Post
Topic
Board Bitcoin Technical Support
Merits 4 from 1 user
Re: How to have reasonable privacy safely when paying?
by
takuma sato
on 21/02/2024, 05:20:22 UTC
⭐ Merited by LoyceV (4)


If you pay face to face, what is the difference between choosing Monero, Bitcoin or FIAT? Cameras will still get a picture of you. The vendor will also know your face.
If you pay online, you must use a shipping address. This detail will be the same, no matter if you use Monero, Bitcoin or FIAT.



About using coinjoins etc being the same, if you use a coinjoin or something like that, you are hiding your amount held on an address from the payer, that is good, you increased privacy on your funds. You can also hide potential addresses linked to the one you are paying with. This is normal and anyone would want this when paying. Now if you deposit this into an exacty, it is true that who knows if they will or not trigger some chainalysis thing. So yeah, not much one can do that I can think of.

The difference frin fuat is the blockchain, it is permanent, public, and tied to that particular payment in that moment. Not so with fiat or Monero, even tho I would never use Monero, which has an even worse status than BTC, which leads to the next reply.


Do you check the serial numbers of your bank notes for known crimes in the past before accepting them? I've said it before and I'll say it again: attacking Bitcoin's fungibility is the only way to attack Bitcoin. They can't shut it down, they can't stop it, they can't ban it, but they can make people believe they shouldn't accept it because certain coins might be bad!


No, I don't check serial numbers. The difference here is, the systems at play with crypto are not the same as you giving some cash to a cashier or whatever. There is not some realtime global database on every payment. Also, cash in general, is used by regular people, grandmas etc. It doesn't have a bad rep (increasingly lately.. but in general, it is seen as normal). If you are a "Bitcoin person" you are standing out from the rest already. And governments hate crypto by default, banks do so too. This is why they block transactions all the time, even with KYC exchanges. So it's not the same thing at all. They will find any excuse to extract as much money as possible from you and scare you from using it. I am not looking forward to be used as an example of that. And as far as Monero, we can see what happened. It was kicked from most exchanges, you cannot cash out Monero to buy anything of relevance.