Samourai wallet user de-anonymization

[BitMaxz]

If you deposit your campaign earnings on a KYC exchange like Binance, now it is possible to find out your real name, where you live, and if you are worth a lot of money. If you like to spend your BTC on gay porn and sex toys, the whole world knows you are a degenerate pervert. I won’t make any moral judgments if that’s what you’re into, but the point is that having access to this information has real-life consequences.

I don't know if you're right but exchanges never expose your identity to others unless you change your account to public Binance as a sample they don't put your identity in public unless legal authorities are requesting your data.
So if you spend your BTC on porn or sex toys only Binance knows this and the authorities who requested your data.


All transactions are traceable so I don't think having a full node will completely make your BTC private even if you set it in Tor if you bought BTC from exchanges and just moved it to your private full node then exchanges know that you own that wallet.
You can only be sure about you're privacy if the BTC didn't come from KYCed exchanges that is why P2P and non-KYC exchanges comes in to make our data private.

[Pmalek]

I don't know if you're right but exchanges never expose your identity to others unless you change your account to public Binance as a sample they don't put your identity in public unless legal authorities are requesting your data.
So if you spend your BTC on porn or sex toys only Binance knows this and the authorities who requested your data.

They are not going to reveal the information to regular Joe's, but everything is stored on their servers and kept on file. Binance also has a separate platform where law enforcement and government bodies can get in touch with their staff and request any data they need. Blockchain analysis firms surely have access to anything they need as well, and since their business is collecting and monetizing this data, they will share or sell it to interested parties. 

[Faisal2202]

Wanting privacy should not imply that you are doing something bad. On the contrary, wanting to expose so much personal information to the world is what’s unreasonable. Using privacy-focused tools is completely rational and should not be stigmatized.

Well your example is good because if I identify myself as gay (which I'm not) then this example would be worthless for me and your whole point would be gone but don't worry I am not gay or into such buying, but speaking of Binance or any other cex, how can someone know my name on a cex, ok governments might do and the people inside cexs might do other than that can sellers of products and services can see my personal information on some cexs?

I got one point here is giving too much of your information makes you vulnerable to too much scary things that can happen to you, your example gave me another real life example where AI changes the face of some fanonly girl with some innocent girl's face cause big problem. The thing is in my country girls avoid to show there face online, most of the girls do that.

Point is even if someone is seeing my name on CEXs then how one can know what I am buying, like I might be buying offline. Advertising companies are the ones who uses pur data to show us relevant ads besides I would like to hear more from you. Thanks for the infor btw. Not a gay haha

[FinneysTrueVision]

Point is even if someone is seeing my name on CEXs then how one can know what I am buying, like I might be buying offline. Advertising companies are the ones who uses pur data to show us relevant ads besides I would like to hear more from you. Thanks for the infor btw. Not a gay haha

Blockchain analysis companies entire business depends on being able to deanonymize people’s activity. They can achieve this to an extent by using publicly available information, privately acquiring data, or by using Bitcoin-accepting services and then tracking the flow of funds to match identities to addresses. For example, if you make a deposit on a casino, when those funds get consolidated into a hot wallet they can figure out which specific casino you like to play at.

I’m not saying that by everything being on a transparent blockchain they automatically know every single specific detail about who you are and what items you are buying. It all depends on how motivated somebody is to deanonymize you, every on-chain interaction is a possible clue that could lead to that.

Your offline purchases are usually outside the scope of blockchain analysis, so you don’t have much to worry about there, but then again your credit company has that data, which is why privacy conscious people might prefer using cash due to its fungibility.

[Faisal2202]

Your offline purchases are usually outside the scope of blockchain analysis, so you don’t have much to worry about there, but then again your credit company has that data, which is why privacy conscious people might prefer using cash due to its fungibility.

I got your point, but dude you won't believe we (means me) are living in the stone age, we don't have the luxury to do online buying here, I can do online shopping from bigger cities but can't do in my nearest city. The point is all of my purchases are offline, I do p2p and convert my funds into fiat and then use them offline. No trace of online shopping left. Although I don't like online shopping. Speaking of credit cards, I don't have it, I hate it. As I don't like the way it works, they make you more spend, take borrow, pay interest, etc. etc. That's why even if I could have the facility to get a credit card in my area, but wouldn't have the facility to use it everywhere but in few shops only.

I would still not have it. That's why I don't care about privacy, the point here is, what other factors are there that we should keep in mind while acquiring anonymity, besides the fact that your government banned crypto in your country, and online sites can use data for showing ads. I would love to hear more.

[Pmalek]

but speaking of Binance or any other cex, how can someone know my name on a cex, ok governments might do and the people inside cexs might do other than that can sellers of products and services can see my personal information on some cexs?

