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It really didn't. Bitcoins ledger is public, marking every transaction from who to whom the money went. Yes, it's originally only the wallet id that is public,
by y4mi 8y ago
It really didn't.
Bitcoins ledger is public, marking every transaction from who to whom the money went.
Yes, it's originally only the wallet id that is public, but this id only needs to be matched once to a person...
And don't even start with exchanges. They have exactly the same problem as any private entity such as PayPal or patreon has
- Erlich_Bachman 8y agoCouldn't one simply use the other currencies where ledger is not public, if the privacy is needed? Like Zcash, Dash or Monero (no affiliation, I'm just listing options to clearly show that public ledger is in technological sense not a problem). I think that many of these problems stem from censorship, not need of privacy.
- xte 8y agoYou can't for a simple reason: to use them you need a combination of hw, sw and connectivity that's largely proprietary and can't be considered safe... You may trust your FOSS-only OS, your FOSS "wallet", but how you can trust your hw? How easy a country can look out citizens from internet services? Mesh network and open hardware exists but mostly at a marginal and embryonic stage...
- ivrrimum 8y agoThis is simply false. Modern bitcoin wallets use HD tech. Each transaction has a seperate public wallet
- lawn 8y agoLookup Monero which obscures all transactions.