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Newbie Question About Privacy
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Hi everyone,
I’m still pretty new to Bitcoin and I’ve been wondering
something about privacy. If Satoshi designed Bitcoin to be
anonymous, then why should the government have any business
knowing what I’m doing with my coins?
I mean, Satoshi is (supposedly) sitting on hundreds of
Bitcoins and nobody knows who they are. If that’s possible
for them, then shouldn’t I also be able to hold and use
Bitcoin without anyone looking over my shoulder?
Also, I’ve seen people talk about Monero. From what I’ve
heard, everyone already knows the only real reason to use
Monero is for tax evasion. If that’s the case, then why
wouldn’t Bitcoin just work the same way? Am I missing
something obvious here?
Sorry if this is a dumb question, but I’m trying to
understand where the line really is between privacy and
regulation when it comes to Bitcoin.
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not a dumb question at all... bitcoin wasn’t really made to be fully anonymous it’s more like ( pseudonymous ) every transaction is public on the blockchain but your real name isn’t there unless you connect it somehow ( like using exchanges or giving info )... satoshi’s coins are hidden because the address isn’t linked to a real identity not because bitcoin is invisible
governments care because money touches taxes, crime & financial rules.. that doesn’t mean bitcoin failed its purpose, it just means the system is open to anyone while each person chooses how much they reveal... monero was built for full privacy bitcoin wasn’t
the point isn’t avoiding oversight completely.. it’s having money that no single group can control.. privacy exists but it’s not absolute |
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[Closed] - Topic closed for privacy and security.
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Would Bitcoin survive through offline solutions like mesh networks and satellites, or would it completely halt?
if the internet went down worldwide for a week bitcoin wouldn’t die.. it would just pause and people could still trade p2p with things like mesh networks or satellite links but the big flow of transactions would slow a lot... once the internet comes back the network would catch up & sync.. so it’s less about ( ending ) and more like bitcoin taking a forced break |
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Just a fortnight ago, a Whale saw an opportunity in the ETH dip and decide to buy over a 100k ETH and stake them all at $4.1k; another sold his BTC and opened a long position for ETH on an exchange. Then suddenly the floodgates opened and more Whales began "dumping" to buy more ETH. Any obvious reason for the flow of liquidity into ETH? Be my guess!
While others were busy analysing the market, these guys acted promptly. Put that into perspective now; ETH has since reach a new ATH since then and hasn't returned to that "bottom" after those moves.
that’s the difference between watching the game and playing it.. the whales didn’t wait for perfect charts or endless debates, they trusted their conviction and moved fast.. analysis has value but in moments like that, action speaks louder... eth’s rally shows that sometimes timing & courage matter more than perfect predictions |
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Ethereum have witnessed an all time high price today and same day that bitcoin hard a major drop off of it price which sent alot of cryptocurrency market speculators into fear of futher market decline. Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around, this make be to ask if Ethereum is going to have a better chances of moving the bull market independently of the bitcoin own ways.
ethereum is showing more strength lately but i think it’s too early to say it will fully move on its own without bitcoin.. the market is still connected but what’s different now is ethereum has real use cases like defi & staking that keep demand alive even when bitcoin slows down.. so maybe this season we will see it acting more independently but it will still be influenced by bitcoin’s direction |
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I have observed that ripple has not moved much recently. Other altcoins like solana are moving very fast. So, is an investment in ripple expected to give more returns compared to all the other altcoins in next bull run ?
i think ripple is a different kind of bet compared to solana and other fast movers... solana & similar coins are driven more by community excitement so their price swings are faster.. ripple on the other hand is tied to banks, legal battles & slow but steady adoption.. if it wins more clarity in regulations it could see a strong run but maybe not in the same explosive way as some other coins.. it’s less about quick hype and more about whether ripple’s long term use case with financial institutions takes off.. so it might benefit in the bull run but not necessarily ( the most ) |
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that move makes sense for the stablecoin issuers but it could really change the game.. if usdt & usdc lock users into their own blockchains then a lot of the daily activity on ethereum, tron, solana and even bnb chain could shrink since most people don’t hold those coins for themselves but just to move stablecoins around.. at the same time it might backfire because people also like having stablecoins on open networks where they can plug into defi, nfts and other tools... if they wall themselves off too much they risk losing the network effects that made them big in the first place
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UTXOs continue to grow over time, some even remaining untouched for years. If one day these "dead UTXOs" become a burden on the network, might the Bitcoin protocol need its own mechanism to delete or even destroy old UTXOs? Or could the existence of these "ghost UTXOs" hold the key to creating a new kind of privacy, or perhaps even a hidden signal from Satoshi himself in the future?
