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Did you know that all bitcoin transactions are displayed in the blockchain public ledger such that the blockchain team can see all Ballance and transactions so with KYC the annonymity is limited.
isn't this thing already a given? as it is called "public ledger" hence all transactions of a certain address is displayed for anyone to view, other wallets have features for more than one address for increase anonymityDid you know that all bitcoin transactions are displayed in the blockchain public ledger such that the blockchain team can see all Ballance and transactions so with KYC the annonymity is limited.
It is also very possible that they can decode mixer transactions , remember people created that shield called mixer so obviously the anti mixer will be available may be the time is not ripe to reveal it.They can't see people's balance, they can only see how much people send and the origin and destination of the transaction. Again, people can use mixers to enhance their anonymity.
true , some other entity might probably already can decode mixer transactions and just keeping quit to avoid further upgrades in the mixer systemIt is also very possible that they can decode mixer transactions , remember people created that shield called mixer so obviously the anti mixer will be available may be the time is not ripe to reveal it.
The blockchain team will have some certain technology to finish the transaction they might not necessary do it themselves ,and even if its been seen they might not know much about itDid you know that all bitcoin transactions are displayed in the blockchain public ledger such that the blockchain team can see all Ballance and transactions so with KYC the annonymity is limited.
I feel it is possible that they see the amount we have because even bankers have such access in their bankij network so I won't argue if the ledger display such.The blockchain team will have some certain technology to finish the transaction they might not necessary do it themselves ,and even if its been seen they might not know much about it
Every detail of transaction that is needed is available in the blockchain network though lots of information might be encrypted but some of the key team members can still access it.The blockchain team will have some certain technology to finish the transaction they might not necessary do it themselves ,and even if its been seen they might not know much about it
If they can access if then its anonymity is removed already I think after accessing it there might be some private information thats not sharedEvery detail of transaction that is needed is available in the blockchain network though lots of information might be encrypted but some of the key team members can still access it.
That's cool , but who wants to do kyc verification ? , most people hates data especially now that hackers are targeting cryptocurrency .Did you know that all bitcoin transactions are displayed in the blockchain public ledger such that the blockchain team can see all Ballance and transactions so with KYC the annonymity is limited.
It is also very possible that they can decode mixer transactions , remember people created that shield called mixer so obviously the anti mixer will be available may be the time is not ripe to reveal it.
It is a continuous process if they devise another to carry out illegal activities a counter measures will also be found and hopefully some criminals will be caught.When that happens criminals will find a new way to obscure their transaction history. Hackers and cyber criminals have been around since internet was born and yet no security measure can completely stop them.
They can't relax because the concerned companies or agencies can't do but pump to security measures in order to make them have their businesses run smoothly.The fact is that their is a constant tussle between hacking and security counter .
Hackers are on internet and everywhere , and hacking has become their business , so they won't stop or give up easily .
The security counters will also be fighting them , but may relax if not given maximum support .
Agreed, I am optimistic ways will be found to also curb such faking acitivites , technology improves as things get unfold . I believe limitations in annonymity is needed for bitcoin to thriveKYC can be faked easily, i myself know dropshippers that are faking ID's and stuff to run from the suspend on their ebay accounts and paypal limits as well
It's always private until it's not. The harsh reality still remains that the cryptocurrency bitcoin has contributed more than less to market monopoly and this should be applauded!Forget the promises of top notch privacy, depending of the gravity of the situation, your so called "hidden" transactions fade into oblivion.
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