[2016-04-18] Privacy Enhancing Techniques To Use Within The Crypto Ecosystem

[smashbtc]

Preventive measures must be employed by internet users, especially within the crypto ecosystem, to conquer existing threats to personal privacy. CoinTelegraph has collected the most important ones.


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[Kakmakr]

This is the best advice they could have given us, " Lastly, we consider the strict "Know Your Customer" (KYC) regulations put in place by practically all crypto/fiat exchanges. One should never send funds to such exchanges directly from an address that carries the bulk of your funds, as the remainder of the funds would be probably belonging to you. Do you really want the exchange (who is beholden to regulators) to know the full extent of your holdings? ”

I would also add the use of trusted mixer services to hide your transaction footprint on the Blockchain. You are never 100% private, but you could be, if you use the basic guidelines posted on this site. The pseudo anonymity of Bitcoin will only protect you from the ordinary inquisitive people, not from specialist agencies and experienced hackers.