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Not really, for most people bitcoin is the number in the exchange they use. That’s pretty private. Also, acts as a mixer even if you end up storing your coins

by mrtksn 3y ago

Not really, for most people bitcoin is the number in the exchange they use. That’s pretty private. Also, acts as a mixer even if you end up storing your coins locally.

victorbjorklund 3y ago
But isnt that only for people who just speculate in bitcoin? People who use bitcoin to pay for everyday stuff will reveal it... or have we given up pretending people use bitcoin for everyday use?
- mrtksn 3y ago
  > People who use bitcoin to pay for everyday stuff will reveal it Good thing that there's no such people :)
  - sMarsIntruder 3y ago
    How’s that a “good thing”? I mean, if you love living within the hidden taxation called inflation of the fiat world, feel free.
- bdjsiqoocwk 3y ago
  > or have we given up pretending people use bitcoin for everyday use? I don't think I've heard anyone pretending this in the last 10 years.
  - oarsinsync 3y ago
    Spend some time with lightning network advocates and you’ll find plenty of people who advocate using bitcoin lightning for everyday use
    - bdjsiqoocwk 3y ago
      Advocating using, sure. But claiming they use it?
      - bb88 3y ago
        Well for the past decade you'll find people on here spouting BTC without acknowledging they had BTC. Anything that happened to BTC was "good" for BTC.
        bdjsiqoocwk 3y ago
        Are they claiming they use it?
      - oarsinsync 3y ago
        Yes, that’s part of their advocacy. “I do this so I don’t see why everyone else can’t too”, blind to how insane the on-ramp is.
- Ferret7446 3y ago
  You still need to do quite a bit of tracing; only the people who actually go digging and have access to internal data records of the KYC endpoints would be able to trace it. For the uninformed, all transactions post to a separate address, so you'd have to correlate which addresses seem to be used together in various other transactions to tie transactions back to a single "wallet". (Ackchyually that's not entirely true; there are some low level details regarding UTXOs and HD wallets, but in practice you can assume it works like that). And I don't think anyone (who is worth listening to) is advocating BTC for trivial transactions; it has already solidly cemented its role as a "wire" service for larger transfers.
  - qwerty456127 3y ago
    > And I don't think anyone (who is worth listening to) is advocating BTC for trivial transactions; it has already solidly cemented its role as a "wire" service for larger transfers. LTC apparently seems "a better BTC" for trivial transaction. Also Monero which supposedly doesn't even need mixing. Why do people even care using BTC which needs mixing when there are Monero and ZCash?

by mrtksn 3y ago

Not really, for most people bitcoin is the number in the exchange they use. That’s pretty private. Also, acts as a mixer even if you end up storing your coins locally.

victorbjorklund 3y ago

But isnt that only for people who just speculate in bitcoin? People who use bitcoin to pay for everyday stuff will reveal it... or have we given up pretending people use bitcoin for everyday use?

mrtksn 3y ago
> People who use bitcoin to pay for everyday stuff will reveal it Good thing that there's no such people :)
- sMarsIntruder 3y ago
  How’s that a “good thing”? I mean, if you love living within the hidden taxation called inflation of the fiat world, feel free.
bdjsiqoocwk 3y ago
> or have we given up pretending people use bitcoin for everyday use? I don't think I've heard anyone pretending this in the last 10 years.
- oarsinsync 3y ago
  Spend some time with lightning network advocates and you’ll find plenty of people who advocate using bitcoin lightning for everyday use
  - bdjsiqoocwk 3y ago
    Advocating using, sure. But claiming they use it?
    - bb88 3y ago
      Well for the past decade you'll find people on here spouting BTC without acknowledging they had BTC. Anything that happened to BTC was "good" for BTC.
      - bdjsiqoocwk 3y ago
        Are they claiming they use it?
    - oarsinsync 3y ago
      Yes, that’s part of their advocacy. “I do this so I don’t see why everyone else can’t too”, blind to how insane the on-ramp is.
Ferret7446 3y ago
You still need to do quite a bit of tracing; only the people who actually go digging and have access to internal data records of the KYC endpoints would be able to trace it. For the uninformed, all transactions post to a separate address, so you'd have to correlate which addresses seem to be used together in various other transactions to tie transactions back to a single "wallet". (Ackchyually that's not entirely true; there are some low level details regarding UTXOs and HD wallets, but in practice you can assume it works like that). And I don't think anyone (who is worth listening to) is advocating BTC for trivial transactions; it has already solidly cemented its role as a "wire" service for larger transfers.
- qwerty456127 3y ago
  > And I don't think anyone (who is worth listening to) is advocating BTC for trivial transactions; it has already solidly cemented its role as a "wire" service for larger transfers. LTC apparently seems "a better BTC" for trivial transaction. Also Monero which supposedly doesn't even need mixing. Why do people even care using BTC which needs mixing when there are Monero and ZCash?