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> anonymity/privacy Nope. Bitcoin and others don't solve this at all. They're a literal permanent ledger of every single transaction you've ever made. Other co
by djsumdog 7y ago
> anonymity/privacy
Nope. Bitcoin and others don't solve this at all. They're a literal permanent ledger of every single transaction you've ever made. Other coins might be better at anonymity, but BTC and its derivatives are certainly not.
- ben174 7y agoQuite easily solved. There are plenty of services that will put your coin through an anonymizer, much like a VPN, or Tor.
- ulzeraj 7y agoThere is also coinjoin which is a service that mixes your coins with other participants. I also heard the Lightning network which operates on some kind of application level provides some kind of extra obfuscation.
- hnews_account_1 7y agoThis is not what anonymity looks like brother. Your IP address is not what links you to your bitcoin. It's your bitcoin address. And since we have a running ledger of all transactions, anyone can write a small script to trace your coins once they know even one of your addresses. The work around for this is what they call a coin tumbler - it takes your coins and those of say 5 more people, mixes them up real nice by moving them around a couple of wallets in many complicated transactions and then hands them back to a wallet you want from thousands of these mixed up addresses.