Claiming Bitcoin is anonymous is indeed a common mistake, which I didn’t make.
Pseudonyms can help provide privacy, the issue is that those pseudonyms are permanently tied to Bitcoin wallets. Making a transaction with an exchange or seller while providing a full identity allow that exchange to trace all transactions and reassociate identities.
You do make good point, Bitcoin’s use of permanent pseudonyms is another reason why Bitcoin isn’t useful for daily private payments.
Privacy on a ledger requires anonymity, I think you understand that and therefore why I addressed both. The pseudonymity of bitcoin is incidental to the technology, not even that was intended as a privacy aid and even the whitepaper points out this discrepancy. Your representation of bitcoin’s original intentions aren’t accurate, but are a common misconception that I assume arose from cryptocurrency’s “killer app” (Darknet markets).
Claiming Bitcoin is anonymous is indeed a common mistake, which I didn’t make.
Pseudonyms can help provide privacy, the issue is that those pseudonyms are permanently tied to Bitcoin wallets. Making a transaction with an exchange or seller while providing a full identity allow that exchange to trace all transactions and reassociate identities.
You do make good point, Bitcoin’s use of permanent pseudonyms is another reason why Bitcoin isn’t useful for daily private payments.
Privacy on a ledger requires anonymity, I think you understand that and therefore why I addressed both. The pseudonymity of bitcoin is incidental to the technology, not even that was intended as a privacy aid and even the whitepaper points out this discrepancy. Your representation of bitcoin’s original intentions aren’t accurate, but are a common misconception that I assume arose from cryptocurrency’s “killer app” (Darknet markets).