Post
Topic
Board Bitcoin Discussion
Re: Satoshi Nakamoto White Paper
by
bolshojkush
on 18/02/2024, 16:24:26 UTC
Do you think Bitcoin has gone against Satoshi Nakamoto’s original intentions and embarked on a non-decentralized path?

No matter what others say about it, we should be worried about it. Bitcoin hasn't changed, but we are using it in the wrong way. Bitcoin users are supposed to be anonymous so their money and the user can maintain their privacy. But, the centralized exchanges and other platforms changed everything. We are using centralized exchanges providing our identities.

It's been over a decade now and we are using it in a wrong way. We are binding our bank accounts with the exchanges. We were supposed to be free with our money but...... What is happening now? GazetaBitcoin has a thread about it. You can read if you want. 12 years later and people still don't know to use Bitcoin nor what it's good for


I read the post, there is information given why it is better not to use exchanges and banks, the topic of anonymity is not disclosed. Everyone knows that all transactions remain on the blockchain and all bitcoin movements can be tracked. Therefore, you cannot remain 100% anonymous. In any case, third parties may receive information about you or your bitcoin address, for example, from the person to whom you sold bitcoin or from whom you bought it, if he is not anonymous enough. And then further study your transactions and calculate you. There are many examples of people who stole bitcoins when they were not using mixers or Monero.
Bitcoin was created decentralized, but I believe that it is not anonymous enough if you do not make additional efforts to anonymity.
Read the article about the "Crypto Dust Attack", this is one of the methods of establishing the identity of the owner of the crypto wallet.

https://www.gemini.com/cryptopedia/crypto-dusting-attack-bitcoin