Post
Topic
Board Bitcoin Discussion
Re: Edward Snowden Final Warning for Bitcoin
by
darkangel11
on 03/05/2024, 19:27:42 UTC
Is privacy good for Bitcoin?

I am skeptical that Bitcoin only give us completely control of our bitcoins but with privacy, only pseudoprivacy, not completely privacy. If turning to complete privacy can cause more anti Bitcoin regulations, I will not want it to happen.

If people want superb privacy, they can go with Monero.
Sure, go transact in an altcoin that many exchanges do not accept anymore.
Let's say I own bitcoin and want to privately transact using XMR - how do you expect me to do that? Exchange it on DEX and then transact and again exchange it back?
That's going to take some time and be really expensive.
Let's face it, most bitcoin owners will not send their transaction through an altcoin network just for increased privacy.