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It is not anonymous, in the sense that the transaction history of a wallet is public info. If that transaction history can identify you, you are not anonymous.
by singlow 13y ago
It is not anonymous, in the sense that the transaction history of a wallet is public info. If that transaction history can identify you, you are not anonymous.
The point if bitcoin is that it is decentralized and no entity can affect or effect a transaction apart from the holder of the private key. As long as you can keep your key secret, no government or bank can seize your funds or prevent you from spending them.
Anonymity is possible through laundering techniques that obfuscate the transaction history. But if you provide an address to the recipient of the coins or purchase the coins with a bank account, your anonymity is limited by the privacy protections of the person who ships your goods or of your bank.
If you mine your coins or earn them in a way that does not require the disclosure of your identity and spend them at places that do not require any identifiable information, it is very anonymous.
- at-fates-hands 13y agoThanks for the clarification, it makes more sense to me now.