That's the reason bitcoin was created - Peer to Peer Transactions.
A person A can send Bitcoin directly from address 1 to another person B at address 2
The transaction is reported to the system and if the keys are correct the transaction is marked valid and is incorporated into a block. When that block is processed it is added to the chain and broadcast to over 15,000 nodes each of which maintain a copy.
There is no identifying information in the blockchain. Only that X amount of bitcoin was moved from address 1 to address 2.
It is unfortunate that people don't understand how it works and use unecessary third party exchanges who add an uneccessary level of processing and collect personal information not nedded for the transaction.
the identifying information is that x amount of coined changed hands from this wallet to that wallet, thats all the information you need to make it completely and entirely trackable, the us government has even done this in the passed and used it as evidence in court
here is a thread that took a whole 10 seconds to find, note all the people who own bitcoin talking about how its easily trackable, its even public information and its damn near impossible to hide your identity if you use the account
now lets just track back to that guy being a filthy liar and likely shilling bitcoin to try and regain some of his loses after losing all his money buying high
this is what he claim bitcoin can do
Long distance payments without getting censored, funds seized, funds robbed, or waiting for days.
Market valued asset (fiat is communism)
A store of value which you control, in fact the only digital store of value you can control
Privacy and anonymity, why don't you wanna make digital payments without the government knowing about it?
well lets just cut out all the of stuff that is untrue
Long distance payments without getting punished unless of course your government chooses as they know who you are and likely who send you the money, you can get the money quickly but only if you sign up to an exchange which requires photo ID
A store of value which is more volatile than any other store of value and you cant easily sell them with out signing up to an exchange which requires photo ID
"Privacy and anonymity, why don't you wanna make digital payments without the government knowing about it?" im leaving that bit in for effect, now if you are a reasonable person and you checked that thread by this point you know as well as i do that this guy is a dirty stinking liar and you are defending him saying he is not a liar.
The Information that X amount changed hands from wallet to wallet is not on the blockchain. The blockchain records amounts moving from address to address which is a very big difference. But that shows you do not really understand how bitcoin works.
anybody making the statement that a blockchain entry of just an amount makes it completely and entirely trackable and identifiable just shows that they are completely out of touch with reality.
I am not going to hold my breath waiting for you to cite an actual courtcase when the US Government used a blockchain entry for an amount as evidence in a "passed" court case, as you claim.
That bitcointalk thread of someone saying "Hey you know if you give your personal info to an exchange and have them do bitcoin transactions for you then they can track what you are doing" is funny as hell.
At least the light bulb is starting to flicker for some people. But that does not have anything to do with the bitcoin protocol.
There are over 240,000 bitcoin transactions done everyday, many of them according to the original protocol, quickly and anonymously without exchanges involved.
Its just an entry in a database but the net effect is moving bitcoin from one side of the world to the other side instantly.
And really if for some reason someone wants to convert bitcoin to dollars a smart contract is easily set up easily to do it automatically. A certain amount of bitcoin can be transferred from address A to Address B, while at the same time a certain amount if dollars can be transferred from one bank account to another and no government would be able to link the two events at all.
You must not be from the United States you still.have that serf owned by someone mentality.
We had a revolution in this country that established a mindset that the government serves us,it works for us not vice versa. The idea that we have to constantly ask government's permission and report everything we do is not part of that all.
anatidaephobia is not a liar.
That's the reason bitcoin was created - Peer to Peer Transactions.
A person A can send Bitcoin directly from address 1 to another person B at address 2
The transaction is reported to the system and if the keys are correct the transaction is marked valid and is incorporated into a block. When that block is processed it is added to the chain and broadcast to over 15,000 nodes each of which maintain a copy.
There is no identifying information in the blockchain. Only that X amount of bitcoin was moved from address 1 to address 2.
It is unfortunate that people don't understand how it works and use unecessary third party exchanges who add an uneccessary level of processing and collect personal information not nedded for the transaction.
the identifying information is that x amount of coined changed hands from this wallet to that wallet, thats all the information you need to make it completely and entirely trackable, the us government has even done this in the passed and used it as evidence in court
https://bitcointalk.org/index.php?topic=358986.0
here is a thread that took a whole 10 seconds to find, note all the people who own bitcoin talking about how its easily trackable, its even public information and its damn near impossible to hide your identity if you use the account
now lets just track back to that guy being a filthy liar and likely shilling bitcoin to try and regain some of his loses after losing all his money buying high
this is what he claim bitcoin can do
Long distance payments without getting censored, funds seized, funds robbed, or waiting for days. Market valued asset (fiat is communism) A store of value which you control, in fact the only digital store of value you can control Privacy and anonymity, why don't you wanna make digital payments without the government knowing about it?
well lets just cut out all the of stuff that is untrue
Long distance payments without getting punished unless of course your government chooses as they know who you are and likely who send you the money, you can get the money quickly but only if you sign up to an exchange which requires photo ID A store of value which is more volatile than any other store of value and you cant easily sell them with out signing up to an exchange which requires photo ID
"Privacy and anonymity, why don't you wanna make digital payments without the government knowing about it?" im leaving that bit in for effect, now if you are a reasonable person and you checked that thread by this point you know as well as i do that this guy is a dirty stinking liar and you are defending him saying he is not a liar.
The Information that X amount changed hands from wallet to wallet is not on the blockchain. The blockchain records amounts moving from address to address which is a very big difference. But that shows you do not really understand how bitcoin works.
anybody making the statement that a blockchain entry of just an amount makes it completely and entirely trackable and identifiable just shows that they are completely out of touch with reality. I am not going to hold my breath waiting for you to cite an actual courtcase when the US Government used a blockchain entry for an amount as evidence in a "passed" court case, as you claim.
That bitcointalk thread of someone saying "Hey you know if you give your personal info to an exchange and have them do bitcoin transactions for you then they can track what you are doing" is funny as hell. At least the light bulb is starting to flicker for some people. But that does not have anything to do with the bitcoin protocol.
There are over 240,000 bitcoin transactions done everyday, many of them according to the original protocol, quickly and anonymously without exchanges involved. Its just an entry in a database but the net effect is moving bitcoin from one side of the world to the other side instantly.
And really if for some reason someone wants to convert bitcoin to dollars a smart contract is easily set up easily to do it automatically. A certain amount of bitcoin can be transferred from address A to Address B, while at the same time a certain amount if dollars can be transferred from one bank account to another and no government would be able to link the two events at all.
You must not be from the United States you still.have that serf owned by someone mentality. We had a revolution in this country that established a mindset that the government serves us,it works for us not vice versa. The idea that we have to constantly ask government's permission and report everything we do is not part of that all.