Posting your wallet address publicly on social media without it being that you posted it for donation purpose or to receive payment is wrong, same as private key. No one posts their private keys publicly, you're giving the public access to your funds.
Only people that are whale or uses crypto for fraud purposes are the most ones always worried about their privacy. If you're worried, use coin mixing services.
Topic: I just think privacy is more important with financials. - page 3. (Read 732 times)
Privacy is important. But it is more important to stop illegal usage of cryptocurrency. We have number of incidents lately where cryptos have been involved in various illegal things like Dark Web Silkroad, NZ terrorist attack, money laundering, billions dollar exit scams like MtGox, Plustoken, ransomware etc. They have all taken the benefit of the privacy offered by the cryptocurrency. I am sure the community members don't approve of these incidents. If these were happened within the fiat system, it would have been more easier to brought them under justice! The privacy is probably helping the miscreants more than the common mass.
I came up with an even better solution to stop illegal activities you have mentioned. Lets ban Internet! Yea, why not? Internet is being used by criminals all the time. Imagine. If the Internet had never been invented, we would not have had Silkroad, MtGox colllapse and also PlusToken. We would not have Darkweb that is used by criminals, terrorists, drug dealers, etc. Good people aren't using Dark Web, if you do: you either criminal, terrorist or drug dealer. Good people don't need privacy, because they have nothing to hide, if you have, then you know who you are... criminal scum. 
People can get details of how you spend your money. Using a public address as a public person let's everyone see what you are doing with your money.
That's not exactly true.
You can see that bitcoin went to another address, but addresses are mostly unknown and anonymous.
If you are paranoid, you can have a public through out address where you can receive money and them just "clean" those bitcoins in a bitcoin mixer, for example.
Bitcoin transaction and history should be private and unidentified that's why people are using cryptocurrency because of its confidentiality. Don't be paranoid and be comfortable with your bitcoin wallet as it is probably safe if you try to monitor it. Sometimes knowing the addresses will let you know if you successfully transfer your money from one another or if the transaction is a success. But in public, you should not let other people see it as this will be the way for those hackers to get your information, they will take advantage of the chance where they will scam your wallet. Always be careful on using cryptocurrencies, privacy is important in all of the aspects in our life so we should always manage and keep it no matter what.
Privacy is highly important, but unfortunately it is becoming less possible in the modern world.
Privacy is important. But it is more important to stop illegal usage of cryptocurrency. We have number of incidents lately where cryptos have been involved in various illegal things like Dark Web Silkroad, NZ terrorist attack, money laundering, billions dollar exit scams like MtGox, Plustoken, ransomware etc. They have all taken the benefit of the privacy offered by the cryptocurrency. I am sure the community members don't approve of these incidents. If these were happened within the fiat system, it would have been more easier to brought them under justice! The privacy is probably helping the miscreants more than the common mass.
It seems to me that you are kinda promoting this convertsring.com website.
I don't usually post my BTC addresses here and there on social media platforms,so I don't need hex codes or some other privacy measures(I've never heard about hex codes,I'm not that tech savvy).People can see how are you spending your coins.So what?They can't see your private keys or your wallet password.I don't see a problem,if we are cautious enough.
Privacy becomes more valuable in the modern world,because it's way harder to keep it.
I don't usually post my BTC addresses here and there on social media platforms,so I don't need hex codes or some other privacy measures(I've never heard about hex codes,I'm not that tech savvy).People can see how are you spending your coins.So what?They can't see your private keys or your wallet password.I don't see a problem,if we are cautious enough.
Privacy becomes more valuable in the modern world,because it's way harder to keep it.
But if they is any reason, why u need to post your address or private keys on social media, try to hex code it. Or random people will access your mail.
changing the encoding of an input does NOT improve your privacy at all. you would be fooling yourself into thinking otherwise. for example if i post 123 or 0x7b or 0b01111011 they all mean the same exact thing, an integer equal to one hundred and twenty three! besides when you post your address somewhere, you want others to be able to copy it and send you coins, adding a different encoding will just increase their work since they would have to convert it first before they can use it.
ps. it makes zero sense to post "private key" on the internet!
yep well said.. Privacy is what we are into thats why we are in the blockchain
People chose to let the government know their privacy because there's literally a lot ways to avoid getting identity stolen by them. Stupid people who post their Bitcoin address and transaction ID on social media are crazy who wants to get themselves in danger. Privacy is very important.
