Such information has also been trending in social media platforms these days but I have not really paying attention on them. Someone was saying that Bitcoin is not anonymous because of the end use of the coin. Like if you transfer the coin to electrum, you will send it to an exchange and the exchange has a KYC which can be tranced from the electrum transaction to the exchange and the owner of the exchange will be known at the end.

And Bitcoin can be anonymous when the two parties use electrum to electrum for the transaction or the trading but one person will still use exchange.

You've missed the point of my OP entirely. It has nothing to do with IP addresses. Please try reading it again?



Yes, centralized exchanges. Are these companies somehow different than all of the other companies in the world that collect personal information and resell it? Companies buy and sell customer data all of the time, and it's a business worth tens of billions of dollar per year.

If you think these companies will pass up billions of dollars in basically free money, you are the one living in a dream.

People's intuition is that something only involving numbers will be anonymous. I am old enough to remember when people though IP addresses were anonymous, and unless they gave a website their personal information (or they used fake info), they would be totally safe. It took years of consumer education to dispel this myth--and a third of people probably still don't get it.

You simply haven't even read my post. I wasn't talking about IP addresses as they relate to Bitcoin.

Maybe actually read the posts before commenting on them--especially when you respond with... personal attacks.

All I can say is that you live in a bubble. I have never heard a person (who doesn't live in these forums) even use the word "address reusage". Most average consumers wouldn't even know what that means.


Noted. I certainly could have conveyed the same thing with a different word choice...


Totally agree. I just looked at the popular perception. Again, I remember a time when everybody thought nobody could track IPs--the public eventually learned, and started using tools like VPNs.

(And they learned to do this by... becoming aware from... things like my OP ).

bitcoin was always described as pseudonymous not anonymous/private
bitcoin was always described as a public ledger not a private payment system

it was only those promoting privacy services that claimed bitcoin was private

in public there is no expectation of privacy and its up to individuals to create their own privacy via self controlling the information they emit/admit to the public

bitcoin is also not fungible which is why those who scream that bitcoin is fungible and private then promote mixers and stuff because deep down they know they are lying and want to trade off their tainted/dark service linked coin to innocent people and take innocent peoples coin. to try to de-link their involvement in stuff that can be publicly linked

if you want to create privacy YOU need to do it and not rely on central/commercial services which can be used against you. yep even commercialised mixers still need to create logs to ensure the depositor gets the right amount of coin after the mixing when the service later gives coin out, so expect that even commercialised mixers know who put funds in and where they go to, to balance the books and ensure the recipient after mixing is made whole for what they put in..
.. and to ensure they keep logs to ensure hackers are not shifting coins out of a mixers haul without being a genuine user/customer who put funds in(ensure people get what they deserve by logging who uses the service honourably)

---

alot of people who fall for the myth of privacy then get lazy as they think they were promised privacy so dont need to self control their data
for instance:
people who used silk road think that because they used bitcoin they could not be traced, so were lazy and happily then gave their home delivery address to receive silk road promoted goods. not thinking they should have used a fake ID to get a PO box and only attended with a mask and ensure the PO Box was not surveilled/monitored

also people who think just using bitcoin keeps them private so then happily and lazily then publicly discuss their home life on forums and link bitcoin addresses to their profiles, thinking that there was some magic system that automatically then scrambles their public omissions after publicly releasing personal data

heck people even think things like lightning and tor are private, not realising that the 'gossip'/bridging protocols can be used against them to form links
(and yes when tor has its own list of bridge nodes pre-programmed, you are at their mercy of the path the software takes you)

Zero. Because I don't need it. And if you want to just buy a pizza, then such amounts can be transferred without KYC, under many jurisdictions.

For example: if you have Bitcoin ATMs, then you have this famous "1000 EUR limit". Should be enough for many pizzas.

We have CGNAT. Which means, that if you use IPv4, then your IP is shared with thousands of other people. Which means, that if you try to edit some Wiki page, there is a huge chance, that you will see someone else's history. And after restarting your router, it is very likely, that you will get a different IP, just like in Tor, when in every session, you have a different IP.

So, if people would have end-to-end connections, then yes, knowing someone's IP might be enough to track someone. But now, in the era of IPv4 and CGNAT, you are mixed with a lot of different individuals, unless you specifically request a static IP from your ISP (and pay a bunch of dollars more per month, for the ability to run your own home-hosted servers).

I disagree and agree with some of your points, but I'll only focus on the topic for the sake of not talking too much.
Let's take this forum for example, you do agree it is an anonymous forum, right? No KYC required, no personal details, just an email a username and a password. Now if a user registers on this forum and goes ahead to use his real name and posts his passport or other ID cards for us to see, you agree that the user is compromised right? But does that stop the forum from being an anonymous forum?

I believe it's the same with Bitcoin. If a Bitcoin holder doesn't use any centralized exchange, he strictly transacts P2P with other users that don't use any centralised exchange, can you still say he's not anonymous? I agree you cannot use a new address to receive transactions every time, but you can use different address for different purposes. Bitcoin on its own is anonymous, its the way the holder uses it that decides if it will keep being anonymous or not.

If you are trolling, I am done. Nothing to say more with you.

If you say Bitcoin does not provide any better thing for you and your life, why are you here?

Are you here to prove that Bitcoin is not as good as people say and want to debunk it?

Go ahead and you will receive many helpful answers from community to enlighten your wrong knowledge on Bitcoin. The day people recognize that you are trolling, the community will be done with all threads you create.

There are more methods to exchange your bitcoin to fiat currency or cash, and credit card is not the only method for doing this.

There are methods for cashing out directly without connections with banks, credit cards and there are no KYC exchanges for you to sell your bitcoin too.