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by ragmondo 4820 days ago
Anonymity is not really the selling feature of bitcoin - in fact it really only offers pseudo-anonymity.

The fact that no-one else can just "print" bitcoins, and that you can transfer funds at internet speed to anybody else anywhere in the world and that (after a short time), the transaction cannot be reversed are the main utilities.
1 comments
jaimebuelta 4819 days ago
Yes, I think it is possible, in the long run, to figure out who's behind a wallet, assuming that the Bitcoin use is frequent and convenient (meaning no-super-high-inconvenient-counter-measures are used, but a regular use of currency)

In that case, my concern is that I think it will be possible to determine ALL the transactions of that wallet. Making it even less anonymous than regular currencies.

I could be missing something, but if confirmed, that could be a problem for using Bitcoin as a regular currency

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Nursie 4819 days ago
There are various laundering schemes, and there's nothing stopping you using new wallets constantly.

But yes, in effect, every transaction is traceable and public, AFAICT.

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jaimebuelta 4819 days ago
Yes, I understand that there are things that you can do. But, as those are in the way of convenience, we can assume that not everyone will take the extra effort to create constantly new wallets, etc.

So, in case someone can trace you to a wallet, that someone can know all your transactions (of course, only the transactions for that wallet), which is a huge potential privacy risk.

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