Bitcoin de-Anonymity

[den.faulkner1990]

Hello. Get some info that Bitcoin is not true anonymity. "Once you make the transaction ->it will be put into the blockchain with amount and addresses -> everyone can track your address current balance"

Where there any known cases deanonymization?

[FUR11]

Well, it actually is somewhat of a mixture between anonymity and pseudonymity. If you do know the owner of an address, you can track the respective transactions. Thus the anonymity is being void. If you for example send someone BTC, you know their address and can track the funds. Or in case of for example Mt. Gox addresses, people have tracked funds through their wallets...

[RepublicSpace]

Yes, academics have written papers on this.

[Marty N. Gale]

Yes, academics have written papers on this.

Care to share some sources or examples of those papers? It's an interesting topic!

[lihuajkl]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

[doggieTattoo]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

It is possible to track your address back to your identity if you somehow associate the address with your identity (using your IP address to transmit a TX, send funds to an exchange that has verified your identity)

[FUR11]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

[SirChiko]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

Using multiple adresses and shared sends and mixers does remove that.

[den.faulkner1990]

Hello. Get some info that Bitcoin is not true anonymity. "Once you make the transaction ->it will be put into the blockchain with amount and addresses -> everyone can track your address current balance"

Where there any known cases deanonymization?

And what about cash out BTC to USD? How i can see it's weak element. What is the most secure way to cashout money from BTC to USD?

[den.faulkner1990]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

Using multiple adresses and shared sends and mixers does remove that.

could you give more info about this? are there some software for "shared sends and mixers" or i need to do it by myself?

[SirChiko]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

Using multiple adresses and shared sends and mixers does remove that.

could you give more info about this? are there some software for "shared sends and mixers" or i need to do it by myself?

Shared send is less anonymous and for mixing coins you can use bitmixer.io for example. These are both online and you don't need to install anything.

[annoyingorange]

'Tis the nature of the beast.
Read and learn.

[shockinglyugly]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

Using multiple adresses and shared sends and mixers does remove that.

could you give more info about this? are there some software for "shared sends and mixers" or i need to do it by myself?

Shared send is a feature on blockchain.info's wallet that allows you to send coins to another address but it will go through several intermediary addresses first and each transaction to each intermediary address has several input and output addresses 

[SirChiko]

Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.

Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!

Using multiple adresses and shared sends and mixers does remove that.

could you give more info about this? are there some software for "shared sends and mixers" or i need to do it by myself?

Shared send is a feature on blockchain.info's wallet that allows you to send coins to another address but it will go through several intermediary addresses first and each transaction to each intermediary address has several input and output addresses  

Here is also bitmixer method:
BitMixer has a huge reserve of Bitcoins already in its system. A user sends us their BTC and we cap it onto the end of our reserve chain. We then pay the amount of what was purchased from the beginning of our reserve. This method of mixing means that you do not have to wait for other customers – coins already mixed are instantly available.

[laurentmt]

Yes, academics have written papers on this.

Care to share some sources or examples of those papers? It's an interesting topic!

Here's a list of research papers related to bitcoin (some of them are related to privacy and blockchain analysis)

[leopard2]

use Darkcoin, it has built in anonymity

you can still use BTC for store of value, then buy Darkcoin for critical transactions on demand

[Yakamoto]

use Darkcoin, it has built in anonymity

you can still use BTC for store of value, then buy Darkcoin for critical transactions on demand

NO! Don't use Darkcoin! Use Bytecoin or Monero!

Darkcoin was just bashed because the "anonymity" nodes were being hosted on Amazon servers, which are monitored by the government, so they can see everything that was going on.

Bytecoin/Monero are better because they are harder to track, so don't use Darkcoin as transactions, unless you don't care if people see them.

So Bitcoin as a store of value, and BYC/XMR for critical and anonymous transactions.

[Ignition75]

use Darkcoin, it has built in anonymity

you can still use BTC for store of value, then buy Darkcoin for critical transactions on demand

NO! Don't use Darkcoin! Use Bytecoin or Monero!

Darkcoin was just bashed because the "anonymity" nodes were being hosted on Amazon servers, which are monitored by the government, so they can see everything that was going on.

Bytecoin/Monero are better because they are harder to track, so don't use Darkcoin as transactions, unless you don't care if people see them.

So Bitcoin as a store of value, and BYC/XMR for critical and anonymous transactions.

Bytecoin/Monero = BlockChain Bloat and will never see the light of day as a usable currency...

DarkCoin MasterNodes are spread all around the world and Proof of Service is just the beginning for these nodes...

[stealth923]

use Darkcoin, it has built in anonymity

you can still use BTC for store of value, then buy Darkcoin for critical transactions on demand

NO! Don't use Darkcoin! Use Bytecoin or Monero!

Darkcoin was just bashed because the "anonymity" nodes were being hosted on Amazon servers, which are monitored by the government, so they can see everything that was going on.

Bytecoin/Monero are better because they are harder to track, so don't use Darkcoin as transactions, unless you don't care if people see them.

So Bitcoin as a store of value, and BYC/XMR for critical and anonymous transactions.

Bytecoin/Monero = BlockChain Bloat and will never see the light of day as a usable currency...

DarkCoin MasterNodes are spread all around the world and Proof of Service is just the beginning for these nodes...

Firstly I think that bitcoin will have a major privacy issue on its hands when marketing and data warehhouse businesses start (its already begun) to data mine bitcoin info to link user transactions to businesses and services. This can be sold for marketing and other purposes for huge money. Information is power!

Secondly To see how decentralized darkcoins masternodes are - see here https://drk.mn/masternodes.html - 700 all over the world and this is just the beginning.

I used Bytecoin/Monero and it took 1-2 days just to sync the blockchain and its only 2-3 months old. Scalability, incompatibility with bitcoin api where all infrastructure exists and bloat will kill mainstream use. Can you imagine if it had the same number of transactions as bitcoin. The blockchain would need to be shipped on 1 TB harddrives to every user.

[thelonecrouton]

use Darkcoin, it has built in anonymity

you can still use BTC for store of value, then buy Darkcoin for critical transactions on demand

NO! Don't use Darkcoin! Use Bytecoin or Monero!

Darkcoin was just bashed because the "anonymity" nodes were being hosted on Amazon servers, which are monitored by the government, so they can see everything that was going on.

Bytecoin/Monero are better because they are harder to track, so don't use Darkcoin as transactions, unless you don't care if people see them.

So Bitcoin as a store of value, and BYC/XMR for critical and anonymous transactions.

With Darkcoin's Darksend+ (RC4 and beyond,) not even individual masternodes know what's going on, as multiple masternodes and virgin addresses each time are used to anonymise your coins.

Subverting enough masternodes to be useful is financially and technically unfeasible, and pointless anyway as ALL Darkcoins will be automatically anonymised prior to sending anywhere, with change also going to virgin addresses each time.

Bytecoin etc. are currently unscaleable to useful levels and have other problems as well.