Post
Topic
Board India
Re: Bitcoins cannot be legal in India.
by
deadley
on 04/06/2017, 09:10:29 UTC

idk.. partly because it is anonymous.


It's anonymous because you can track wallet and transaction but how you will relate to someone with that wallet.

 Sorry to say but bitcoin is not anonymous and if you please read the the following two links it would do a better job of explaining why its not anonymous and how tracing is done over the blockchain.

http://anonymity-in-bitcoin.blogspot.in/2011/07/bitcoin-is-not-anonymous.html

https://bitcoinmagazine.com/articles/is-bitcoin-anonymous-a-complete-beginner-s-guide-1447875283/

Hope this helps.

Regards,
BLife


Quote
Bitcoin is not inherently anonymous. It may be possible to conduct transactions is such a way so as to obscure your identity, but, in many cases, users and their transactions can be identified

In many cases it can be identified not in all cases. Noob who don't know how to hide can be trace.

Same kind of reasons gave in your other article. Don't have time to quote all points what say it can be annoymous and so you must read carefully to understand what writer trying to saying.