Trending...
- The 2025 ESPY Awards After Party- Presented by Poppi & High Noon
- General Auction Company Announces August 8th Auction- Now Accepting Consignments
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
Bitcoin is not completely anonymous; it is pseudonymous as each user has a public address traceable to an exchange account or IP address through proper network analysis. For ensuring more privacy and anonymity, people have started looking for altcoins as fully anonymous cryptocurrencies. Right now, this is evident through a deep, fair, and frank conversation at Offshorecoprtalk.com, which reveals such alternatives along with justifications or oppositions.
NICOSIA, Cyprus - Californer -- Worldwide: It is true that bitcoin has been acclaimed for its better security than the conventional currencies. Whether the need is for keeping personal transactions private, running a business, or hiding transactions from snooping eyes, anonymity is indispensable. However, bitcoin is certainly not the most anonymous medium for transactions.
With the advent of blockchain technology, Bitcoin's big public ledger became the treasure trove for authorities looking for information regarding transactions that are actually traceable.
This persuaded the creators of a few altcoins to come up with a form of digital currency that ensures anonymity. Tagged as privacy coins, these coins are linked to illicit activities and darknet markets. However, there are many legal reasons to use them for maintaining privacy.
More on The Californer
This has triggered a deep analytical discussion at Offshorecorptalk.com where visitors get to know which are anonymous cryptocurrencies and why they are so. It also reveals some solutions for using cryptocurrency anonymously.
The discussion starts with a question as to whether ZCash is the only anonymous option or not. To this, other users have responded by revealing some more anonymous digital currencies, which are Monero, NavCoin, Pivx, Dash, and Verge.
The forum then discusses whether it is possible to use bitcoin anonymously. Regarding this, questions have been raised on using a VPN and an external server for a Bitcoin wallet.
To this, GiGoGo who is a silver member has replied, "Samurai wallet hides your IP using TOR. There's some VPN that stores your details, so choose one that does not log anything. Do not use Bitcoins purchased by yourself from any exchange that made the KYC. Even with all of that, you can get caught in other ways."
Even the forum moderator has added, "Most often, you want to use VPNs that don't store any information. ProtonVPN is Swiss-based and claims that they do not store information at all. I have tested them for some time and the network they setup is stable. It's a paid service. If Samurai (as suggested by GiGoGo) is using TOR, it may be the best option since it is known that the TOR network has freedom of privacy mindset and is 99% safe."
More on The Californer
Other users including the forum master have suggested using a mixer between wallets. They have also agreed that the coins sent to Kraken, MisterTango, or similar already get mixed. To this, a new user has said, "That is not real mixing because on those services, you have to pass KYC rules, so when some authority asks them, they will provide both the incoming and outgoing transaction details." Another user has further said that even these coins are traceable; thus, it is best to switch to other cryptocurrency or privacy coins.
Sounds interesting, isn't it? Read on for some more solutions at Offshorecorptalk.com.
With the advent of blockchain technology, Bitcoin's big public ledger became the treasure trove for authorities looking for information regarding transactions that are actually traceable.
This persuaded the creators of a few altcoins to come up with a form of digital currency that ensures anonymity. Tagged as privacy coins, these coins are linked to illicit activities and darknet markets. However, there are many legal reasons to use them for maintaining privacy.
More on The Californer
- A Century of Compassion: Butte Humane Society Hosts 114th Anniversary Gilded Garden Gala
- United Set to Hire More Special Olympics Athletes As Customer Service Ambassadors
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- KIDZ BOP RELEASES BRAND NEW ALBUM 'KIDZ BOP 51' FEATURING HITS "APT" & "PINK PONY CLUB"
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
This has triggered a deep analytical discussion at Offshorecorptalk.com where visitors get to know which are anonymous cryptocurrencies and why they are so. It also reveals some solutions for using cryptocurrency anonymously.
The discussion starts with a question as to whether ZCash is the only anonymous option or not. To this, other users have responded by revealing some more anonymous digital currencies, which are Monero, NavCoin, Pivx, Dash, and Verge.
The forum then discusses whether it is possible to use bitcoin anonymously. Regarding this, questions have been raised on using a VPN and an external server for a Bitcoin wallet.
To this, GiGoGo who is a silver member has replied, "Samurai wallet hides your IP using TOR. There's some VPN that stores your details, so choose one that does not log anything. Do not use Bitcoins purchased by yourself from any exchange that made the KYC. Even with all of that, you can get caught in other ways."
Even the forum moderator has added, "Most often, you want to use VPNs that don't store any information. ProtonVPN is Swiss-based and claims that they do not store information at all. I have tested them for some time and the network they setup is stable. It's a paid service. If Samurai (as suggested by GiGoGo) is using TOR, it may be the best option since it is known that the TOR network has freedom of privacy mindset and is 99% safe."
More on The Californer
- California sends more search and rescue crews to Texas
- YourEggs Is Leading the Way in Providing Access to the Best Asian Egg Donors to Families Worldwide
- California: Governor Newsom and Acting Governor Kounalakis honor fallen CDCR Parole Agent
- California sues to stop Trump's politically motivated attack on high-speed rail
- SeedList Launching Institutional Crypto Crowdfunding Project to Empower Retail Investors and Disrupt the VC-Dominated Crypto Fundraising Landscape
Other users including the forum master have suggested using a mixer between wallets. They have also agreed that the coins sent to Kraken, MisterTango, or similar already get mixed. To this, a new user has said, "That is not real mixing because on those services, you have to pass KYC rules, so when some authority asks them, they will provide both the incoming and outgoing transaction details." Another user has further said that even these coins are traceable; thus, it is best to switch to other cryptocurrency or privacy coins.
Sounds interesting, isn't it? Read on for some more solutions at Offshorecorptalk.com.
Source: OffshoreCorpTalk.com
0 Comments
Latest on The Californer
- CelluHeal™ Launches Full Line of Advanced Wound Dressings for Online Purchase in the USA, Canada, and Beyond
- California: Governor Newsom responds to Trump's latest gift to China: Defunding America's only high-speed rail
- California: Governor Newsom announces appointments 7.16.25
- California: Governor Newsom calls on Trump to end Los Angeles militarization, shares community resources
- City of Long Beach to Host Compost and Recycling Ambassador Program
- AMAZON DRIVERS IN CITY OF INDUSTRY JOIN THE TEAMSTERS
- Silva Construction Details Common Home Renovation Mistakes and How to Avoid Them
- Governor Newsom invites LA Fire survivors to continue shaping rebuilding efforts through Engaged California
- DOGUE Magazine and CoverDogs Announce Series A to Redefine Modern Pet Culture
- Voices for Humanity Treks High into the Himalayas to Deliver the Way to Happiness with Meena Sharma
- Nonprofit innovator named Mensa Executive Director
- Following Trump cut to LGBTQ youth suicide hotline, California steps up to fill the gap
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- Swim Up Hill Animation Premieres Pilot Episode of "The Adventure of Swim Up Hill"
- LOS ANGELES TEAMSTERS AT METRO TRANSIT RATIFY FIRST CONTRACT
- Calmwater Capital Funds $22.8 Million Loan to Refinance Retail Complex in Park City
- From Barrio to Transgender Pioneer: Chapter 14 Personal Injustices Faced by the Protagonist
- Blacksmith InfoSec and Liongard Launch Strategic Integration to Simplify MSP Compliance Audits
- Surefox North America & Eagle Eye International Protective Services Announce Strategic Partnership