Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Suggest Practical Ways Someone Could Have Prevented This
by
Pokapoka124
on 30/07/2024, 22:21:26 UTC
⭐ Merited by NotFuzzyWarm (2)
Interesting link between two of our threads here.

Everybody here seems to be clear that keeping your Bitcoin holdings private is essential to keeping safe.

And yet in another thread we're talking about how Bitcoin cannot really be used privately.


Everybody here knows Bitcoin is pseudonymous and all transactions are visible on the blockchain. Bitcoin is not a privacy coin. That does not mean you cannot keep your bitcoin hodlings private. Your finances is your personal business and for your knowledge alone. I believe the only reason why the robbers were interested in the bitcoins was because they had information (either through his social media or an acquaintance) that the man had bitcoins in his possession.

In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.