Knowing Bitcoin

[Philips@3112]

The CNN Money.
http://Https://thenextweb.com
bitcoinmagazine.com
Though each Bitcoin transaction is recorded in a public domain, names of buyers and sellers are never revealed-only their wallet IDs. While that keeps users transactions private, it also lets them or sell anything without easily been traced back to them. That's why it has become the currency of choice for people online buying and selling.
- unlike other bank accounts and most other payment systems, Bitcoin addresses are not tied to the identity users. On a protocol level. Anyone can create new and completely random Bitcoin addresses and associated private key, as such and as long as a miner includes the transactions in a block. Anyone can effectively transfer Bitcoin from any address to it controls the (private) keys, to any other address, with no need to reveal any personal information at all. like the physical cash, not even the receiver or the sender.
- Bitcoin transaction data is transmitted and forwarded by nodes to a random sets of nodes. On the peer to peer network, while Bitcoin nodes do connect to each other using IP addresses, it's not necessarily clear for nodes whether the transaction data they received was created by the node they connect to or if that node merely forwarded that Data

[Smartvirus]

I think the only thing that complicates things for this thread is the topic heading. You might want to change that for it to get more attention and contribution. Its a good piece of educating your trying to do here, as much as the topic might be click bate enough, the content doesn't point to a problem or solution or perhaps some unique idea to unfold. So, you might want to check that out.

Again, as much as address are random, they are tied to a particular wallet and private key or seed phrase and as the owner or controller of that seed phrase or private key, it is as though the address is tied to you. Though, you remain completely anonymous.

[boyptc]

Though each Bitcoin transaction is recorded in a public domain, names of buyers and sellers are never revealed-only their wallet IDs.

It's not wallet id but a bitcoin address. But that's easier to understand so that people who still don't understand bitcoin can easily understand what does the content is all about.

Anyone can effectively transfer Bitcoin from any address to it controls the (private) keys, to any other address, with no need to reveal any personal information at all. like the physical cash, not even the receiver or the sender.

Yes and as connected to the first quote, it will generate the transaction ID = TXID.

[JeromeTash]

Though each Bitcoin transaction is recorded in a public domain,

I think a more meaningful word you are looking for here is a public Ledger, also what is referred to us the blockchain. Public domain sound a little too vague.

While that keeps users transactions private, it also lets them or sell anything without easily been traced back to them.

The transactions are not private, though. It's a public ledger, remember? Any can see the transactions in and out of the address through blockchain explorers. What the people may not know is who sent or received the transaction.

[Oshosondy]

Though each Bitcoin transaction is recorded in a public domain, names of buyers and sellers are never revealed-only their wallet IDs.

The blockchain is a popularly known as ledger which is available for the public to see. A noncustodial wallet will not even need for any name to be filled any where, no kyc.

While that keeps users transactions private, it also lets them or sell anything without easily been traced back to them.

You can have privacy and the transaction can not be linked to your real identity if you are mindful of privacy, only will be available on the ledger which is blockchain but not linked to you, tht is why bitcoin is said to be pseudonymous.

[Darker45]

But this does not mean that Bitcoin transactions are impossible to link to the personalities involved. To a layman, it may be very difficult, but not necessarily to intelligence authorities who are investigating illegal transactions using Bitcoin. So it still cannot be made a safe haven for criminal transactions. When Silk Road was busted, for example, arrests were made all over the world. And despite the underground marketplace operating in the dark web through Tor, links were still found.

[cabron]

But this does not mean that Bitcoin transactions are impossible to link to the personalities involved. To a layman, it may be very difficult, but not necessarily to intelligence authorities who are investigating illegal transactions using Bitcoin. So it still cannot be made a safe haven for criminal transactions. When Silk Road was busted, for example, arrests were made all over the world. And despite the underground marketplace operating in the dark web through Tor, links were still found.

After the FBI claimed that the BTC paid to pipeline hackers, it's sure not safe for criminals to use BTC. 

Once the BTC owner will link himself to a 3rd party to cash out or even just the p2p, this BTC address will be identified by authorities. This will get the criminal in trouble and when the BTC is linked to illegal activities and flagged, its fungibility is also going to be questioned. There are lots of ways to really track someone that even googling the BTC will result to finding who the owner is.

[pakhitheboss]

As more and more exchanges make KYC mandatory the traceability of transaction to an individual becomes easier for the government, if you convert your Bitcoin to USD. If you only use Bitcoin to make purchases on the internet then it is not possible to find the identity of that individual.

[Shani Choudhry]

Yes, as we know bitcoin is becoming popular and famous due to its widely use on large scale. We can make huge profit by using bitcoin in different ways. Such as by storing it in crypto wallet invest box such as yobit exchanged wallet.

[Chikito]

by storing it in crypto wallet invest box such as yobit exchanged wallet.

Starting from here, you've made the wrong step then create 5 new threads (about; merit, rank, post, how to) asking the question which you can search in this forum easily. If you read about this shit you can find how they can scam you by investing in a box scheme.