Post
Topic
Board Bitcoin Discussion
Re: Can you hide your identity with bitcoin? (100%)
by
bayu7adi
on 08/09/2020, 09:00:03 UTC
The main characteristic of Bitcoin is it's transparency and it wouldn't allow anonymity to go hand in hand with it. At best, you can be pseudonymous. Anyone is able to trace the movement of Bitcoin on the network as it is easily accessible. Even in the case of mixer, they do help you to improve anonymity but it is still not guaranteed. A huge part of it lies with the user's practices.

agree with this statement, whereas the anonymity level applied in the blockchain network cannot be 100%, it also has a dangerous impact on the transparent nature of the blockchain.

transparency of the blockchain must be balanced with anonymity, namely 50:50 so as not to be biased. How come?

If you want to be 100% transparent, then the result is that all network data must be published without being hidden, and that violates the rules of anonymity, there should be data that cannot be published regarding the privacy of each individual.