“I don’t need privacy, I have nothing to hide”
“Blockchain is a public ledger where all the informations are completely traceable”
Those are two very wrong and “dangerous ststements”.
Also, is very common, even for experienced users, to trade privacy for some convenience, a nice and easy UX, or some unnecessary feature.
Privacy has been recently targeted by many Anti-Bitcoin actors. Every bitcoier should then know how to recognise the threat and how to defend herself.
In this two part treatise Giacomo Zucco covers a series of misconception about privacy, and how to adopt the best practices to protect it.
A Treatise On Bitcoin And Privacy Part 1: A Match Made In The Whitepaper
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How one’s focus can shift in just two weeks! While today everybody in the Bitcoin space seems more concerned with price fluctuations in response to the global financial panic (understandably so), it’s important to remember perennial issues that never go away, like the importance of maintaining your privacy when you transact in bitcoin. Throughout this month especially, we’ve been hearing reports of KYC/AML-compliant exchanges freezing user accounts due to suspected use of CoinJoin software (more on that later), followed by yet another case of a famous and respected early Bitcoin proponent promoting his new illiquid altcoin as something that “will replace Bitcoin, which isn’t private enough!”
If you want to take a short break from global pandemics, financial meltdowns and price volatility, here’s an attempt at analyzing claims, facts and context of this latest “Bitcoin drama.” To begin with, in Part 1 of this two-part series, we’ll start by looking at the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. Then, in Part 2, we’ll focus on some the ways that Bitcoin privacy is being maintained and improved upon — and strike down a few “red herrings.”
If you want to take a short break from global pandemics, financial meltdowns and price volatility, here’s an attempt at analyzing claims, facts and context of this latest “Bitcoin drama.” To begin with, in Part 1 of this two-part series, we’ll start by looking at the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. Then, in Part 2, we’ll focus on some the ways that Bitcoin privacy is being maintained and improved upon — and strike down a few “red herrings.”
A Treatise On Bitcoin And Privacy Part 2: Don’t Be Misled By Red Herrings
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In Part One of this treatise, we examined the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. In spite of some excellent privacy preserving options that have been available to users since those early days, we seem to have taken a few wrong turns. But to fix it, in order to make Bitcoin’s privacy “great again,” we must be able to distinguish between real privacy and red herrings that can only lead us further off the path.
Italian translation available here:
Un trattato su Bitcoin e la Privacy
Other “privacy related” threads of mine:
Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again
Dust Attack, what it is, why it is dangerous and how to prevent falling to it
[Total privacy Bitcoin]: off grid Transactions LoRaWan/goTenna
[PAXOS+COINJOIN]Your privacy is a threat to exchange business?#deletepaxos