Bitcoin de-Anonymity

[libivan]

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.

Yes, as long as your address(es) is(are) not revealed you are "anonymous". You could still be tracked (IP, exchanges, etc) but it would demand some effort.

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[dadugan]

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.

Yes, as long as your address(es) is(are) not revealed you are "anonymous". You could still be tracked (IP, exchanges, etc) but it would demand some effort.

Getting court order to subpoena exchange can be done fairly easy with patriot act.

[cutepuppy]

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

[libivan]

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.

Yes, as long as your address(es) is(are) not revealed you are "anonymous". You could still be tracked (IP, exchanges, etc) but it would demand some effort.

Getting court order to subpoena exchange can be done fairly easy with patriot act.

Yes, but in this case, unfortunately, the State has got enormous power, and no limits or scruples, so they will do their dirty things, and end up "catching" anyone they want, anyway :/

[libivan]

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

Is it really possible, with ANY altcoin... I doubt...

[Cicero2.0]

Just being smart about your transactions will help tremendously. Don't use your main wallet for transactions that you don't want to be associated with and make use of the mixers if you are truly concerned. And of course don't reuse addresses.

  

[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.

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

Is it really possible, with ANY altcoin... I doubt...

That leads me to question; then why has it been done?

If you took some time to study alternate coins, you'd see the majority being really insecure and weak. But there are a few that actually have been secured on par with other high-end alts. How do you think Darkcoin got its $5 value?

A majority of alts will always be poor excuses of coins, but there are things that have been matured and secured so that they may be used with confidence, not as a pump n dump.

[Baitty]

I think it's been made clear that BItcoin isn't anonymous in official announcements and discussions but it would take a lot of effort to prove who sent that transaction and a lot of people use disposable addresses and always use a clean one for another transaction.

[Harley997]

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

Is it really possible, with ANY altcoin... I doubt...

It is very possible to attack any altcoin blockchain, just as it is possible to attack the bitcoin blockchain.

The higher the hashrate of the network of the specific coin the more expensive it is to launch an attack on the blockchain. With most alts having a small hashrate, it is not difficult to attack most alts.

[libivan]

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

Is it really possible, with ANY altcoin... I doubt...

It is very possible to attack any altcoin blockchain, just as it is possible to attack the bitcoin blockchain.

The higher the hashrate of the network of the specific coin the more expensive it is to launch an attack on the blockchain. With most alts having a small hashrate, it is not difficult to attack most alts.

Sure, with this I agree. No doubt of what you have said here, Harley997, as well as what Yakamoto also said. But I could not agree with cutepuppy's radical statement that "All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin".

In fact, I believe that there are some (maybe a few, who knows) altcoins that are safe.

[alz]

Blockchain analysis techniques have totally removed Bitcoins anonymity, It is just a case of how many resources the forensic analysis team have at their disposal.
If you are talking of an individual Bitcoin users anonymity against aggressive government agencies then even employing mixers and 1 shot addresses is going to be ineffective.

There are some newer Cryptocoins that tout anonymity using various methods of blockchain obfuscation ,of these Darkcoin has the most promise IMO as the development team has been the most transparent and have come up with several unique inovations that other coins were quick to clone.
Darkcoins unique Darksend+  blockchain obfuscation system is currently undergoing an independent code and feature review from noted Crypographer and Crypto coin expert Kristov Atlas, the results of Kristov's analysis are due in about a week.

[franky1]

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.

bitcoin is only anonymous right up to the second that you tell people publicly who the address belongs to

1MeUK9ofgyoeQNzqHiegH52FqcaKhBMnmV

[Harley997]

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...

All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin

Is it really possible, with ANY altcoin... I doubt...

It is very possible to attack any altcoin blockchain, just as it is possible to attack the bitcoin blockchain.

The higher the hashrate of the network of the specific coin the more expensive it is to launch an attack on the blockchain. With most alts having a small hashrate, it is not difficult to attack most alts.

Sure, with this I agree. No doubt of what you have said here, Harley997, as well as what Yakamoto also said. But I could not agree with cutepuppy's radical statement that "All alts are way less secure then bitcoin is. If you want to deal in any serious amount of money then you must use bitcoin otherwise you will be risking your TX being reversed from an attack on the blockchain of the altcoin".

In fact, I believe that there are some (maybe a few, who knows) altcoins that are safe.

In order to attack any altcoin you will need to put forth some level of effort (read money). Since all altcoins have a very low hashrate when compared to bitcoin (and when looked at alone) it would take a small amount of effort (money) to attack altcoins. If you are dealing in small amounts, say only $5 worth, then it would likely be unprofitable to attack the alt. If you are dealing in larger amounts, say even a few thousand dollars, then an attacker could simply rent a few hundred dollars worth of mining to launch a 51% attack on the network to reverse his altcoin payment to you.