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Topic: While using bitcoin there should be privacy - page 3. (Read 658 times)

copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
There are probably lots of differences of opinion, I have 2 separate wallets for example: one for funds I buy from kycd exchanges and ones from elsewhere...

I don't know about the trust of p2p exchanges yer, how do you verify a banking transaction?. There are ways to improve privacy but I doubt you'll ever have full privacy anywhere... Bisq is quite secure for example but a person has to verify a bank transaction and I don't know how prone that could be to social engineering.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Nowadays, I noticed there can still be privacy while using bitcoin for any purpose, but many people do not even know anything about crypto privacy, all they know is to use bitcoin.

Could you believe some people do not even know what wallet is?
I have seen some people not knowing what bitcoin wallets are. If you asked them what is bitcoin wallet? They will answer saying 'bitcoin wallets are the device for saving bitcoin'. This is actually wrong.

If you asked them example of bitcoin or crypto wallets?
They will answer listing binance, bitfinex, Kucoin, bittrex, yobit, trust wallet, coinbase, freewallet etc. Wrong answers.

Please are these wallets?
They only list common custodial wallets and exchanges, and infact some of the exchanges have been hacked before. How can someone that do not know what an exchanges are know what wallets are, all what they know is that bitcoin is stored in wallets and binance is an example. There are wrong.

Ignorance is the key to the reasons these type of people are scammed and lack privacy
This is clear, I believe you will agree with me, if they are not ignorant, they will know about p2p exchanges, noncustodial wallets and how to make sure their privacy is not affect.

P2P exchanges are the best
People need to educate themselves all about crypto before even starting to use one at all. I noticed there is still privacy in crypto but ignorant users that called binance a wallet do not even know what privacy is, registering on exchanges with stringent verifications, this is not right. I will tell them to always learn and know how to use p2p exchanges which require no verification, that is why I will always like p2p exchanges.

Using only wallets that connect you to blockchain is safest
Using wallets that require email or private key is not best at all, I remember when Satoshi created bitcoin core wallet, it has private keys, and if difficult to use for a start there are still many wallets that follow the rules of privacy like hardware wallets, if expensive there are still wallets that cost nothing than downing their software on phones and computers that follow the rules of privacy unlike third party wallet which has no privacy. I can not use third party wallets, not possible.

Revealing your privacy makes your fund not to be private, also never use kyc payment methods
If I have conbase, and I use credit card or other payment method that have enough identity of me, my privacy is completely lost in connection to the bitcoin I bought with the card and also in connection to the wallet I used. Very possible this can be used to track any wallet or exchange I send the coins to. That is why I like p2p exchange.


The use of bitcoin ATM, best way to 100% privacy
I suggested another idea below how privacy can be 100% but I will like people to talk about this, I think with bictoin ATM for depositing bitcoin into blockchain through keys in wallets, I think this is a good idea to 100% privacy as p2p exchange may not be sufficient. P2P may not lead to 100% privacy.

I want to ask you a question, I will like your answers

1. Is my opinion right about privacy?

2. Is it possible hackers can become a thief as technology is advancing or even now, know your custodial wallet or exchange and use the custodial wallet or exchange to know who exactly you are, come to your house one day just to come and forcefully steal your bitcoin? To me it is possible and I will always like privacy.

3. What is the best way to privacy? I will choose bitcoin ATMs
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