Post
Topic
Board Bitcoin Discussion
Re: Will blockchain survive the crackdown on mixers and anonymization?
by
btc_angela
on 07/05/2024, 21:10:24 UTC

Any transactions are in public not private but all identities who use this address or who made any transaction are private.
So do you think if you send BTC to me or other forum members here did they know your identity or mine? Did you find it on the blockchain?

What makes you think about Chain analysis do to you? What they can only do is to track a transaction but they don't know who owns it and I don't think ChainAnalysis will track you unless you did money laundering.


Identities per se are not on the blockchain, but chainanalysis allows people to "triangulate" where a transaction came from, or where it went. It's not exact, but I'm pretty sure it works well enough to make it so that criminals no longer use Bitcoin, or if they do, they use a mixer.

And while authorities won't go out of their way to track you down unless they have a reason to do so, criminals and marketers will use it to try to steal or sell something, or otherwise bother you Smiley. In this context, using Bitcoin these days isn't very safe...

Then in your argument t hat "Bitcoin is not safe", we can conclude that cryptocurrencies are not safe this Bitcoin is the prime mover of crypto? So there is a flaw in your argument already as crypto is safe, it's not there are a lot of bad people around us that uses it's weaknesses to their advantage.

So for me blockchain will survived and so are mixers.

There could be another layer, similar to bitcoin mixers in the future so it's going to be a cat-and-mouse game for authorities to de-anonymized transactions and "triangulate" where the transaction came from.