This is the thing. I knew someone would say that. I thought about it to understand how legitimate my concern was. But i think there is a misundersanding here. It's not that i don't want receiver to find out who i am, he already knows. The issue i've always had with some blockchains is that you don't only know who sends you what (which is fine), but that with the address of the sender you can also know who else the sender sent money to and received from. I know this is the whole purpose of the blockchain but if you compare it with what we had with fiat money and bank systems until now, it would be as if you could know the whole bank account activity of someone just because he sent you some money in your bank account. How crazy and unfair that would be? People would never be ok with that. But someone here it's fine, and i don't understand why.

I don't know how we do to send money to someone, keep a traceability on the blockchain for he and I, but keep all the others transactions hidden to him on my wallet (and of his wallet to me also). I don't see how, unless we create a specific wallet for each individual we sent money to in our life and they do the same, which is maybe the least optimal thing ever.

Just wanted to answer to that. I'm reading the rest of your messages for now, thanks for your insights guys.

Well, yes, they have the actual public specific key used since they can see the address of sender on etherscan. Even if exchanges have several keys, at least in my case, the same keys has always been used to withdraw my ETH and to deposit to the receiver i sent it to. Was i just unlucky they used the very same key all the time? or is it normal? If so, as i mentionned, it becomes "fairly easy" (even if it must be extremely tedious) to trace the transaction back to the user even if the public key is extremely active. indeed, just a few transactions separated enough from one another in time to narrow it down to locate the same public key that is always withdrawn from every time receiver gets ETH.


But we have to. When we send a certain amount to someone's wallet via our exchange, he'll receive that exact certain amount all the time. So, he'll know. And the exchange will always take that exact amount from the same public key all the time too.

Hi,

I've been searching for hours without any success. I'm sure this question has been asked alright but can't find it.
I'd simply like to know if when sending let's say ETH to someone from an exchange (kraken for example), the receiver can trace back your "personal" ETH key address you typically use to deposit and withdraw ETH on that exchange or just know anything that could lead to infos on your ETH public key(s) on this exchange (provided you didn't give them to begin with).


I know that on Etherscan it shows the Exchange's key (often called the name of the exchange, e.g. "Kraken 5") so it means that you don't send it directly to the receiver but basically allow the exchange to take the indicated amount from your wallet and the exchange will itself sends the ETH to receiver via its wallet (that's what i deduced from looking at etherscan). But then, does that mean the receiver could theoretically just check the public transactions on that exchange's at the exact same date and time and retrieve our own public key at around the time he received it (minus the time needed to send ETH on avg at that time)?

Even if hundreds of transactions are made each seconds, the receiver would only have to receive multiple amounts at different times to practically be 100% sure to locate the actual public sender key by elimination (manually or using a simple algorithm) and from there he can know all the transactions linked to that public key even though it wasn't given to him. It would be like being able to read all the past and future transaction of someone's else bank account just be receiving fiat money from that someone.

Is this how it works? Am i missing something? Is this how it's supposed to work ? I know Ethereum blockchain is supposed to be transparent, but that's from one personal wallet to another. Exchanges never really specifically mentionned what information they give to the receiver but at first glance one could have guessed it's "anonymous" since it comes from the exchange's wallet and not the public key they provided to you, but if it's not the case, they should specifically say so cause some people could be deceived by this lack of informations/knowledge.

If it's too complicated to answer or don't want to delve into it, thank you for at least linking me to a guide that would explain that issue, since i couldn't find any. Thank you for help.

#Proof of authentification
Telegram Username: @davaou

Thank you. So you agree Bitcoin could never be massively adopted in its current state ? With or without LN i mean.
So, Bitcoin code can be changed? Wow, I didn't know that. You mean it could theoretically one day become scalable and have low fees if we wanted? Why didn't we do it already? What's preventing developers from doing it? It's getting even more confusing than what I initially thought.

Also, apparently it could also theorically become PoS from what i've just read on the net, but the pools of miners would prevent it.

Anyway, even with the PoW still, why not change the code for scalability and lower fees? Who would NOT want that? It's insane.

Hi,

As a beginner, I've just watched a video about lightning network for bitcoin on youtube ("Bitcoin's Lightning Network, Simply Explained!" title of the video, i don't know if links are allowed). I understand roughly how it will work and why it will make so many things so easier and help greatly for scalability, but there is something that's bothering me in the way LN is supposed to work (at least what I understand of it) and, if it's indeed a real issue, I don't understand how BTC could still be massively used in the future no matter how successful LN is.

They say that in order for someone to pay with BTC using the LN, that someone needs first to deposit a certain amount of BTC in a multi signature address, and from there, everything would work fine, and the person could pay using this deposit or a fraction of this deposit with almost no fees and extremely fast. But wouldn't he have to pay fees first to deposit BTC in first place ? Like the ones we currently pay for transferring BTC from an address to another?
If that's the case, the fact that the LN is extremely fast and has almost no fees wouldn't be relevant, since we would still have to pay fees to deposit. And if tomorrow or after tomorrow, BTC value reaches over $50k, those fees we currently already pay would become horribly high. No one would be ready to pay something like $100 to deposit its BTC, even if after that, he's guaranteed to have almost no fees.  