that’s interesting way to look at it.. i think ( ghost utxos ) are less of a threat and more of a reminder of bitcoins nature.. they show us that value can sit quietly for years.. almost like digital fossils in the chain.. instead of deleting them maybe they serve a purpose like proof that not all money has to move to have meaning.. whether it’s lost coins, forgotten wallets or someone deliberately holding, these utxos add mystery and scarcity at the same time.. if anything, they make bitcoin more like a living history book than a system that needs cleaning |
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Today, while watching the predictions of various big businessmen about Bitcoin, one thing occurred to me - the price of Bitcoin will be one million, but before I thought it was a matter of time, but my research says that it is possible to have 2 million within two years not one million, and it is really possible. According to the international media or business magazine Forbes, there are a total of more than 3,000 billionaires in the list of The World’s Billionaires 2025 around the world. According to this report, the combined wealth of these billionaires is about $16.1 trillion. If only 100 people buy 90% of the total circulation, then its price can be 2 million. Total supply Bitcoin = 21,00,000 and total 90% of circulation = 18,900,000 BTC
Let's say,
Price per Bitcoin = $100,000 (although the round figure has been taken to facilitate the calculation due to price fluctuations) then if you calculate 1.89 trillion USD will be the total price of 90% of Bitcoin. If the total amount of this price is calculated and divided among 100 people, then each person will cost only 18.9 billion USD. Which is not impossible for investors like them. we know that when so many BTC are bought together, the price will skyrocket, but even then I think it is not impossible. Now my question is: 1. Is it possible, 100 (or a certain number) billionaires buy 90% of the total circulation? If it is possible then 2. Will Bitcoin be able to maintain its decentralized position? Or will it be played by a small number of people like current fiat currencies?
that kind of idea looks simple on paper but in reality bitcoin doesn’t work like buying apples in a store.. most of the circulating coins are held by millions of people who don’t want to sell or will only sell at crazy high prices... so even if 100 billionaires put their money together they wouldn’t really get 90% and the supply just isn’t liquid like that
and even if a group managed to grab a big chunk.. bitcoin has one special thing fiat doesn’t: it’s transparent... everyone can see the addresses, the movement & the concentration.. if a small club tried to ( play ) the system the rest of the world could fork, build around them or simply refuse their influence.. decentralization is more about the rules and the network than who holds how many coins
so it's possible on math.. almost impossible in reality.. bitcoin's design makes sure it can’t easily be captured like fiat |
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[Closed] - Topic closed for privacy and security.
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With scaling solutions like Lightning maturing post-2024 halving, we’re seeing Bitcoin’s ecosystem expand beyond speculation into practical use cases—think coffee payments, cross-border tips, or even IoT device micropayments. But mainstream adoption still lags and is falling behind.
Have you started using BTC for small daily transactions via Layer 2? What’s the biggest hurdle: UX friction, merchant adoption, or trust in stability?
Let’s discuss real-world wins ( or fails)!
i have tried using lightning for small payments like coffee and it feels exciting but a bit awkward.. sometimes connecting the channels or waiting a few seconds feels weird for daily use.. i think the biggest hurdle right now is merchant adoption and most places still don’t accept it so it’s hard to actually spend.. trust is also there but people need smoother apps & clear steps.. once that improves i think small bitcoin payments could really take off |
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This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.
i totally agree... young people are thinking smart about their money.. banks don’t give much return so bitcoin & crypto feel like a way to actually grow their savings and take control of their finances |
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There a large FUD coming for AI tokens initiated by failures of AI companies. The effect would be prominent on AI stocks but would also create a crash in AI related crypto tokens and give a downtrend to whole crypto market.
Sell your AI tokens as it could be a good time to buy bitcoin and other alts at cheap price. Bitcoin could even go below 100k.
i get your point but i don’t think panic selling is always the smart move.. fud comes and goes and markets usually overreact in the short term.. AI tokens might drop.. sure but that also means some could bounce back even stronger if the tech proves real value.. bitcoin is safer long term but i would rather balance than just dump everything at once.. i do believe that sometimes patience beats fear |
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I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?
i think the real difference isn’t about fast or slow it’s about purpose... if you spend fast but on things that build you up or make life easier it can still be smart.. if you spend slow but only to waste it later it’s no better.. money is like energy.. you can burn it quick or save it up but what really matters is what you turn it into |
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Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
i don’t think bitcoin is only for the rich it’s more about how people look at it... you don’t need to buy a whole coin and you can start with a small amount just like saving little by little.. yep fees & hype sometimes make it look like it’s only for big players but the technology is open for anyone who wants to use it.. in the end it’s not about being rich and it’s about being early and willing to learn |
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I believe that sometime in the future, perhaps within the next 5-10 years, Bitcoin's role will begin to shift from being merely a speculative instrument to becoming a decentralized financial infrastructure. At the protocol level, this efficiency will increase through the adoption of taproot and layer-2 optimizations, perhaps like the Lightning Network, which will open up opportunities for low-cost, real-time transactions and potentially global scale. Modern integrated payments, open APIs, and user-friendly non-custodial wallets will make Bitcoin more compatible with the needs of the digital economy.
