Andreas Antonopoulos Says Bitcoin is not Anonymous, BTC is Just Pseudo-Anonymous

2019-2-2 22:53

Bitcoin (BTC), the most popular digital currency in the market has been always accused of being anonymous and that is used by criminals.

This is due to the fact that the coin was used for individuals at the Silk Road, a marketplace that operated on the dark web and that allowed individuals to purchase and sell illegal goods and services.

People now believe that Bitcoin is anonymous and it cannot be tracked. Nevertheless, Andreas Antonopoulos the author of the famous book Mastering Bitcoin said that the largest cryptocurrency is not anonymous, but it is just pseudo-anonymous.

During a Q&A session, Antonopoulos commented about it:

“So a lot of people think Bitcoin is anonymous. It is not anonymous, it is loosely pseudo-anonymous, which means that if you expand an enormous amount of effort on operational security and you do it very carefully and very well you may retain anonymity for a limited period of time that doesn’t sound like a good thing.”

Andreas explained that anonymity of money transactions is a very important and also a sensitive topic to discuss. He went on saying that peer-to-peer anonymous transactions existed for around 5,000 years. Additionally, he mentioned that cash was always completely anonymous, fungible, unforgeable and also self-verifying.

He explained that Bitcoin needs to be much stronger in terms of confidentiality and privacy. Users’ data and information must be protected as other coins are currently doing. Monero (XMR), for example, hides the funds transacted and the individuals that will receive these transactions.

Antonopoulos said that it is one of the biggest priority to implement bulletproof and taproot confidential transactions. He explained that if they are able to implement this properly on the base layer, they may be able to do it even better and stronger on layer two.

Litecoin (LTC), a cryptocurrency that is linked to Bitcoin, will be implementing confidential transactions throughout 2019. The information was released by Charlie Lee, the founder of Litecoin a few days ago on Twitter. He mentioned that fungibility is one of the things that is lacking in the crypto space and to cryptocurrencies in general.

Bitcoin is currently being traded around $3,450 and it has a market capitalization of $60.45 billion.

origin »

Bitcoin (BTC) на Currencies.ru

$ 102393.48 (+0.16%)
Объем 24H $44.678b
Изменеия 24h: -1.71 %, 7d: -2.25 %
Cегодня L: $101581.06 - H: $102731.19
Капитализация $2029.75b Rank 1
Цена в час новости $ 3487.06 (2836.38%)

individuals bitcoin used btc anonymous fact due

Источник: bitcoinexchangeguide.com

individuals bitcoin → Результатов: 126


Фото:

Bitcoin theft victim sues AT&T for $224M after SIM-swap bungle

Nicolas Truglia, the infamous cryptocurrency con-man already arrested for stealing $1 million in digital assets, is now being sued for a further $81 million by another one of his victims. Court documents allege Truglia worked with a crew of 25 unnamed individuals to steal $24 million in cryptocurrency from Michael Terpin, an early Bitcoin investor, reports the Register.

2019-1-17 16:45


New Apollo Mixer Crypto Tool Makes Coin Mixing Untraceable via Encrypted Transactions

In a moment in which privacy is more vulnerable than never before, Apollo Mixer can be a great ally for individuals searching to safeguard their data. Indeed, there are some countries such as China or Venezuela in which institutions know (almost) everything what people do, including with their money. Bitcoin (BTC) became an important tool […]

2019-1-6 03:19


Finland Tip-Off Sends Denmark Tax Agency After 2,700 Individuals For Bitcoin (BTC) Tax Debts

A Tip-Off From Finland Sends Denmark Tax Agency After 2,700 Individuals For Tax Debts Against Bitcoin Regulatory concerns have been part of the crypto industry more commonly for the last few years, and multiple countries are looking to figure out how to integrate these assets into their economy. One of the biggest issues for Denmark […]

2018-12-12 22:15


Фото:

Proof of Keys Celebration Encourages Individuals to Take Control of Their Digital Assets

The Proof Of Keys Celebration hosted on January 3 is encouraging members from the Bitcoin community to demand and take possession of their bitcoins currently held by trusted third parties. According to the Proof of Keys video uploaded on December 9, 2018, Trace Mayer, the host of the Bitcoin Knowledge Podcast, is keen to make the Proof Of Keys an.

2018-12-13 21:00


Why Popular 2018 End of Year Bitcoin (BTC) Price Predictions Are No Longer Valid

With the Holiday season in high gear, we have less than 3 weeks till we usher in the new year of 2019. Many individuals across the globe are probably decorating their Christmas trees and planning on how they will meet up with loved ones in the next few days as well as for New Year’s […] The post Why Popular 2018 End of Year Bitcoin (BTC) Price Predictions Are No Longer Valid appeared first on Ethereum World News.

2018-12-12 14:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's February prediction - Why traders should watch out for MVRV's dip

Ethereum’s February performance may follow historical bullish trends, but risks are emerging MVRV decline pointed to potential selling pressure, requiring close monitoring for future price moThe post Ethereum's February prediction - Why traders should watch out for MVRV's dip appeared first on AMBCrypto.

XRPL AMMClawback upgrade goes live - Effect on XRP's price will be...

XRPL has introduced AMM pools for Ripple's USD (RLUSD) XRPL AMMClawback enhances the layer-1 network by eliminating traditional order blocks XRPL AMMClawback upgrade goes live After months The post XRPL AMMClawback upgrade goes live - Effect on XRP's price will be... appeared first on AMBCrypto.