07 Jun '13, 9am

New #Bitcoin Article about How private is Bitcoin? On the one hand, it is entirely anon...

New #Bitcoin Article about How private is Bitcoin? On the one hand, it is entirely anon...

How private is Bitcoin? On the one hand, it is entirely anonymous. On the other, it is completely transparent and trackable. How can that be – and what does it mean for privacy? Incumbent Bitcoin exchange Mt Gox recently imposed authentication rules on people trading fiat currencies on its network. The rules – which didn’t apply to people trading only in bitcoins – require people to verify their identities . There may not be any such requirements on native bitcoin users yet, but it highlights the issue of privacy. Many people using Bitcoin don’t want others to know who they are. The question is whether they’re able to hide that information. Bitcoin could be interpreted as a ‘pseudo-anonymous’ network. It is anonymous in the sense that you can hold a Bitcoin address without revealing anything about your identity in that address. One person could hold multiple addresses, and...

Full article: http://www.coindesk.com/how-anonymous-is-bitcoin/

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