Post
Topic
Board Bitcoin Discussion
Re: Privacy should be fought for
by
Abiky
on 04/10/2022, 01:21:22 UTC
The fact this isn't talked about much even more so after Canada froze bank accounts watching people tx bitcoin and ETH addresses tied to other ETH addresses are being black listed / banned is really bad.. 

BTC will fail or much much much worse become the money of enslavement if privacy is not added.. Unbreakable privacy..

The thing is most people actually don't care about their privacy. They say they have "nothing to hide". With this mindset, we can never expect governments to give up on their task to destroy privacy for good. Bitcoin by itself may not be private, but there are tools you can use to help make your transactions private. For instance, you can use a non-custodial mixer to obfuscate your utmost sensitive transactions, or simply convert your BTC to a privacy coin like Monero or Zcash.

Some would say using a new BTC address for each transaction is the perfect measure to help protect your privacy. The problem here is that you're stuck with centralized exchanges which force you to provide your personally-identifiable information. Decentralized exchanges exist, but they have low trading volume/liquidity compared to their centralized counterparts. Not to mention, they're not as easy to use as you think they are. With the introduction of CBDCs, governments will become more invasive than ever. It'll be up to crypto advocates to help defend privacy for the sake of our liberty and freedom. Just my thoughts Grin