this post was submitted on 23 Aug 2026
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Buttcoin
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Isn't it more of an "obfuscation" thing? Maybe not anonymous but if you don't know who the owner of a certain wallet is that has a transaction visible, then what use is that information for you? Or do you have to register wallets somewhere, I haven't looked into this for like a decade or longer and I faintly remember not having to provide anything for a wallet.
You don't have to provide anything to make a wallet, but you do have to give banking details to whomever you buy the tokens from, and as of the boom a few years ago, any exchanges that don't want to be cut off from the global banking system will be as thorough about verifying and retaining data about your identity as any other regulated bank. Proper obfuscation would require something like buying Bitcoin for cash on the street and doing some prosecutable money laundering for good measure.
that was the standard retort to "BTC isn't anonymous" back in the day - just find someone on "Local Bitcoins" and pay a 20% surcharge to get coins from a dude on a street corner