Post
Topic
Board Bitcoin Discussion
Bitcoin Anonymity
by
ArkiCrypto
on 16/03/2018, 14:30:41 UTC
Most probably most of us knows Bitcoin as anonymous or Bitcoin is one of the anonymous way in order to do transactions online because you don't know who's behind of that address and they don't also know you. I've read in differents thread here in the forum saying that the "good thing about Bitcoin is because you can do transaction without knowing your identity."

But to tell you what, Bitcoin uses blockchain to record the transaction chronologically and publicly. So in other words you can be tracked using your transaction history in the blockchain. Maybe we don't the person behind the address but if they insist to track you down until you withdraw it to fiat there's a chance that they can track you. The list below are the advantages and disadvantages of writing down transaction in blockchain.

Advantages:


  • You can check the transactions confirmation and other information such as the quantity of bitcoin you've send or received.
  • You can use it as evidence that you already paid or received.
  • It can never be deleted.
  • Incase you've been scammed you can track him. (But you it needs a lot of work)

Disadvantages:

  • They can track you using your transactions via Blockchain
  • The transaction is not that much anonymous

What i'm pointing out is that most of the users of bitcoin thought that bitcoin is so anonymous and I want to clarify that for me it's not. So i post it here to know what's your opinion and perspective in regards with with bitcoins anonymity.

PS. All of the stated above are just according to my own perspective.
I just want to share my opinion as well as my perspective in regards with this topic.