Quote from: Roboabhishek on August 19, 2017, 09:27:07 PM

Quote from: mjglqw on August 18, 2017, 11:28:38 AM

Why is the identification of a person such a big deal though? In the first place, isn't anonymity(to a certain extent) one of the best features of bitcoin? Whereas you wouldn't need to have an email address, an account, or whatever kind of validation for you to have a wallet and use it? Customer identification being unaffiliated with their wallets isn't a weakness. It's actually one of the strengths of bitcoin.

I dont think that they can trace any user of blackchain unless he's using custom private key generated by himself/herself .

How can you trace somebody if he is using a private key generated by himself?
By the way, the term is vanity address, because we all generate addresses when we use our wallets

Quote from: Razick on August 19, 2017, 11:00:57 PM

Why is this a weakness? Bitcoin was never meant to keep you anonymous. It was meant to allow you to control your money - to be your own bank. A way to secure your funds, your life without the need for a middleman. Even if your identity can be found, the only time it matter is if you are doing something illegal which in any case has consequences like fiat.

.

Are you sure?
https://bitcoin.org/bitcoin.pdf

Quote

The necessity to announce all transactions publicly
precludes this method, but privacy can still be maintained by breaking the flow of information in
another place: by keeping public keys anonymous. The public can see that someone is sending
an amount to someone else, but without information linking the transaction to anyone.

Seems like Satoshi had a different opinion, he thought how somebody who wants to be anonymous can achieve that.

Quote from: CrewKitten on August 19, 2017, 10:35:13 PM

If someone has to make his identifications clearly its okay, its not that when you give your identification you are already exposing yourself to danger, besides if you are not doing something wrong why would you be scared at all?

The moment somebody gets access to your information it's the moment you're in trouble.
You probably haven't done anything wrong, the I'm sure you're comfortable with telling us your name, location, workplace and show us all the tx you have made with btc.
Ready to do it?