Re:The Bitcoin Report 2 [pdf]
by Nursie on Friday April 12, 2013 @05:28AM
(#5537420)
It's not really anonymous though, transactions are publicly recorded for all time. It's also not 100% frictionless. There are fees and though they are currently low, they are there.
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Re:The Bitcoin Report 2 [pdf]
by matthew-wegner on Friday April 12, 2013 @01:24PM
(#5539847)
I know there are transaction fees. I meant friction as--once you have BTC in a wallet, you are absolutely free to spend them as you wish. There is no way for anyone to prevent a transaction.
Bitcoin addresses are public but anonymous. But yes, you can analyze the public ledger to tie known data (publicly-posted donation addresses, etc) to try to de-anonymize someone. There are coin tumblers/mixers in place in some markets, although it's hard to tell how effective they are.