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I do not know that much about blockchain, so can you tell me if I am wrong, so if I use bitcoin to pay my rent and use bitcoin to buy something from PornHub now
by simion314 7y ago
I do not know that much about blockchain, so can you tell me if I am wrong, so if I use bitcoin to pay my rent and use bitcoin to buy something from PornHub now anybody can link this 2 payments and as the number of payments to different things increases I can be publicly identified.
I read that some people would say don't use bgitoin use X or use process Y but then it is more convoluted then you would suggest initially.
- whynaut 7y agoThe typical way to go about this would be creating separate Bitcoin wallets for different types of purchases. Many wallet clients support this out of the box. Personally, I generate a new wallet for every transaction.
- simion314 7y agoBut how do I transfer bitcoins from your main wallet to the new one without having this transaction public so linking your wallets. As I said I did not researched this topic or own bitcoings, my scenario is that say we all use bitcoins everywhere, then I or you manage to upset some internet community, then they will start "hunting" , they could grab a list of all the transaction, see what you bought/sell from who you received money, who did you sent money , they could "cancel" people even faster then today.
- whynaut 7y ago> But how do I transfer bitcoins from your main wallet to the new one without having this transaction public so linking your wallets. Don’t transfer between personal wallets: when you purchase BTC, send it directly to the wallet you’ll use those funds with. Transaction mixers (there are other names, but i think mixer is/was common) are a viable way to deter this kind of attack, as they muddy the transaction history between you and who you wish to pay (or yourself). You’ll have to pay for anything that’ll stand up to dedicated government/professional scrutiny, but i’ve seen more sites with some measure of mixing built in lately.
- simion314 7y agoThanks for the response, IMO this issue should be addressed and be built in into the protocol before regular users could just start using it, so IMO using bitcoing for the PornHub is not a general solution and people that promote it without mentioning the anonymity problem are making a disservice.
- rvz 7y ago> so IMO using bitcoing for the PornHub is not a general solution and people that promote it without mentioning the anonymity problem are making a disservice. Well this is exactly why I said "cryptocurrencies" and not just only Bitcoin. Some of them respect your privacy and some do not. Some transfer faster than others.
- lawn 7y agoThis is true, Bitcoin is only pseudo-anonymous. Cryptocurrencies like Monero solve this problem.