I’ve been told the difference between privacy and anonymity in Bitcoin is: Anonymity = untrackable and Prvacy = undisclosed but trackable. Can you elaborate on the details of each of these meanings? For instance, trackable by whom? And undisclosed to whom? HOW is it tracked? etc
Anonymity = No accountability for your actions you have no reputation.
Privacy = No need to disclose your actions unless it’s required.
Pseudo-Anonymity = A hybrid, effectively private but if you do old fashioned detective work you can follow the money eg. in crime.
Bitcoin = Pseudo-Anonymity. You can almost be anonymous but you leave a digital money trail that can be tracked by anyone on the blockchain. It’s a function of bitcoin’s design. It’s the feature that allows us to know the money supply is not being tampered with.
Anonymity
-describes situations where the acting person’s/objects/places name is unknown
Privacy
-ability of an individual to sucludes them or information about them and thereby express them selectively
Anonymity is traceless and keeps the user faceless (without an identity).
Privacy allows the user to pick and choose what is being shared, but the user is not necessarily trying to be “faceless”. This gives the user the ability to own and control their data more and to even be given something in return for giving information about themselves that they might otherwise want to keep private. Think about this as being more transparent for users and application hosts. When using an app on your phone that is “free” through Google Play, you are trading so much data about yourself, most of which you are not even aware of. For example, you do not have privacy when constantly being monitored by Facebook.
Privacy = You’re accountable for your actions but you don’t need to disclose them.
Anonymity = untrackable by EVERYBODY
Prvacy = undisclosed but trackable at EVERY transaction.
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