Also, there is something weird I get from LN, I'm not sure what it is. It's just that adding another layer of network seems to be driving us away from what crytocurrency is supposed to be, like the original philosophy of it. First of all, that wouldn't even be as decentralized as it was originally planned to be, plus it also adds a "layer" of complexity that wouldn't help people to understand how cryptocurrency works (ok, it's not like we know how a VISA payement works already, but that's the point, it was supposed to give the knowledge back to people).

I don't want to FUD or anything, it's just that those questions bother me too much. I obviously strongly believe in the blockchain, but I don't see why anyone (except for speculative/emotional reasons) would want BTC to be massively adopted at the cost of so many detours and compromises. Why persisting in trying to improve BTC which has so many flaws ? And that I see more like a prototype, the very first working project that has given us the idea, the first impulse to improve the world of tomorrow, but is intrinsically not worth using anymore, or would have more like a historical/emotional value.
While, instead, we could just invent the crypto of tomorrow that would already solve the problems of consensus, decentralization, scalability in its very core.

And I'm not even talking about those insane amounts of energy required for mining, at a time where everybody is talking about ecology... When will this mining frenzy ever stop? Those mining farms everywhere, even as far as the inside of the mountains, they are ridiculous. It's getting out of hand!
Now, if a crypto like ETH has bright future I think, because it's meant to evolve and eventually give up on the POW mining in the long term, BTC will just eat up more and more mining energy as time goes by and for a blockchain that isn't even that practical in the end.
For me, it's like car manufacturers would still try to improve the Ford T nowadays, even a century after the construction of the first one, instead of inventing new cars. Just give it up already. (And please note that a Ford T still has value nowadays, it's just that it's not used to drive on the highway). It just doesn't make sense for someone like me who's fairly new to the world of crypto.
Why are we so much clinging to BTC and the LN ? Aren't there more simple solutions out there? Even if it means saying goodbye to BTC dominance in the end. Is it because it's taboo to say it or even think about it?

Thank you for reading and, if you would be so kind, bringing me your insights.


PS : Please no hate, I said I was not an expert, there are most likely things that I didn't get in the technical aspect of it. I don't mean to insult Bitcoin, just genuinely trying to understand things that seem weird and incoherent to me

Proof of joined post
Telegram username: @davaou
Facebook url: https://www.facebook.com/BertrandGerardd
Twitter username: @eddyy_malou

Proof of joined post
Telegram username: @davaou
Facebook url: https://www.facebook.com/BertrandGerardd
Twitter username: @eddyy_malou
ETH wallet address:  0x16D22aBFF2fA1DFFF3aDf6606cdbAa89D89d8a51

I've really enjoyed mining JSEcoin so far. Really rewarding. I encourage everyone else to do the same. Keep it going!

Is there any airdrop program ? I don't see one.

So is there a place where we can share our memes between people interested in JSEcoin? Your official forum has no meme section either it seems.  
Except from our respective social network, it's hard for the JSEcoin community to look at the memes we made. Also it would be nice to know the winners after each week. Otherwise, if we can't see them all in place and can't even know the winners for each week either, the whole bounty loses its fun part for us.

I share mine here. Don't hesitate to share/like if you enjoyed it :
https://twitter.com/eddyy_malou/status/1030195258469036032

How come I haven't received any of the bounties rewards this week ? (for past week) Is there a problem with you or me ? I did everything like I used to, i don't understand. My account number is 75232. Thank you.

Remember that Ethereum itself is improving as well. Maybe popularity won't fade but will be even greater considering the announced improvements on this specific blockchain.

Thank you, and when does a new week start exactly for you ? sometimes I do my bounties on Monday even i missed previous and i still get rewards at the beginning of the week (and i still have bounties for the current week after that). So i'm not sure, when does it start, when does it ends exactly ?

Proof of joined post
Telegram username: @davaou
twitter username: @eddyy_malou
facebook url: https://www.facebook.com/BertrandGerardd
ETH wallet address: 0x16D22aBFF2fA1DFFF3aDf6606cdbAa89D89d8a51

Hey, where can we see the memes shared by the community so far? Also, is there a bounty thread? I haven't found one yet. Keep up the good work!

telegram: @davaou

It's decided! I'm participating to the ICO! Really hopeful for this project. And i also keep mining JSECOIN, even thought it's becoming harder and harder to mine, but that's a good sign!

Did you get legend by trash talking everyone and everything or did you actually try to be constructive and educational for others at some point in your posts?

Once again, why the patronizing attitude? What do you gain? I'm learning, i'm only playing around with the signatures for the first time trying to support a project i find has a good potential and also good ratings on ICO bench, so i wouldn't consider it a shitcoin. I would have loved you to tell me how you see it as a shitcoin, i'm sure i would have learned something, but you are most likely not very used to cordial discussions with somebody less experimented than you. I'm not the only one who still needs to learn things here apparently.