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Author Topic: [2016-10-25] With TumbleBit, Bitcoin Mixing May Have Found Its Winning Answer  (Read 222 times)
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October 26, 2016, 06:38:13 AM

Bitcoin right now is not really anonymous. Monitoring the unencrypted peer-to-peer network, analyzing the public blockchain or Know Your Customer (KYC) policies and Anti-Money Laundering (AML) regulations can reveal a lot about who is using Bitcoin and for what.

This is not great from a privacy perspective. For example, Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own; similarly, businesses may not want to leak transaction details to competitors.

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I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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