But here comes the most intriguing question: is the level of privacy provided by these tools enough to protect our identities and activities in the digital world? Or should we be focusing on developing new solutions and improvements to further safeguard our privacy in the Bitcoin ecosystem?
Achieving privacy becomes possible if we avoid services that demand KYC requirements. Keep in mind, with blockchain, once a record is written, it's permanently public. So, if we maintain anonymity and refrain from complying with KYC, even if others see our address, they won't know who it belongs to.
The problem arises when we do go through KYC. If we still want to keep our anonymity, which is already challenging, our only option is to use a mixer to blend our transactions, making it tough to trace. However, take note that while mixers make it difficult, it doesn't make it impossible to discover transaction origins. Therefore, it seems avoiding the KYC route is the most effective way to preserve our privacy in this context.