Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has nothing to do with crime
by
Obari
on 08/08/2023, 19:12:40 UTC
Bitcoin isn't inherently a privacy coin; rather, it stands as a genuinely decentralized cryptocurrency. Your level of privacy is determined by the measures you take to safeguard it, given that Bitcoin transactions are publicly accessible. If I possess your specific Bitcoin address, I can still trace your activities. Bitcoin's objective is to establish a decentralized payment system, eliminating the need for third-party intermediaries.
I agree with you that the level of privacy depends on how much we safeguard it but thinking we can track the transactions through ID or wallet address isn't totally correct because mixers already covering the gap of tracking transactions through ID's and even without mixers, you can watch a transaction moving from.one where to another without having possibly anything to do about it and I'm saying this from experience  when my brother was defrauded and we kept watching the coin move from one wallet to another and there was nothing we could do but let go.

Secondly, Bitcoin  is associated  with scammers in my country and the moment you mention that you're a holder, you're  Invariably  seen as a scammer and this is a prove that we still have alot of work to do for people to accept bitcoin globally.