The common saying is that Bitcoin is an anonymous cryptocurrency. Some may think that it is even as anonymous as real cash. There are many articles and even self-appointed experts saying that Bitcoin is “anonymous”. I think that most people come to this conclusion because Bitcoin is indeed used in black markets. Bitcoin is used to sell and buy drugs, weapons, and even contract killings in the darknet. Yes, this is definitely not the brightest side of Bitcoin. Unfortunately, complete anonymity is with the current use case of Bitcoin not possible.
(more…)Tag: Blockchain
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Bitcoin is not as Anonymous as you Might Think
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5 min read
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Introduction to Bitcoin and the Blockchain
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5 min read
Read an updated and more detailed version of this article here.
You believe that you don’t have any use for the term “cryptocurrency”? Well, you probably have. Bitcoin is currently the largest cryptocurrency when it comes to market capitalization and popularity. Now you might say: Yeah, Bitcoin is the thing you use for buying drugs and weapons on the internet. But Bitcoin is much more than an anonymous way to pay digitally. You can see Bitcoin more as a technology which might substantially impact our future – in a pretty positive way.
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