourself.

[pooya87]

Try to use monero if you want real privacy. And there are others privacy projects with better than btc privacy too

wrong. if you want "real anonymity" then use cash instead of a digital currency.

I wonder why monero  isn't bigger than Bitcoin,in terms of price,global market cap and the amount of active users.If everyone in the crypto world wants complete privacy,why aren't people using monero instead of Bitcoin?

what @ETFbitcoin said about people not caring that much about full anonymity but also it may be because of the horrible scaling issues that Monero has which are a lot worse than anything bitcoin has ever faced.

[Baofeng]

Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed  to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

As far as financial freedom goes, crypto's such as bitcoin has given us an alternative, so that we won't be tied to banks or other financial institutions out there which we have been using for centuries now and we all know that those systems are broken.

And now comes cryptos, just imagine using bitcoin to transact around the globe, borderless, and I think that is financial freedom for us.

[Ucy]

Blockchain aimed  to go anonymous so people would have freedom financially

no, anonymity was never the goal. the main goal was to create a "decentralized" system that nobody can control so that they can not put their hands in your pocket and/or dictate how you use your own money. and that is how it gives you financial freedom.

I don't think a system like Bitcoin can be safe for users without good anonymity and privacy.

It's definitely built for anonymity if satoshi and early developers/contributors discussed or wanted anonymity ( I really doubt they didn't want anonymity).
Anonymity is a natural and common sense right. If you remove it from physical or virtual world, most innocent people could be totally enslaved/destroyed and both worlds will be dangerous place to be.
 You could combine users unique identities with anonymity in a very cryptic way, so that when an anonymous user commits a dangerous crime he/she can be identified.
 No one has the right to de-anonimize law abiding people without their consent.

     

Blockchain aimed  to go anonymous so people would have freedom financially

no, anonymity was never the goal. the main goal was to create a "decentralized" system that nobody can control so that they can not put their hands in your pocket and/or dictate how you use your own money. and that is how it gives you financial freedom.

I don't think a system like Bitcoin can be safe for users without good anonymity and privacy.

It's definitely built for anonymity if satoshi and early developers/contributors discussed or wanted anonymity ( I really doubt they didn't want anonymity).
Anonymity is a natural and common sense right. If you remove it from physical or virtual world, most innocent people could be totally enslaved/destroyed and both worlds will be dangerous place to be.
 You could combine users unique identities with anonymity in a very cryptic way, so that when an anonymous user commits a dangerous crime he/she can be identified.
 No one has the right to de-anonimize law abiding people without their consent.

Anonymity by Wikipedia:

Anonymity [a] describes situations where the acting person's name is unknown. Some writers have argued that namelessness, though technically correct, does not capture what is more centrally at stake in contexts of anonymity. The important idea here is that a person be non-identifiable, unreachable, or untrackable. [1] Anonymity is seen as a technique, or a way of realizing, a certain other values, such as privacy , or liberty.

The above is a basic human right as long as the anonymous person remains law abiding. The world is doomed if a technology/technologies to track every single person on the planet is available to evil person/people or intelligent things.


     

[dothebeats]

I heard about footstamps in bitcoin, that can bring directly to user. Does anyone know somwthing about this?

What is this 'footstamps' you speak of? The only known method of trying to reach the actual user of bitcoin is through taint analysis and cross-referencing information between exchanges (which isn't actually permitted unless the exchange in question is pressured by the authorities.)

Blockchain aimed  to go anonymous so people would have freedom financially

The blockchain never really aimed for freedom. What it aims is a decentralized system wherein trust is never a factor since the transactions are all piled up in a chain that can be viewed by anyone at any point in time without knowing which belongs to whom. With decentralization, transparency and anonymity joined in one, it is very difficult to gain control over the network since you will need tons of resources in order to get the job going. Sustaining the attack would be a different question, of course.

Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.

Some governments do suppress their citizens' freedom of speech, and it's an important aspect of life since it gives you your opinion, feelings and sentiment towards a certain something which could spell either the society's end or progress. Just look at politically-oppressed countries being freed from dictatorship due to freedom of speech/expression. It is a vital part of society, and has been pivotal in freeing some of the world's locked-down countries due to tyranny and fascism.

