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Topic: Bitcoin privacy - page 2. (Read 346 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
June 11, 2022, 11:16:27 AM
#3
The thing is that there already are some good enough solutions but too few people use them, so they stand out from the rest of the transactions. People need to become more privacy-oriented. 
Privacy is very important and helpful, but as people are getting to know about bitcoin, the more you will see more people that will not go for privacy or anonymity. I too will recommend people to be private but they have a lot to avoid, example are traders, it will be difficult for day traders and those that trade frequently not to use centralized exchanges, but for people that wants to hold or be using noncustododial wallet, privacy is very possible.

It is becoming a time some people will have to buy items online with bitcoin in a way privacy may not be possible. That is why it is very good for some people to make certain part of their bitcoin transactions and holding not to link to anything centralized like exchanges or shopping in a way your main holdings that is meant to be private can not be linked to your real identity.

Privacy is possible, but it requires people to have knowledge about it with the use of Tor, VPN (Tor is better) with mixers, decentralized exchanges and noncustododial wallet and if need be to use bitcoin to shop or for anything centralized like exchanges, it so good to make sure you have a good way your privacy life is not linked to the other one you used for centralized services.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
June 11, 2022, 10:42:25 AM
#2
While Bitcoin’s transparent ledger provides auditability, the lack of privacy is hurting its fungibility and introduces censorship attacks of different kinds. Increasing bitcoin privacy is one solution.
No, it's not, at least that's my opinion. You don't give a solution to such political problem by improving privacy. Bitcoin's privacy isn't hurting its fungibility, centralized exchanges do. Not using those who treat it as non-fungible is a solution. Don't comply with their rules, and "taint coins" becomes a matter of the past. It's a nonsense either; a direct surveillant attack to you, along with KYC.

As a quote goes,
When centralised oppression fails, we will decentralise.

And so we do.
newbie
Activity: 12
Merit: 2
June 11, 2022, 10:30:09 AM
#1
We heard, in recent months, about exchanges flagging user funds coming or outgoing to services using CoinJoin. We heard about people having to post detailed personal information about the source of funds. There were also other events suggesting that Bitcoin surveillance is becoming an issue and that people withdrawing coins to "unhosted wallets", as they call them, are targeted by the compliance system.
This article provides a good overview of some of the relevant events and how they influence Bitcoin's fungibility:
https://bitcoinmagazine.com/technical/bitcoin-needs-better-privacy-for-fungibility

This article instead provides a review of existing privacy-focused projects
https://bitcoinmagazine.com/technical/list-of-bitcoin-privacy-proposals

The thing is that there already are some good enough solutions but too few people use them, so they stand out from the rest of the transactions. People need to become more privacy-oriented. 
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