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RE: Can Gold & Silver Be Put On The Blockchain?
I am sorry but how can Bitcoin be anonymous? Everybody can look at the blockchain, every transaction is visible. If you know who the people behind the addresses are you can check every transaction made.
Sure that's true. You have to mix your cryptos to get anonymous again. For example changing you BTC into Monero or Zcash and than back to a new anonymous BTC wallet. That's the only way to act nearly anonymous with BTC :)
Ok I get your point. Just took a look at Zcash....So much coins out there :-) . The concept of zero-knowledge is indeed something that can help improve the privacy, but anyway if you want to cash out, you have to use your bank-account again.... Sounds like the cat is chasing it's own tail :-D .
You can use it anonymously or better said, "pseudo-aonymously" or how should i call it?Just buy btc without any trace to your accounts or person, use vpn and maybe not your home internet connection (better to use a prepaid sim) for the transaction! Voila!
Nobody is able to connect this transaction(s) to your real person! It is possible to mix them or to buy monero/ dash and sell them again for btc.
But the best thing is: NOBODY and NOTHING is able to block, delete ,steal or freeze your money. It's all in your responsibility, not the banks or state or someone else, it gives us the power back!
Yeah I would say "pseudo-anonymously" is the right word. I am aware about the concepts of hiding your IP-Address and stuff because I am a computer scientist but tell me how are you able to make a really anonymous transaction from Fiat currency to Bitcoin i.e. as it always includes a transaction from you bank-account. I am really new to this whole crypto stuff, so apologize my lack of knowledge.