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It also highlights the lack of anonymity with crypto - everyone gets to see what you spend money on.

by zz865 5y ago

young_unixer 5y ago
Not if you use Monero. https://www.getmonero.org/get-started/what-is-monero/ https://www.getmonero.org/get-started/what-is-monero/
- teh_infallible 5y ago
  I love Monero, but I think it is more intimidating for no-coiners than bitcoin. You can’t buy it on Coinbase or many other exchanges, and the wallets are not as polished as the btc wallets I have used. So if you’re trying to get your fans to pay you in XMR, you would be creating a lot of friction for them.
cody8295 5y ago
With most crypto, yeah. Monero happens to be private and anonymous.
Tenoke 5y ago
This is a massive exaggeration. I've spent a fair amount of crypto without trying to hide it, please tell me what on. Maybe the state can find my addresses with a bit more effort than they can find my CC purchases but random people or friends and family not so much unless I want them to.
- zz865 5y ago
  > random people or friends and family not so much unless I want them to What I mean is if you ever send F&F money they'll see all your previous purchases too, and if OF is a well known wallet its easy for them to see that detail.
  - hackinthebochs 5y ago
    Most wallets create new change addresses for every transaction which eliminates that sort of trivial transaction association.
  - Tenoke 5y ago
    Presumably OF would use a ton of auto generated wallets which a random family member wouldn't easily connect to them and remotely savvy users will send money from their exchange to a separate wallet for either family or OF.
  - CydeWeys 5y ago
    There is no limit to the number of addresses you can have in Bitcoin. Best practice is to NEVER reuse an address. So this is all a lot harder than you're making it out to be. If I sent you some BTC right now, you wouldn't know what else I'd been up to with it, how much I have, which addresses are mine, etc.
    - zz865 5y ago
      If you never reuse an address that makes it easy to ignore those right? I'm not sure how it helps.
- redisman 5y ago
  The issue is likely that if there are hacks and leaks of wallet addresses tied to personas from a exchange for example then someone can build a tree pretty easily off of that
  - Tenoke 5y ago
    Sure, and there can be leaks from OF or equifax or a payment processor showing your purchase, too.

It also highlights the lack of anonymity with crypto - everyone gets to see what you spend money on.

by zz865 5y ago

It also highlights the lack of anonymity with crypto - everyone gets to see what you spend money on.

Not if you use Monero. https://www.getmonero.org/get-started/what-is-monero/ https://www.getmonero.org/get-started/what-is-monero/

teh_infallible 5y ago
I love Monero, but I think it is more intimidating for no-coiners than bitcoin. You can’t buy it on Coinbase or many other exchanges, and the wallets are not as polished as the btc wallets I have used. So if you’re trying to get your fans to pay you in XMR, you would be creating a lot of friction for them.

cody8295 5y ago

With most crypto, yeah. Monero happens to be private and anonymous.

Tenoke 5y ago

This is a massive exaggeration. I've spent a fair amount of crypto without trying to hide it, please tell me what on. Maybe the state can find my addresses with a bit more effort than they can find my CC purchases but random people or friends and family not so much unless I want them to.

zz865 5y ago
> random people or friends and family not so much unless I want them to What I mean is if you ever send F&F money they'll see all your previous purchases too, and if OF is a well known wallet its easy for them to see that detail.
- hackinthebochs 5y ago
  Most wallets create new change addresses for every transaction which eliminates that sort of trivial transaction association.
- Tenoke 5y ago
  Presumably OF would use a ton of auto generated wallets which a random family member wouldn't easily connect to them and remotely savvy users will send money from their exchange to a separate wallet for either family or OF.
- CydeWeys 5y ago
  There is no limit to the number of addresses you can have in Bitcoin. Best practice is to NEVER reuse an address. So this is all a lot harder than you're making it out to be. If I sent you some BTC right now, you wouldn't know what else I'd been up to with it, how much I have, which addresses are mine, etc.
  - zz865 5y ago
    If you never reuse an address that makes it easy to ignore those right? I'm not sure how it helps.
redisman 5y ago
The issue is likely that if there are hacks and leaks of wallet addresses tied to personas from a exchange for example then someone can build a tree pretty easily off of that
- Tenoke 5y ago
  Sure, and there can be leaks from OF or equifax or a payment processor showing your purchase, too.