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Bitcoin and Safety (lemmy.zip)

submitted 23 hours ago by Romero_Rojas@lemmy.zip to c/bitcoin@lemmy.ml

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As users, do you feel secure with the use of blockchain to protect your privacy?

*Blockchain: decentralized digital ledger which records transactions worldwide. It is transparent (anyone can enter) and it does’t have a central authority (banks are central authorities). Within each chain of blocks there’s a transaction data, timestamp and cryptographic hash (unic fingerprint).

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[–] jet@hackertalks.com 0 points 15 hours ago (1 children)

You have a totally public wallet with your entire transaction history visible. If you mine fresh coins and never spend them, sure you have a defensible claim to some privacy - if you ever transact then you have no privacy.

Any single transaction will tie your entire wallet history to your identity.

[–] HumanOnEarth@lemmy.ca -1 points 15 hours ago* (last edited 15 hours ago)

Tell me you have no idea how bitcoin works without saying you have no idea how bitcoin works.

Edit: Hey guys don't panic but I think I found RFK Jr's Lemmy account.