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Author Topic: Why is it important to maintain confidentiality in Bitcoins.  (Read 328 times)
shield132
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April 25, 2021, 07:23:13 PM
 #21

I think people stick bitcoin the label that it doesn't have. Bitcoin wasn't created to protect your privacy, it was created to get rid of 3rd parties during the payment process, am I right or did I misunderstood something? (In the past, yeah, I was saying it's for our privacy but, it was just a popular phrase).

None bank protects your privacy, also none crypto debit card provider, none crypto exchanger and none digital wallet. All they care about is how to use your information for marketing purposes, users are just numbers and statistics for them.

For privacy, you have to choose other coins like Monero for example but it's not perfect too.

Also, you can't store money in bitcoin unless you are a billionaire, it's price is constantly moving up and down and frequently you'll see a significant change on your balance.

Also, if you seriously protect privacy online, what do you do offline? Cameras see and record where/when you go, what you do, what you buy, where you buy, etc... There are a lot of things that you have to consider if you really want to remain as anonymous as possible, otherwise you are creating your fantasy and lying yourself.

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