Bitcoin anonymity is just a big myth

just like in the trading business, people sometimes say things about bitcoin and the darkweb that are simply not correct.

for example, like we just finished mentioning, some think that you need a drivers license or other identification to buy or sell bitcoin, when this is not correct…

it is true for the common person that wants to establish a wallet service, etc, that yes he will be required to identify himself.

but, if i were to have a piece of paper that had two hundred and fifty six one’s and zero’s on it, for all practical purposes that is a bitcoin and i could sell to another person that piece of paper FOR CASH and no IDENTIFICATION IS REQUIRED. It would then be the buyer’s responsibility to use the bitcoin core to secure those bitcoins properly.

also, another issue that people get wrong is that the TOR NETWORK IS SECURE and that the TOR CONNECTIONS ARE AUTOMATICALLY ENCRYPTED FROM END TO END EVEN IF YOU DONT USE HTTPS.

this is not true and i KNOW THAT THIS IS NOT TRUE because i am in the process of developing a custom webserver in C language that serves up dot onion pages AND I CAN PROMISE YOU THAT THERE AINT NO ENCRYPTION IN PLAY WHEN A REQUEST GETS TO MY WEB SERVER.

my suggestion is that maybe you shouldnt get in the game if you dont have your shoes laced up tight.

also, whoever owns exit nodes has the opportunity to gather bits of information that can be used to figure out where nefarious dot onion server services are located at and what is their true ip address.

the tor network may not be as anonymous as some might think.