Post
Topic
Board Bitcoin Discussion
Re: What makes Bitcoins valuable?
by
Ale88
on 12/08/2023, 02:03:37 UTC
. Bitcoin is anonymous
Nobody wants anyone looking into their finances. Your finances are your business. Bitcoin is anonymous, meaning although Coinbase might know who you are, they don’t know why you made the transaction.
That is not necessarily true: every single bitcoin transaction is readable on the blockchain so even if you don't know who is making that transaction you can follow the bitcoins path anyway. And it's possible to track down bitcoins even after they have been mixed using some mixing service. If you want to be 100% anonymous then bitcoin is not the best choice. At the end almost everything that goes through internet leaves a trace.