Topic: About Bitcoin Privacy (Read 434 times)

but together with the security of our coins, which depends on the wallet we use and how we safeguard our private keys from any third party influence.

Not about investment and trading but about the importance of maintaining and protecting privacy. Discussions about bitcoin investment and trading that appear on this forum are not only on the appropriate boards but on boards that shouldn't be, they are also presented by forum members with the possibility of meeting the quota or posting requirements.

My background makes this because very few discussions around the importance of privacy are focused and let the topic of discussion sink to the bottom. Most people focus too much on how to make a profit through Bitcoin, which gives the impression that Bitcoin is a tool for gaining wealth and not the greatest network in the history of currency transactions.

Privacy, which is often stated orally, is very important to maintain, is rarely taken seriously. Many bitcoin users know that bitcoin has quite good transparency and that other systems, including bank operating systems, do not have this. Bitcoin is famous for its anonymity, but various transaction flows can be tracked and seen by anyone and everything is recorded on the network.
Sending and receiving bitcoins can occur if the user has an address and with that address the public can know all transaction traffic.

It cannot be denied that humans have a forgetful nature, want to be known and acknowledged, etc., so they cannot properly maintain confidentiality, so they often take actions that could threaten privacy.
It's not how much bitcoin you have but how well you maintain the privacy of your bitcoin for the future.
Maintaining privacy is not trying to hide crimes but protecting oneself from crime.

What will I do?
1. Always try to use a new address to receive payments
2. Try not to publish your bitcoin address to the public.
3. Try to keep IP addresses undetectable by using tools like VPN.
4. Avoid using closed source wallets for storing bitcoins.

Hopefully this is a reminder for me personally and does not mean to advise others because I still have many limitations.

Reading source: https://bitcoin.org/en/protect-your-privacy

We can become lost in the Bitcoin forest and forget about privacy. General privacy apathy is the issue. People believe "Oh, its just an address," but they dont realise that addresses are like breadcrumbs that lead to the whole loaf! What happens when privacy tools like VPNs fail? You're taking steps, which is great, but how many consider this in the big picture? We must always be watchful and ready to adjustrivacy techniques in the never-ending struggle for privacy.

Congrats on focusing on Bitcoin balance and privacy, which is sometimes overlooked. Please dont lose sight of this important issue between earnings and losses.

Right. It was only this year when I learned that using different addresses for different transactions helps break the link between transactions. If all transactions were made from the same address, anyone could analyze the blockchain and see a complete history of transactions associated with that address. By using multiple addresses, it becomes much more challenging for anyone to track a user's entire transaction history. We should be careful, anonymity in bitcoin does not mean privacy.

If you think that transactions made with Bitcoin will remain private and that the state and other focal points will not be able to track these transactions, you are wrong. This creates a false perception of privacy. Users have a false sense of security in Bitcoin and do not try to protect their privacy.
Even users on the TOR network can be identified. There are surveillance nodes and long term surveillance techniques. But Bitcoin is truly transparent. For example, in TOR hidden services, you are dealing with hidden vendors. But as soon as you buy a product with Bitcoin or exchange Bitcoin for dollars, you can be exposed. In short, privacy should not be confused with anonymity. For privacy, use each address only once. Use a new address for each transaction.
We know that Bitcoin addresses can be identified through transaction history and behavior analysis, such as the TOR network. This is a long process that takes time. You can use completely different addresses for transactions such as buying goods, services, receiving payments, and so on.
This makes it more difficult for them to identify you from transaction history. For example, people who send you money won't know who you send money to from your other addresses. This is the most important thing to keep in mind about privacy.

Why do risky people exist if everyone is informed? Is it "method to their madness," or negligence? Sometimes its easy to say "It wont happen to me" until it does. My two cents? Continue sharing, continue educating. Even if one person rethinks their approach, its a win.

Just as what Nietzsche has said, be careful fighting your monsters, cause you may just be like them. Lol.

While we appreciate the informative content, i don’t think there’s anything here that you’ve said which we do not know. You’d be surprised at how much prudent people have become in this industry, and includes even the newbies as you said.As for those who are a little on the reckless side, I think there’s a method to their madness s well. For one, most of these people who have no care in their privacy within the bitcoin world are most of the time those who do not earn as much as they are hoping too, so instead of polisihing their security it’s as if they throw tantrums and forget about trheir security at al.

How exactly one can afford to always use a new address to receive payments? Won't it lead to even more problems with forgetfulness and inattention, which in your opinion are one of the reasons for disclosure of privacy? Moreover, you won't keep those bitcoins in your wallets forever. Sooner or later you will want to exchange them for fiat, and this is the link that most provokes the violation of anonymity. Therefore, your proposed steps will not help in this case.

Not about investment and trading but about the importance of maintaining and protecting privacy.

If you think that transactions made with Bitcoin will remain private and that the state and other focal points will not be able to track these transactions, you are wrong. This creates a false perception of privacy. Users have a false sense of security in Bitcoin and do not try to protect their privacy.
Even users on the TOR network can be identified.

In short, privacy should not be confused with anonymity.

For privacy, use each address only once. Use a new address for each transaction.
We know that Bitcoin addresses can be identified through transaction history and behavior analysis, such as the TOR network.

Yeah, not really, there are a tons of thread about Bitcoin privacy, I think some of the most popular topic about Bitcoin is the Price Speculation, Adoption and Privacy. And also the Dos and donts on how to keep privacy while transacting Bitcoin is not a new topic either. Something like 'Use new address for every transaction' and 'use opensource wallet' is something that I have been heard for many times.

On privacy, topics such as KYC, AML, CTR of FATF, anti-terrorism financing, etc are some of them. Topics such as CBDCs, centralized platforms, Bitcoin mixers, Taproot, Coinjoin, etc are also topics about privacy. And they've been discussion many times already.

Come on, seriously. I think everyone can acknowledge that several topics are being recycled over and over, but is the privacy one really repeated? Because I mainly observe everything around price, government concerns, satoshi, and countries banning it / adopting it.

My background makes this because very few discussions around the importance of privacy are focused and let the topic of discussion sink to the bottom. Most people focus too much on how to make a profit through Bitcoin, which gives the impression that Bitcoin is a tool for gaining wealth and not the greatest network in the history of currency transactions.

What will I do?
1. Always try to use a new address to receive payments
2. Try not to publish your bitcoin address to the public.
3. Try to keep IP addresses undetectable by using tools like VPN.
4. Avoid using closed source wallets for storing bitcoins.

4. Avoid using closed source wallets for storing bitcoins.