That's where decentralized exchanges comes in. But the thing here is that, people prefer convenience at the cost of privacy. In an age where time and convenience is very important, centralized exchanges are ruling.
There is a problem though.
Anonymous coins like monero are being delisted from the exchanges while the governments have no problems with coins like bitcoin. It is like they are trying to force you to use semi-amonymous coins.
If exchanges don't adopt monero or othr anonymous coins, people won't even notice their existence.
Anonymous coins like monero are being delisted from the exchanges while the governments have no problems with coins like bitcoin. It is like they are trying to force you to use semi-amonymous coins.
If exchanges don't adopt monero or othr anonymous coins, people won't even notice their existence.
That's where decentralized exchanges comes in. But the thing here is that, people prefer convenience at the cost of privacy. In an age where time and convenience is very important, centralized exchanges are ruling.
Your words definitely make sense. Full privacy in our time is a rarity.
But you know what's funny? People who are looking for confidential services (exchange, goods, etc.) often want to know the most detailed information about the resource/seller.
Well, it's quite easy to understand the process in fact:But you know what's funny? People who are looking for confidential services (exchange, goods, etc.) often want to know the most detailed information about the resource/seller.
- I'm willing to work with a centralized third party I have to trust. If so, then it's in my best interest to know as much as possible about them. You wouldn't trust me if I wanted to exchange two coins with you, right? You'd want to know more about me to make sure no scam is laying behind my apparent intentions.
- I'm willing to work with a decentralized third party I have to trust. If so, then all I need to do is make sure the third party truly is decentralized. There are a few factors such as checking its source code. This does not break anyone's privacy in any way - you only study its structure and if everything looks good, you proceed to work with it.
I don't know if "third party" in the second bullet is the right way to name decentralized platforms/services such as DEXs. In my opinion, trust cannot be completely removed. Even if you're working with a fully decentralized exchange, you have to trust the code behind it. Going 100% trustless is just an ideal, theoretical thing. I'm no programmer and have 0 knowledge about coding languages, so I have to trust those who say a wallet is safe.
Anyways, the thing is, decentralization removes a very significant part of the need of trust but not completely. However, it increases your privacy enormously. Even if you study these decentralized platforms as in-depth as you can, you're invading no-one's intimacy.
There is a problem though.
Anonymous coins like monero are being delisted from the exchanges while the governments have no problems with coins like bitcoin. It is like they are trying to force you to use semi-amonymous coins.
If exchanges don't adopt monero or othr anonymous coins, people won't even notice their existence.
Anonymous coins like monero are being delisted from the exchanges while the governments have no problems with coins like bitcoin. It is like they are trying to force you to use semi-amonymous coins.
If exchanges don't adopt monero or othr anonymous coins, people won't even notice their existence.
Absolutely yes with your privacy most important with financial and bitcoin and altcoin is not worth when your privacy know by public, from your wallet and your document data after submitting in exchange account must secure and no one know with your identity card, its most danger when some one else know your ID.
Privacy is highly important, but unfortunately it is becoming less possible in the modern world.
We're letting them take it from us. The more technology advances, the less privacy we'll have. Technology is the one that advances, not the human race. We're stuck at the same level humanity was a hundred years ago, having the same desires, but with technology everywhere around us.
Maintaining your privacy means going off the track and probably being considered a weirdo. The sad part is, it's not limited to crypto. When was the last time you went outside without your phone, smartwatch etc? Isn't it true that you feel less secure when you don't have a phone with you? It should be the opposite, because surveillance is what smartphones are.
Go off their radar. Use decentralized exchanges with Tor Try having an airgapped PC for offline crypto wallets etc. There's a long road ahead if you want to go that way. In my opinion: you either go all the way to protect your privacy or you don't at all.
For example, it makes no sense to use Tor if you're going to use it for logging in to your personal accounts. Go full anonymous. Go from point A to point B, don't stop somewhere in between.
Your words definitely make sense. Full privacy in our time is a rarity.
But you know what's funny? People who are looking for confidential services (exchange, goods, etc.) often want to know the most detailed information about the resource/seller.
Nowadays people careless about their privacy, although address analysis techniques is getting better with so much research being done around this, even if you make use of mixing services,like the Plus token ponzi scheme but atleast you make it difficult for none technical person to know your identity, this is one of the reasons why people use Bitcoin
People can get details of how you spend your money. Using a public address as a public person let's everyone see what you are doing with your money.
That's not exactly true.
You can see that bitcoin went to another address, but addresses are mostly unknown and anonymous.
