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Isn't it pseudonymous? You use addresses to send and receive money, not your real identity. And anyone can generate addresses in a vacuum. Combine that with a V
by coralreef 8y ago
Isn't it pseudonymous? You use addresses to send and receive money, not your real identity. And anyone can generate addresses in a vacuum. Combine that with a VPN or some network routing, and its basically a mountain of work to trace any address or transaction to a person.
- dogma1138 8y agoIt does not offer inherent plausible deniability and only relies on the relative anonymity of your internet connection to hide your identity. Look at the difference between Bitcoin and say Monero when it comes to anonymity. My point isn’t about something being easy or hard but rather if the anonymity comes from the design of Bitcoin or is it circumstantial to how you use it and it’s essentially only the latter. The network was never designed to be anonymous and there isn’t any way to “hide” transactions or to deny your association with a wallet or an address if they trace the IP to you or you end up holding the private key it’s game over and nothing Bitcoin does impacts on the difficulty of this task.
- coralreef 8y agoSure we're talking about pseudonymity though, not anonymity.
- dogma1138 8y agoYes but the source of it isn’t Bitcoin but rather your own opsec which can be employed for any other commodity transaction.
- nyolfen 8y agoyour name on the network is your wallet address, and not your own, actual name. hence psuedonymous. you’re inventing some bizarre definition of the word.