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The unencrypted metadata is a transaction between Bitcoin addresses, not mapped to any identity. This is similar to the Bitcoin network, where we just know that
by sumanthneppalli 8y ago
The unencrypted metadata is a transaction between Bitcoin addresses, not mapped to any identity. This is similar to the Bitcoin network, where we just know that addresses contain a certain amount of Bitcoin but we cannot identify who the address belongs to. Compared to privacy apps such as Signal or Telegram, they have some metadata about users.
One should think of a message as a small transaction that embeds some encrypted data on the blockchain. Miners are including messages on blocks because they get paid a small miner fee. These transactions are uncensorable because the Bitcoin network is uncensorable. Traffic of apps such as Telegram can be identified and blocked as Russia has done so in the past.
- ShorsHammer 8y agoBitcoins pseudonymous nature is getting weaker daily and blockchain analysis is maturing as a technology, the biggest coin mixer recently admitted that their services were useless and shutdown. There's very few exchanges if any in the western world where you can swap cash for bitcoin and not hand over ID. Blockchains are forever.
- xiphias 8y agoAftersignature aggregation between different inputs is implemented (probably in a few years), it will make mixing more efficient than normal (online) tranzactions. Hopefully it will give enough people incentive to use it.