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> Bitcoin stores every single transaction that ever happens in a public ledger. Ok, I admit I'm not a Bitcoin expert. But if I buy Bitcoin with cash, or mine s

• Jweb_Guru 11y ago
  Yes. It's unrelated to how you acquire the Bitcoin, there's a soft limit of something like seven transactions per second across the entire ledger (it's not exactly that because the difficulty of mining a block is set based on the current hash rate, but it's set so that on average a block is mined every ten minutes; in practice, it will usually be much lower, since that figure assumes only minimum-sized transactions are used and the block is full, which is rarely the case).
• mindslight 11y ago
  Yes, because in the best case you're still creating a single pseudononymous profile and one identity-tied transaction will deanonymize the whole thing. Even without that, enough usage activity means a shadow profile can be inferred that is effectively tracking you, just without a specific name. FINCEN has been developing this type of technology for decades. And this is magnified when you're talking about essentially penny transactions - unless your cash bitcoin dealer is willing to see you every week for another $2. "Anonymity" means little in the context of ecash. The property we're really looking for is untraceability, which bitcoin does not have.
  • jensen123 11y ago
    Interesting. Apparently, there is much I don't know. I wasn't necessarily thinking about micro transactions, though. It would be nice to for example buy a 1 year full access to a site like Guru3D easily and anonomously. But yeah, I guess the profiling you mention is still a problem.