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Author Topic: Why are Bitcoin transactions stored ?  (Read 572 times)
X-ray
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February 05, 2026, 05:02:59 AM
 #61

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.
Bitcoin wasn't created for privacy, it was created as a decentralized currency that can be used freely by everyone. it wasn't meant to be a privacy coin, and it's not meant to be a privacy coin even this day. The ones who love privacy know how to use third party services to enhance the privacy of their coins but Bitcoin on its own isn't a privacy centered coin but a decentralized coin.

All transaction history is visible to everyone via Blockchain, and that's why if your main purpose is to use a coin that's created for privacy then use a privacy coin instead of Bitcoin. However, if you want to use a coin that's free from centralized system and can be used freely by anyone, then you can use Bitcoin, but still it's someone's own choice.

It was more of breaking free from centralized control by creating a system that is decentralized, a system that is based on consensus instead of centralized decision making and bitcoin excels at that with current hashrate that is ultra difficult to replicate.

The anonymity i'd like to think of it as a bonus, since everybody can generate their own address, as long as nobody know the owner of the address it's pretty much anonymous.

Or simply use those privacy tools if someone ought to really need privacy.

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Satofan44
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February 05, 2026, 02:29:56 PM
 #62

The CEX you use is what sells your data and link your wallet to your transactions. If you avoid centralised exchanges you can stay private for as long as you use DEX or send your coin directly to the receiver without using any third-party agent. The idea of privacy isn't defeated it's our usage that stained the original idea.
Stop spamming this incorrect nonsense, that is pseudo-anonymity and not privacy. There is no privacy in Bitcoin.

If our personal life is not connected to the wallet address then no one can find out if it belongs to us or not. That's how it provide us privacy. Public record was necessary.

We both are right in our contexts, but there is an addition of "if", like, if someone's wallet address is connected to them via KYC or centralized exchanges or someone knows that this is satofan44's wallet address then the privacy is gone.
No, we are not "both right". You are spamming nonsense because you are a 3rd world shitposting retard, Bitcoin does not provide any privacy at all. It can not provide you with privacy, because that is not how it is designed to work.

Unfortunately, Bitcoin is not anonymous; it is pseudonymous.
What do you mean "unfortunately"? It is not as if this was a side effect of some other decisions or due to a technological inability to make it anonymous and private. This was done by design, and this is the only path through which Bitcoin could get the regulation, institutional acceptance and widespread usage that it has now. Privacy coins like Monero are banned from most of these things. Sure, it would be better if Monero was more used in P2P but the point is that you can't have it all. Either you will have anonymity and or privacy, or you will have compliance and widespread acceptance. Both at the same time are not possible. This is where those people who criticize Bitcoin on these matters are completely delusional demagogues. Even with Bitcoin being the way it is, it is going to be extremely hard to get to a world that is full on the Bitcoin standard. Were it more like Monero, it would practically have 0% chance. The world is addicted to these things, and fully changing it is near impossible.

The anonymity i'd like to think of it as a bonus, since everybody can generate their own address, as long as nobody know the owner of the address it's pretty much anonymous.
Literally the post before you says that Bitcoin is not anonymous, and you write that it is.  Roll Eyes

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February 05, 2026, 02:53:51 PM
Last edit: February 05, 2026, 03:23:44 PM by Pablo-wood
 #63

The CEX you use is what sells your data and link your wallet to your transactions. If you avoid centralised exchanges you can stay private for as long as you use DEX or send your coin directly to the receiver without using any third-party agent. The idea of privacy isn't defeated it's our usage that stained the original idea.
Stop spamming this incorrect nonsense, that is pseudo-anonymity and not privacy. There is no privacy in Bitcoin.
You are such a clown abusing the trust system. I doubt you read what I replied. I never mentioned anonymity I only stated privacy for a wallet that hasn't interacted with a CEX. Yes such address maintains a high level of privacy even though they are not anonymous. Learn to read before replying and stop spamming as well.

N/B: Privacy  != anonymity

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