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Author Topic: Before you use them be sure they do not contradict the Bitcoin principles  (Read 241 times)
joniboini
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Today at 11:35:06 AM
 #21

then it is easy to track them, and selling that info seems to be a very profitable business model for data brokers nowadays.
Can you give examples which data broker sell this data or where do they get them? I'm not doubting that somewhere on the darkweb people are selling data for various reasons, but I can't imagine a big data company explicitly selling personal identity linked to several addresses publicly. Maybe all of them have that, but they won't say it openly. Chainanalysis company probably won't put that label publicly too since they can price it much higher if the info is limited. Things are different with tracking hackers and whatnot though, I'm sure they won't get any huge backlash from that.

 
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Aanuoluwatofunmi
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Today at 12:12:07 PM
 #22

If you are a consumer of any Bitcoin product such as software, hardware, etc, ensure that the most vital ones are atleast adhere to

One thing that bitcoin has always taught us is to maintain privacy and security at the same time, many will want to acquire bitcoin or trade it and depend on centralized exchange for anything they have to do at the expense of their personal information being released to a third party platform, today we can not afford to give our personal details even when acquiring products like hardware wallet from a company any longer because of the risk to what has been happening from those that earlier did the same thing, the moment we can maintain our privacy, we are mostly prevented.

 
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PX-Z
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Today at 05:00:34 PM
 #23

If you are going to use a wallet, these list might help. But for an trading spot, future, etc. on an exchange or crypto card issuers, those list contradicts for what those businesses and services offering. Example trustlessness and privacy, those prinsiples doesn't exist for a business, because you need to trust them first and you need to give your personal info for verification.
You can use Bisq for off and on ramp, and then you can use Hyperliquid for perpetual and spot.

Both don't require KYC and Hyperliquid has supported direct bitcoin deposit and withdrawal. See the docs.

Therefore the principles still hold up with a little more digging for information.
Yes, this usually applies to those who genuinely protect their privacy and refuse to share their personal info with any platform. That principle still matters, and kudos to those who stick to it, there are only very few of them. However, most crypto users have probably already submitted their kyc docs to an exchange, casinos, or other similar platforms, whether they realize the long term privacy risks or not.

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Hamza2424
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Today at 05:18:04 PM
 #24

— Anonymity/privacy: keep sensitive data/info private especially when dealing with your crypto assets in public space. It should be difficult to link your actually identity to the assets.

— Transparency:  make sure that transactions and exchange system are publicly transparent. The less transparent, the more cautious you should be.
Haha bro, you know more than these idiots. Datavault sold their shares for more than 1,300 BTC and received those bitcoins off-chain on a centralized exchange that I am sure you and I have never heard of. They were able to sell 400 of them back to the same buyers by sending them back to the same account on the CEX and getting cash, but the remaining bitcoins are now not there.

Datavault failed to recover them, so this news has already been discussed in another thread, but now I was reading your post, and I thought there was no better place than this to back up what you just said.

Since they made the payment off-chain, there is no transparency, and the owner doesn't even hold the keys because the funds sit on centralized exchanges that refuse to give them back now.

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