If you are paranoid, you can have a public through out address where you can receive money and them just "clean" those bitcoins in a bitcoin mixer, for example.
Posting your Bitcoin address, transaction ID on social media, may not worth it. People can get details of how you spend your money. Using a public address as a public person let's everyone see what you are doing with your money.
Then that's the end of the story. They can just look at it and look how the money coming in and out from your account, feel jelous or pity and that's it! Well, I admit that it was a bad habit because you don't know who is gonna invade your house force you to expose your account after knowing hw wealthy you are. I am not a computer geek to say this but as far as I know you cannot reverse engineer one's btc address and robbed all the money stored there. Because if it is really possible then for sure most of us here already lost money out of nowhere. 
If you are posting your Bitcoin address on social media, which by the way are always monitored by government backed agaencies then you are a fool
The first rule is avoid social media if you are concerned about Privacy. The second rule is to never disclose your identity in public or on social media that you deal in cryptocurrency, as there are scammers and criminals waiting for you always.
If you are concerned about Privacy in crypto universe then use privacy specific cryptocurrency rather than bitcoin
The first rule is avoid social media if you are concerned about Privacy. The second rule is to never disclose your identity in public or on social media that you deal in cryptocurrency, as there are scammers and criminals waiting for you always.
If you are concerned about Privacy in crypto universe then use privacy specific cryptocurrency rather than bitcoin
Privacy is highly important, but unfortunately it is becoming less possible in the modern world.
We're letting them take it from us. The more technology advances, the less privacy we'll have. Technology is the one that advances, not the human race. We're stuck at the same level humanity was a hundred years ago, having the same desires, but with technology everywhere around us.
Maintaining your privacy means going off the track and probably being considered a weirdo. The sad part is, it's not limited to crypto. When was the last time you went outside without your phone, smartwatch etc? Isn't it true that you feel less secure when you don't have a phone with you? It should be the opposite, because surveillance is what smartphones are.
Go off their radar. Use decentralized exchanges with Tor Try having an airgapped PC for offline crypto wallets etc. There's a long road ahead if you want to go that way. In my opinion: you either go all the way to protect your privacy or you don't at all.
For example, it makes no sense to use Tor if you're going to use it for logging in to your personal accounts. Go full anonymous. Go from point A to point B, don't stop somewhere in between.
I don't understand what are you trying to point out.
As far as sharing address and transaction ID is concerned, yes, people can link any transaction to you as all Bitcoin's blockchain data is public. But that is how Bitcoin is supposed to work. If you want privacy while using Bitcoin, make sure not to post addresses publicly and use new address for every new receipt. Also try using mixers to remove any possible trail (ChipMixer is good choice). Encoding/Decoding won't work.
Most of my addresses that I have posted on public sources like this forum are my hot wallets. I keep low funds on them for recurring use. I have never publicized the addresses of my cold storage and no one can link those addresses to me.
As far as sharing address and transaction ID is concerned, yes, people can link any transaction to you as all Bitcoin's blockchain data is public. But that is how Bitcoin is supposed to work. If you want privacy while using Bitcoin, make sure not to post addresses publicly and use new address for every new receipt. Also try using mixers to remove any possible trail (ChipMixer is good choice). Encoding/Decoding won't work.
Most of my addresses that I have posted on public sources like this forum are my hot wallets. I keep low funds on them for recurring use. I have never publicized the addresses of my cold storage and no one can link those addresses to me.
FBI recently announced that they expect a rise of frauds related to crypto payments, and posted some tips to be prepared:
- Before sending payments/donations, make sure that the receiving party is officially registered and accepts cryptocurrency.
- Monitor potential investment opportunities.
- Do not use your personal bank accounts for doing business at home, do not provide information about your bank account to someone else.
- If you become a victim of blackmail or extortion, contact the law enforcement authorities.
But if they is any reason, why u need to post your address or private keys on social media, try to hex code it. Or random people will access your mail. You can hex code with this site www.convertstring.com/EncodeDecode/HexEncode.
You should never post your private keys anywhere. Those are the secret data that unlocks your bitcoins. If anyone finds them they can use them to steal your bitcoins. Bitcoin addresses on the other hand are harmless and nobody is able to take bitcoins using just an address. At worst they can discover how much bitcoin is in the address but they can't take any of it. Encoding your bitcoin address to hexadecimal will not stop people from finding your address as the same site you linked can be used to decode it back into an address.
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