Privacy isn't an option but a Neccesity

[Ambatman]

This reminded me again about the dangers one is facing when they are making a transaction
Without privacy in place.

Some keynotes I would add.

1. The pseudonymous of Bitcoin means nothing if your address is linked to your real life character

2. Separating your funds means nothing if you are going to make a transaction between them because the blockchain is transparent.
People can track your transactions.

3. LN gives some level of privacy globally thanks to onion routing but not with your peered.

4. Transferring to a CEX can break linkage but your info are saved and you run the risk of your funds been confiscated easily.
Mind you they own your KYC.

5. Learn Coin control so you can freeze UTXO from dust attack which usually affects privacy

6. Bitcoin isn't anonymity but pseudonymous.

7. Don't have the mindset that privacy is only important to big holders.

[Churchillvv]

It’s crazy how it’s becoming a norm to ignore privacy as it been attacked to an extent that people will just let themselves run into the risk that bitcoin in the early days used to represent.

Apart from stablecoins without proper privacy of your transactions you will have all your information over the place just by making a transaction and this is the desire of every government so they can track you at anytime and still make them have total control of everyone. If you avoid your transaction from showing how much you have by using CEXs you will run into the danger of losing your coins if anything happens especially when it relates to privacy matter like using a coinjoin or something that hides your identity.

I’m really pissed with the level which we have reached with the vulnerability of our information.

[Hatchy]

Alright, "Centralized systems" anytime I hear about keeping our privacy I just wonder how we can when almost all privacy tools we have today is been monitored. Bitcoin was never made to be fully private, it only gives you anonymity since your identity isn't tied to your wallet address. But hell yeah, you still get caught by the hook when making use of centralized platforms and literally everything we have these days are going fully centralized.. even if they claim not to be, one way or the other, either at the end point it still connected to a third party. Gone are the days where people see privacy as priority, now it's becoming a thing of the 1st world.. not that any one cares anymore

[Amphenomenon]

An reason to remember there are people who can never mind their business and thereby invading others privacy.

Sometimes what we consider as nothing much others might consider it as life changer and that aside even if  we co.sider it same, it's not their job to speak about it.

It's for us to find something that's really feasible for us and implement in keeping our privacy safe offline and online, which are really important.

For me I have often been skeptical with those I do peer to peer transaction, in order to avoid getting similar comments. This guy has such amount of money or has done a trade of some huge amount with me and I hate that, although not all hate that until they are aware of the risks and might become victimised before they can understand it sadly.

[Charles-Tim]

5. Learn Coin control so you can freeze UTXO from dust attack which usually affects privacy

If you received UTXO 1 on address 1, UTXO 2 on address 2 and so on, you may want to also use coin control to independently spend the coins. Example is to use coin control to spend just only UTXO 1 without touching the other UTXOs.

Having more than one wallet is also good. Each wallets for their own different purposes.

Mixers, coinjoin and the less privacy payjoin are also what those that wants privacy need to learn and understand.

[KingsDen]

The image stated a problem, while your writeup below it is giving solution for another thing. The problem is USDC while the solution is for bitcoin. I would have suggested a mixer if it was for bitcoin.

So, as noted above... Users should try not to link their address to their real life identity.

Secondly, try not to reuse an address . It is a basic help.

[notocactus]

This reminded me again about the dangers one is facing when they are making a transaction
Without privacy in place.

The person was carelessly and use a same or a big wallet for paying salary to his staffs or oursourced. It's bad practice as using a same wallet, a same address for everything is bad for your privacy on any blockchain.

I would like to store my coins in one wallet as my big fund storage. It's for my personal storage like long term holding for example.
Another wallet can be used for trading.
Another wallet can be used for business.
Use change addresses.

This way will help you avoid unnecessary eyes and their curiosity on how much you have in your wallet or how rich you are.
Bitcoin privacy [Guide].
General guidelines for sending BTC transactions.
Bitcoin privacy resources.

[bitmover]

6. Bitcoin isn't anonymity but pseudonymous.

This situation hardly would happen to btc.

All those ethereum copy cats allow you to have just one address per wallet.

