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Bitcoin transaction not private after all huh ?

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There was a topic in stake which actually surprised me a lot. These all years when i thought my bitcoin transactions were private and anonymous it seemed like it was completely not and was all fake news and which is sad but still okay.

So here is the article : 
https://forum.stake.com/topic/21811-so-you-thought-your-bitcoin-transactions-were-private

So these many times when bitcoin or crypto people said that bitcoin was completely anonymous it seemed like it was just a fake news well it is anonymous but not like that too anonymous thing like thing.

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Nope, the transactions are not private. Remember that the blockchain is open source, and transactions are stored in a public ledger, so knowing that, you can simply track each wallet address and see what has gone in and out of each wallet.

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Bitcoin transactions as they say are pseudo-anonymous. There are mixers which help adding more randomness to transactions but they can still be traced by blockchain forensics. Use of multiple addresses is another way to prevent tracking. Altcoins like Monero is again not allowing the viewing of amounts sent so that is another privacy feature though not related to bitcoin.

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Bitcoin is not completely anonymous. With careless handling, the identity of the coin holder can be identified by tracking the blockchain registry.

The problem of the pseudo-anonymity of the majority of cryptocurrencies began to solve many developers. Already, there are many anonymous cryptocurrencies that work on a more advanced algorithm, breaking the link between the sender and the recipient. In other cryptocurrencies, users should take care of their privacy.

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They are not private in terms of developers and those with the knowledge to track them down.

In the eyes of many newbies they wont be so easy to track / decode and look alike they are untrackable / untraceable.

Therefore you can asume they are both private and public ;)

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There are thousands of wallet addresses created every day, how do you know whose wallet address you see? If you do not publish your wallet address, how does someone know that it is your wallet?

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Also another thing i have heard that after the great NEM hack that had happened any of the coins that were trying to be sold in the exchanges of the countries would just get delisted so that is another way of knowing that it is not private. But it was for NEM but still the same applies for Bitcoin. 

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21 hours ago, natypol said:

There are thousands of wallet addresses created every day, how do you know whose wallet address you see? If you do not publish your wallet address, how does someone know that it is your wallet?

The company that has your addresses might provide to Court if requested and if the law mentions it.

Even TOS might consider them and you that's why you should read them from the exchangers or wallet providers.

It's easy to track money from specific addresses. Just need to get a nice algorithm ;)

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Bitcoin is not anonymous, but, pseudo-anonymous (can use an alias). Now, most veteran Bitcoin (old players) know this. Many people do not know this, however, why Bitcoin is not made completely anonymous by default, and what efforts are made so that Bitcoin users remain de-anonymized (what can be done anonymously) and what Bitcoin users can do to win return their privacy.

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Do you mean your Bitcoin transactions such as transfers and withdrawals or your investment operations I have seen that many platforms and sites display the addresses of the portfolios that registered and withdrawn and the amounts withdrawn from those platforms and therefore are not unknown and can be seen by anyone

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