Post
Topic
Board Development & Technical Discussion
Re: Bitcoin Privacy Protocols
by
Synchronice
on 05/03/2024, 10:32:46 UTC
With Binance delisting of XMR, there seems to be a growing trend that coins with privacy protocols are increasingly becoming a target of governments.

Is there any evidence that Satoshi Nakamoto deliberately avoided adding privacy-related protocols and functionality into Bitcoin in order to avoid the ban-hammer?

If so, how did he justify this decision when the very concept of sound money cannot be implemented in an environment where there is no guarantee of absolute transaction privacy?
I think that Satoshi's intention wasn't to create an electronic payment method that would offer you superb privacy, as I understand from his posts, he didn't have enough knowledge to create a coin similar to Monero. Satoshi's priority was to create a purely P2P version of electronic cash. He wanted to accomplish things without a trusted party. In order to achieve that, transactions must be publicly announced, that's why the bitcoin blockchain, a public book of transactions exist. There is a detailed talk about this on the second page of Bitcoin Whitepaper.
I think, the first and 2nd page of Bitcoin Whitepaper answers your questions but I still suggest you to have a look at this thread and all the posts that are written here: Not a suggestion.