Bitcoin wallets generate one new address per transaction,  so you end  up with lots of addresses  and different balances in each.
But yeah, people must be aware  of what they are exposing when transferring money

[avp2306]

This reminded me again about the dangers one is facing when they are making a transaction
Without privacy in place.

The person was carelessly and use a same or a big wallet for paying salary to his staffs or oursourced. It's bad practice as using a same wallet, a same address for everything is bad for your privacy on any blockchain.

I would like to store my coins in one wallet as my big fund storage. It's for my personal storage like long term holding for example.
Another wallet can be used for trading.
Another wallet can be used for business.
Use change addresses.

This way will help you avoid unnecessary eyes and their curiosity on how much you have in your wallet or how rich you are.
Bitcoin privacy [Guide].
General guidelines for sending BTC transactions.
Bitcoin privacy resources.

Correct and he's been watched now by those people knows his address. Kinda risky for his security knowing that those people he deal with before might think about doing harm just to get those balance in his personal wallet.

So its really best to use separate addresses on each transactions he do to avoid exposing much his self to any people including those criminals online.

Also aside to your suggestion maybe instead of dealing with USDC he better look for privacy coins to use for his future transactions to avoid getting tracked easily.

[Mpamaegbu]

Alright, "Centralized systems" anytime I hear about keeping our privacy I just wonder how we can when almost all privacy tools we have today is been monitored. Bitcoin was never made to be fully private, it only gives you anonymity since your identity isn't tied to your wallet address.

You made the whole anonymity of Bitcoin stuff very easy to relate to here. For those who think they can't ever be traced or known while using Bitcoin, it's just a question of who is checking their transactions onchain. I can bet that anyday that said address belonging to Satoshi moves, there are those who will find out who actually owns the wallet. I believe that could be responsible for why that wallet has continued to remain dormant. Any move is a slip.

[DPHOR]

This is actually becoming a threat to people as the wallet you sent payment can be tracked and filtered out the funds inside, okay do you think having a separate wallet from the main wallet could be better? For those who doesn't know much about wallet and it's configuration?
Just like when connected to DEX one could stand the risk of being hacked so, moving few coin to a newer wallet sounds nice because with that your main wallet could be safe without overly being compromised by the exchange so I think same technique can be applicable while sending out payment especially to that of 0x addresses.

[pliego]

This is actually becoming a threat to people as the wallet you sent payment can be tracked and filtered out the funds inside, okay do you think having a separate wallet from the main wallet could be better? For those who doesn't know much about wallet and it's configuration?
Just like when connected to DEX one could stand the risk of being hacked so, moving few coin to a newer wallet sounds nice because with that your main wallet could be safe without overly being compromised by the exchange so I think same technique can be applicable while sending out payment especially to that of 0x addresses.

do you really think that protects you if the tx history is public

[cryptoaddictchie]

Bitcoin offers transparency, not true anonymity, so without careful privacy practices users can easily expose themselves to real world risks. Maintaining privacy requires intentional actions like coin control, cautious use of CEXs and LN, and avoiding address linkage.
Privacy is a basic security need for everyone, not just large holders. So better to improve yourself on doing that. Nice list and very clear.

[DPHOR]

This is actually becoming a threat to people as the wallet you sent payment can be tracked and filtered out the funds inside, okay do you think having a separate wallet from the main wallet could be better? For those who doesn't know much about wallet and it's configuration?
Just like when connected to DEX one could stand the risk of being hacked so, moving few coin to a newer wallet sounds nice because with that your main wallet could be safe without overly being compromised by the exchange so I think same technique can be applicable while sending out payment especially to that of 0x addresses.

do you really think that protects you if the tx history is public

At least the receiver wouldn't go directly viewing the funds you had, and of course they could still track down to the funds origins but they wouldn't know if that wallet is directly from you and the question would also be reduced as op already mentioned on his post. The receiver wouldn't have to think twice whether if the funds are from you or not, and yes he would still have a doubt that it was from you because you didn't send directly from a main wallet instead of sending from secondary wallet there won't be any linkage to you directly.