[wxxyrqa]

no, anonymity was never the goal. the main goal was to create a "decentralized" system that nobody can control so that they can not put their hands in your pocket and/or dictate how you use your own money. and that is how it gives you financial freedom.

I don't think a system like Bitcoin can be safe for users without good anonymity and privacy.
It's definitely built for anonymity if satoshi and early developers/contributors discussed or wanted anonymity ( I really doubt they didn't want anonymity).
Anonymity is a natural and common sense right. If you remove it from physical or virtual world, most innocent people could be totally enslaved/destroyed and both worlds will be dangerous place to be.
 You could combine users unique identities with anonymity in a very cryptic way, so that when an anonymous user commits a dangerous crime he/she can be identified.
 No one has the right to de-anonimize law abiding people without their consent.

The above is a basic human right as long as the anonymous person remains law abiding. The world is doomed if a technology/technologies to track every single person on the planet is available to evil person/people or intelligent things.     

Whatever technology exists in this world, if it is contrary to the law of any party, law enforcement agencies will immediately be interested in this product.  Based on this, I believe that it makes no sense to care about anonymity and hide the presence of your cryptocurrency funds, since while you are not engaged in illegal actions with the help of cryptocurrency, nothing threatens the person.  even if a person tries to evade taxes, one way or another it threatens with criminal liability.  But you correctly said that today the situation with the use of cryptocurrency is very difficult, since cryptocurrency is often used to finance crime.  Based on this, I believe that cryptocurrency should not only be supported at the legislative level, but also controlled, in order to avoid any problems.  But the main task of Bitcoin, in my opinion, is the exclusion of the possibility of inflation, as it happens with fiat funds.  In my opinion, Bitcoin will not allow depreciation of each person’s savings.

[joniboini]

But you correctly said that today the situation with the use of cryptocurrency is very difficult, since cryptocurrency is often used to finance crime.

How much of crypto transactions are used to finance crimes? Where did you get the numbers?

Based on this, I believe that cryptocurrency should not only be supported at the legislative level, but also controlled, in order to avoid any problems.

The control level is probably around exchanges, the marketplace, and KYC. However, limiting the number of addresses a person owns, how much they store cryptos, where do they send the money, etc is going to be difficult. This is already happening btw, but not all countries do this. But to fully control the network, that would be impossible unless you want to control all the nodes & mining power.

Whatever technology exists in this world, if it is contrary to the law of any party, law enforcement agencies will immediately be interested in this product.  Based on this, I believe that it makes no sense to care about anonymity and hide the presence of your cryptocurrency funds, since while you are not engaged in illegal actions with the help of cryptocurrency, nothing threatens the person.

Your government (or anyone who has the data) can hunt you down if they wish to. They can $5 wrench you multiple times to get your crypto and use it on their own. Also, just because there is no direct threat, doesn't mean you should not care about your own privacy. Imagine someone spamming your e-mail because they know you have 500 bitcoin.

[fiulpro]

There was a time where  Bitcoins transactions were thought to be super private but unfortunately one should understand that with the upcoming years with the advancing technologies people have identified it to be pseudo transparent .
One can actually trace the address and if a person uses the same address a lot of times it is really not hard at all to connect it to an identity because of the KYC that now every wallet needs .
Yes some wallets are exceptions like the hardwares , paper wallets and other wallets which does not require KYC but that does not stand for most of the people out there.

[o_e_l_e_o]

There was a time where  Bitcoins transactions were thought to be super private

No there wasn't. Bitcoin has never been anonymous.

One can actually trace the address and if a person uses the same address a lot of times it is really not hard at all to connect it to an identity because of the KYC that now every wallet needs .

Every wallet? What are you talking about? If your wallet requires you to complete KYC, then you are either using the worst-of-the-worst (and probably a scam), or you are not using a wallet at all. The only thing that requires KYC is an account on a centralized exchange, which is categorically not a wallet, and if you are storing your coins there long-term then you at high risk of losing them all. Any good hardware wallet, software wallet, paper wallet, mobile app, etc., does not require KYC or even an email address to use.

Further, any good hardware or software wallet will automatically generate a new address for each receiving transaction and a new address for each change output to prevent address reuse. If your wallet doesn't do this, again, you should change wallet.