Don't forget another important piece of the puzzle. Many CEXs are high-value targets for hackers who try to breech their security and obtain money from their hot wallets or user data of their customers. Some CEXs have been hacked in the past and that will continue in the future as well. Such data can be sold on underground forums or simply be posted publicly for everyone to obtain a copy. If your sensitive information is in that leak, that's how anyone can connect you to certain addresses even without the help of blockchain analysis companies or the cooperation of the site.

[BlackHatCoiner]

I would still not have it. That's why I don't care about privacy

I don't see the connection. What makes you not care about your privacy? I neither have a credit card; I hate the concept of borrowing money to spend it on luxuries more than anyone, yet I don't see why I wouldn't want privacy. Bitcoin is a public ledger, open for scrutiny by anyone. Maybe you think you can't be surveilled effectively, and that's why you've adopted this behavior. You would be surprised by how much information an expert can work out by just having your Bitcointalk username and a chain analysis program.

[Eclipse33]

I wonder if there exists a coin that does not require a mixer? Hmmmmmm

Oh wait, there already exists one!

It's called monero, and it comes no - mixer - required - out - of - the - box -privacy.

Pair this with other l33t hacksor privacy tools and you have freedom money on steroids.

[FinneysTrueVision]

I wonder if there exists a coin that does not require a mixer? Hmmmmmm

Oh wait, there already exists one!

It's called monero, and it comes no - mixer - required - out - of - the - box -privacy.

Pair this with other l33t hacksor privacy tools and you have freedom money on steroids.

Nobody is denying that Monero has great privacy features. Its existence shouldn’t be a reason to give up on trying to improve Bitcoin’s privacy. This type of rationale is often used by altcoin bag pumpers. "Why use Bitcoin when Bcash is faster and cheaper?" "Why use Bitcoin when Ethereum has smart contracts?" Bitcoin has its own qualities that will make it preferable for some people over the alternatives. These people deserve to have privacy tools at their disposal without being seen as suspicious and developers treated like criminals.

[Eclipse33]

I wonder if there exists a coin that does not require a mixer? Hmmmmmm

Oh wait, there already exists one!

It's called monero, and it comes no - mixer - required - out - of - the - box -privacy.

Pair this with other l33t hacksor privacy tools and you have freedom money on steroids.

Nobody is denying that Monero has great privacy features. Its existence shouldn’t be a reason to give up on trying to improve Bitcoin’s privacy. This type of rationale is often used by altcoin bag pumpers. "Why use Bitcoin when Bcash is faster and cheaper?" "Why use Bitcoin when Ethereum has smart contracts?" Bitcoin has its own qualities that will make it preferable for some people over the alternatives. These people deserve to have privacy tools at their disposal without being seen as suspicious and developers treated like criminals.

In my personal opinion, the use of mixers SHOULD NOT BE BANNED. People should be able to do with their programable money what they like! If they want to "mix" their coins they should be allowed to do-so, if the technology allows for it they should be able to do it.

It is only the federal spook agents that snear at this thought of people with privacy on bitcoin. Nobody lower than glowie chief general even cares that people are using bitcoin. Most people are also technologically illiterate to the point where sending a bitcoin transaction is equivialant to landing on the moon for them. The know how to send facebook likes but not bitcoins.

You wanna know what the number one platform for child pornography exchange is? It's FACEBOOK! Do you see the glowie pot fed bois arresting Zuck and charging him with CP based on his platform being the number one juicy pot in the world? NO, ZUCK IS FREE.

This is the SAME THING WITH SILK ROAD. ROSS BUILT A SHITTY WEBSITE THAT HAD SOME POT FOR SALE, THAT HE DID NOT EVEN SELL. Now he serve two life sentance. Also it is well known that there were multiple dread pirate roberts.

[Pmalek]

<Snip>

I would rather have a better functioning and more private Bitcoin than being forced to use other altcoins because of their privacy features. I like Monero for everything it has brought to the crypto world, but it's a ticking timebomb of negative news waiting to happen. Where will it be delisted next and what FUD will come out about its use. What will the nation-state enemies decide to do next. You might say, why would you care, they can't take your coins from you anyways. No, they can't, but their decisions can drive the price down 30% or more in a short time-period which isn't pleasant for holders.

That's also why I have mixed feelings about privacy features being added to Bitcoin on a protocol level. It would be nice to see it happen, but at what cost!?

[Z-tight]

That's why I don't care about privacy, the point here is, what other factors are there that we should keep in mind while acquiring anonymity, besides the fact that your government banned crypto in your country, and online sites can use data for showing ads. I would love to hear more.

Each to their own, but privacy is important for more reasons than you have mentioned. I don't know anybody that wants people to know how much they have in their bank account, but unlike money in your bank account, BTC uses a public ledger that anyone can see, and if you lose your privacy completely, people looking closely can see how much money you have in BTC.

You do not need to have something to hide for you to desire privacy, and crypto also does not have to be illegal in your country for you to desire privacy. You simply don't want others to have certain information about you, info that could even be dangerous in the wrong hands.