[AVE5]

Alright, "Centralized systems" anytime I hear about keeping our privacy I just wonder how we can when almost all privacy tools we have today is been monitored. Bitcoin was never made to be fully private, it only gives you anonymity since your identity isn't tied to your wallet address. But hell yeah, you still get caught by the hook when making use of centralized platforms and literally everything we have these days are going fully centralized.. even if they claim not to be, one way or the other, either at the end point it still connected to a third party. Gone are the days where people see privacy as priority, now it's becoming a thing of the 1st world.. not that any one cares anymore

It's indeed a call of attention for beginners to be aware that when it's said that bitcoin gives privacy, it's at the point where you've privilege to secure and control your wallet keys yourself and as well, on the process of transactions, it keeps you to a limited level of anonymity. Though, we're referring to using the bitcoin core network wallets that are being full node decentlized.
Centralized wallets are totally a doomed to privacies that bitcoin is projected for. There you looses your securities since you don't have your private keys and also neutralizes your anonymities since you've to pass through kyc and while you're transacting with stable coins, definitely your third party account (bank) where your full profile is captured will be exposed and makes your security a bunch of vulnerability.

[KiaKia]

Financial Privacy is a right, not a privilege.

Unfortunately many people found themselves in this spot, they don't plan for it but it happened, now this person will from now on further cherish the importance of privacy. Bitcoin and stable coins aren't build like Monero or Constellation DAG's tech, yet there are ways we can use Bitcoin in a privacy manner to protect us from things like this.

Many people still believe that there is no need for privacy when dealing with Bitcoin and other coins, this is one of the reasons why privacy matters not just with Bitcoin only but I'm our daily lives too, I hate it when people don't mind their business honestly, but there is sadly no way to make people stop this habit, all we can do is block their access into our private life.

This could be the beginning of life endangering for this person, I hope they make the right decision by selling everything in that wallet on a exchange and buy back then move into another wallet, this should confuse them that the USDC is no longer theirs.

[pliego]

Alright, "Centralized systems" anytime I hear about keeping our privacy I just wonder how we can when almost all privacy tools we have today is been monitored. Bitcoin was never made to be fully private, it only gives you anonymity since your identity isn't tied to your wallet address. But hell yeah, you still get caught by the hook when making use of centralized platforms and literally everything we have these days are going fully centralized.. even if they claim not to be, one way or the other, either at the end point it still connected to a third party. Gone are the days where people see privacy as priority, now it's becoming a thing of the 1st world.. not that any one cares anymore

what happened to the cypherpunk spirit it sort of just died for gains

[FirmWars]

He should not have paid a client with his main wallet where he had so much funds because there was no way he would have prevented anyone from seeing his balance. Paying with USDt or any of the centralized crypto fiat coins doesn't have any privacy (if am right), but he can be paying with Bitcoin or monero which could help prevent prevent someone from simply tracking down his wallet balance because of the sophistication on of the blockchain. I have never learned that there's any method in which someone can send USDt without the receiver being able to track the sender's wallet. If there's, I also want to know, apart from sending from an exchange.

[Mia Chloe]

~snip

The knowledge is as important as hodling itself and it's high time people actually accepted that. In this person's case using an exchange like an intermediary between that transaction could make it more difficult to trace. Most people are too comfortable with one wallet that they literally do everything from there from their pizza and Starbucks to literally their business.

This is bad especially for decentralization. Also judging from the fact that he's Holding that much stables probably goes to show he may not be a fan of decentralization Either.

[nakamura12]

He should not have paid a client with his main wallet where he had so much funds because there was no way he would have prevented anyone from seeing his balance. Paying with USDt or any of the centralized crypto fiat coins doesn't have any privacy (if am right), but he can be paying with Bitcoin or monero which could help prevent prevent someone from simply tracking down his wallet balance because of the sophistication on of the blockchain. I have never learned that there's any method in which someone can send USDt without the receiver being able to track the sender's wallet. If there's, I also want to know, apart from sending from an exchange.

I think the same the he should not have paid the client directly from his main wallet if he doesn't want people to know how much usdt he has. It is always like this where people don't care about their privacy until something like this happen before they realize that having privacy is a must and should be taken light of. There might not be an identity linked to the wallet address but those who have converse with you might target you since they know about you having some funds.