Bitcoin Forum
May 22, 2024, 08:47:50 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Bitcoin does not provide full anonymity  (Read 471 times)
Doan9269
Hero Member
*****
Offline Offline

Activity: 882
Merit: 583


View Profile
September 01, 2023, 05:56:53 PM
 #61

In the beginning days of Bitcoin, those in authorities were then so afraid that this new form of currency can be utilized by all the illegal activities around most especially drugs and similar transactions since the parties involved in the transactions are not named unlike when you do a banking transfer where records can easily be retrieved by the portal owner.

That is why bitcoin is a decentralized network, in such you could decide to have your privacy guaranteed, bitcoin is meant for us to achieve our wish or desires with financial system and management, blockchain being an open distributed ledger is never a lapse for anonymity to be achieved, there's already a provision for that if you can run a full node or maybe engage using a mixer to do that for you.

In case, one is looking for a 100% anonymity, then one has to use privacy coin and not Bitcoin.

Which one is a privacy coin again if not bitcoin, if you choose to allow all you do with your bitcoin transactions open then you are making such decision by yourself, the network has a way you can go on full privacy, talk about the privacy, security and lots more are all achievable only if you know how to get them.
isaac_clarke22
Sr. Member
****
Offline Offline

Activity: 1596
Merit: 264


View Profile
September 01, 2023, 06:44:44 PM
 #62

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.
I mean it was never meant to be "anonymous" in the first place. People around the internet would still trace the trails of the transactions through address to address. See how many alts in here still gets busted at the end of the day? Yeah it might not be that usual knowing who's behind the address, but that's why it is just how you defined it -- pseudonymous.

I don't think there's just such thing as "perfect privacy" or "absolute anonymity" whenever you're in the internet.

None of the digital projects provide full anonymity, just take a look at the ads in the apps. All of them are based on the things someone looks for via search engines. Also, mic and camera help ad service. Usage of these tools in ad-creating services implies that it can be used not only for ads, but also for deanonymisation. So the anonymity of BTC accounts is easily surpassed with non-anonymity of Android and Ios systems, which know many things about any person saying or typing the word "bitcoin".
....and all of them are made by someone and that someone has the control inside the code to do whatever s/he wants. Speaking of mic and camera, yeah they're quite concerning knowing that our smartphones are listening to what we say. Last time I say donuts in front of my phone, ads about donuts just popped up in Facebook news feed.
taufik123
Legendary
*
artcontest
Offline Offline

Activity: 2534
Merit: 1730



View Profile
September 01, 2023, 11:20:14 PM
 #63

-snip-
I don't think there's just such thing as "perfect privacy" or "absolute anonymity" whenever you're in the internet.
The digital footprint will always exist and it becomes the source used to track everyone connected to the internet.
Transactions made by someone in cryptocurrency are recorded on the blockchain in a transparent manner and can be accessed by anyone.

Even if they use a mixer platform there is always a way to track the transactions that end up on their own real account.
Absolute privacy is not really a given, governments have all access including to the networks we use every day.

There are many tools that can now be used to track user addresses, such as Arkham Intelligence which can be used to trace where assets end up and complete with the necessary image charts.

https://platform.arkhamintelligence.com/
ChiBitCTy
Legendary
*
Offline Offline

Activity: 2268
Merit: 3011



View Profile
September 01, 2023, 11:56:17 PM
 #64

I’ve argued for years that this is a actually a very good thing for bitcoin. Would I prefer that bitcoin become entirely anonymous, hell fckn yes I would, but the world governments would put a ban on bitcoin more than they already have, and I don’t want to give them more reasons to try and shut down a good thing. It’s frustrating but not being anonymous is what’s truly best for bitcoin in my humble opinion.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Tuturtinular
Full Member
***
Offline Offline

Activity: 994
Merit: 152


View Profile
September 02, 2023, 06:20:13 AM
 #65

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

I think bitcoin is completely anonymous. What makes bitcoin not anonymous is that there is a source that can connect the owner with bitcoin, namely an exchange. On exchanges, all platforms require kyc, this is what makes bitcoin not completely anonymous. Exchanges are a source of problems that bridge between bitcoin and bitcoin owners. If I were a person who used bitcoin for transactions without using an exchange, then bitcoin's anonymity would be maintained

If all exchanges didn't require kyc then bitcoin would be anonymous forever.
retreat
Sr. Member
****
Offline Offline

Activity: 1022
Merit: 378



View Profile WWW
September 02, 2023, 07:31:04 AM
 #66

Everyone on this forum already knows that Bitcoin is not a privacy coin, it will not be able to hide your transactions, unlike what other privacy coins do. But even so, Bitcoin is the best coin that people can use today and its adoption is much wider than other coins, so even though it is not anonymous, that does not mean that Bitcoin is not chosen by people for their transactions, because Bitcoin's credibility is much better and more reliable  compared to other coins and even banking.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
bitcoinsz23
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
September 03, 2023, 05:03:37 AM
 #67

There isn't full Bitcoin anonymity. Crypto is only pseudonymous and needs to be handled carefully. Otherwise, there are many ways one can track your identity while transacting in Bitcoins.

https://pesasi.com/bitcoin-anonymity/
YUriy1991
Full Member
***
Offline Offline

Activity: 924
Merit: 224


#SWGT PRE-SALE IS LIVE


View Profile
September 03, 2023, 05:41:46 AM
Last edit: September 03, 2023, 03:13:43 PM by YUriy1991
 #68

Do you mean weaknesses in private ownership and data transfer? Well, looking at the performance, all Bitcoin transactions are verified and recorded on the public blockchain, which means anyone in the world can see the user's balance and transaction data, but remember, whatever is used by others to manipulate it is not that easy OP, but all this data transparency is all there is to it and the best thing you can do to protect yourself is to always be careful about doing business with people or organizations you know and trust.

SWG.ioPre-Sale is LIVE at $0.15
║〘 Available On BINANCE 〙•〘 FIRST LISTING CONFIRMED 〙•〘 ✅ Certik Audited 〙║
╙ ›››››››››››››››››››››››››››››› BUY NOW ‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹ ╜
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!