On the other hand, the influx of institutional capital through ETF and custodial platforms will strengthen Bitcoin's position as a digital store of value, in line with the current trend of asset tokenization and the penetration of CBDC. And network resilience is supported by node decentralization, increasing hash rates, and flexible market-based transaction fees.
As someone who enjoys analyzing and studying technology, I feel that these dynamics, along with the ever-evolving regulations, have led me to believe that Bitcoin has great potential not only as digital gold, but also as a foundational layer for transactions, value settlement, and global financial innovation.
what do you think about it?
i like how you connected the technical side of bitcoin with its economic impact... i think the shift from speculation to real world utility is really where things get interesting.. things like taproot, lightning network & better wallets could actually make bitcoin usable for everyday transactions not just as a digital gold.. at the same time institutional adoption could give it stability which helps people trust it as a store of value.. the tricky part will be how regulations & network growth play together.. if done right bitcoin could really become a backbone for global finance not just an investment asset |
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If hardware wallets became unusable, would confidence in Bitcoin weaken, or would people adapt with new storage methods? Is this even a possibility ?
bitcoin doesn’t depend on hardware wallets to exist... they are just one of the safest ways people use today to protect their coins.. if all hardware wallets stopped working tomorrow people would just fall back to other options like paper wallets, mobile apps, multisig or even new types of devices that would come out quickly.. bitcoins strength is in its network & rules not in one specific tool.. it might cause some short term confusion but long term people would adapt |
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 Image from X.com I know we have discussed this issue many times and many people are skeptical for many reasons such as the great powers like the US, EU or China...will not agree and let that happen. They want their national currency to dominate in global reserves and trade because that is how they rule this world. But today I want everyone to look at this problem from a different perspective, and we will see that it is more feasible than we think. Let us look at the world today, when geopolitical instability is becoming more tense than ever, a multipolar world and a new order are gradually taking shape. In a world where nations are losing trust in each other and everyone wants to dominate the world. They do not want to hold other countries' currencies and that is why the demand for gold has skyrocketed in recent years as central banks are trying to accumulate gold instead of currencies like the USD. This is clearly a huge opportunity for Bitcoin and the Bitcoin era is coming. Due to its decentralized nature, it is arguably the perfect solution that the multipolar world needs. An asset/currency that is not controlled by anyone, easy to trade, store without permission or fear of confiscation or freezing. Most importantly, it solves the problem the world is facing, which is that the world does not need to trust any country and fear that one day they will become dictatorial and abuse power. Therefore, once the multipolar world becomes more evident, even if superpowers like the US and China do not like Bitcoin, they will have to accept it because there is no more effective solution. THAT is why I believe Bitcoin is inevitable. 
what i can see happening though is bitcoin becoming a kind of ( neutral settlement asset ) between countries or companies that don’t fully trust each other... not every central bank will store it like gold but it could play a parallel role in trade & finance because no single government controls it
so maybe not ( the world’s reserve currency ) in the classic sense but more like a global alternative tool that becomes too useful to ignore |
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You know it’s that time again when a new project shows up waving the “Layer 2” flag and whispering sweet nothings like “Bitcoin security meets smart contracts.”
This time, it’s BTR (Bitlayer), claims it’s EVM compatible, riding on BTC’s reputation, and offering devs some magical hybrid between Ethereum and Bitcoin. Basically like taping Vitalik's brain onto Satoshi’s skeleton.
Look, not here to throw shade. But you’ve gotta admit, haven’t we danced this dance before?
There’s always some “this time it is different” project, usually full of hypes, maybe one slick diagram, and a roadmap that says, Q4, Revolutionize everything. Meanwhile, most of them barely make it past mainnet without going quiet.
Curious if anyone’s done a proper look yet? I can’t tell if BTR is actually trying something new or just remixing the same tune with a shinier logo, what are your thoughts?
i get what you mean... every few months we see ( bitcoin + smart contracts ) project show up with big promises.. some fade out fast & others at least push ideas forward.. for me the real question is whether bitlayer is adding something that bitcoin itself can’t already do or if it’s just another copy of ethereum with a bitcoin sticker on it.. if they can prove there’s real demand from devs and users maybe it sticks but until then it feels like we should stay cautious and watch how it plays out |
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Not sure about the sentiment in the market right now especially the current massive sells happening. Seems lots of whales are taking profits even when the odds of a possible rate cut in september is high at the moment.
A lot of options am considering right now are really "hilarious":
1. Buying the dip and staking them
2. Sniping memcoins (highly risky and costly)
3. Buying and staking stablecoins until market show signs of bulishness
What do you think?
right now the market feels like it’s mostly about patience... jumping on memecoins or chasing dips can be exciting but stressful so i’m thinking of a mix ( scalping for quick profits, buying coins at rare support levels & staking stablecoins while waiting for clearer bullish signals.. it feels like a balanced way to stay active without taking unnecessary risks.. it's not a financial advice ( always dyor & trade at your own risk ) |
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