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To: nickcarraway

I never understood how Bitcoin is supposed to be so anonymous. WE all leave a footprint on the internet, so I’ve always heard. So why would a Bitcoin transaction be any different?


3 posted on 02/05/2018 1:09:41 PM PST by Dilbert San Diego
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To: Dilbert San Diego

Also wouldn’t any other cryptocurrency have the same problem?


4 posted on 02/05/2018 1:11:56 PM PST by scrabblehack
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To: Dilbert San Diego

The future is obviously Bitcoin hawala.


7 posted on 02/05/2018 1:13:45 PM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Dilbert San Diego

It’s just a public ledger showing bitcoin amount transfers.

You keep your bitcoin in a public digital wallet.

This article is saying you can sometimes trace transactions in the ledger to specific wallets.

There are actually bitcoin anonymizer services to help maintain anonymity, but even they are not foolproof, especially when large quantities of bitcoin are involved.

https://btcmanager.com/zerolink-bitcoin-anonymizer-service-going-live-soon-test-participants-get-10/


9 posted on 02/05/2018 1:15:24 PM PST by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=400>)
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To: Dilbert San Diego; scrabblehack

Bitcoin is pseudoanonymous, but with chain analysis, there is effectively poor anonymity.

For truly private transactions, one would transact with Monero, which uses ring signature, or Zcash, which uses zero knowledge proofs. You would send the transaction via TOR and/or VPN, on Tails.


17 posted on 02/05/2018 2:02:41 PM PST by bkopto
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