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Author Topic: Privacy in Bitcoin  (Read 679 times)
icewitch0612
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April 15, 2020, 09:16:03 AM
 #81

We can't talk about any privacy in 2020. It's almost impossible.
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April 15, 2020, 09:58:11 AM
 #82

Well, bitcoin does offer freedom, but breaking the rules and fighting against the government is not part of that freedom. We must be wise in addressing this matter, the government set rules there must be a purpose. Understand the rules well, then take advantage of the opportunities given or allowed, so that we can still earn money from crypto and become good citizens by obeying the laws and regulations Smiley

Bitcoin doesn't offer anything that you won't already take, so if privacy's not your thing, if being the sole person in control of your money isn't your thing, then you likely won't take up Bitcoin.

I respect all beliefs, but I would always recommend you question. If you believe that the government sets rules for a purpose, find out what that purpose is, and question it. If you're still satisfied with it, then good for you. If not, seek alternatives.

Self-determination may be seen as a right in our part of the world, but many see it beyond that, as a divine duty to one's self.

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April 15, 2020, 11:36:35 AM
 #83

Try to use monero if you want real privacy. And there are others privacy projects with better than btc privacy too

I wonder why monero  isn't bigger than Bitcoin,in terms of price,global market cap and the amount of active users.If everyone in the crypto world wants complete privacy,why aren't people using monero instead of Bitcoin?

davis196, the issue with cryptocurrency privacy currently is that it is a domain that is changing constantly.

Please be aware that *all* the privatization technologies available in cryptocurrencies today (including Monero, Grin) are broken, maybe with the exception of Zcash which relies on too exotic mathemathics and so ultimately you can never be confident that inflation not has happened unbeknownst to you.

Really private would mean that a third person is unable to reconstruct the transaction graph. The way they are broken is either at the networking level or in the cryptography used e.g. dandelion is broken.

Maybe the most promising research is the Lelantus algorithm.

In other words, Bitcoin with its Lightning is biggest because it's still the strongest, best, most rigorous and well understood technology, so much that there has been no reason to migrate.
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April 15, 2020, 05:07:04 PM
 #84

I think BTC's  main policy is anonymous transaction, i like it and some how good for me for invest. I really don’t want to share who sent me that's my privacy           

I fully support you. I think that no one should be interested in where and why I send my money. This is MY money.
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