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Question about #bitcoin. It's digital. All transactions are logged. But...it's private? How is it not just monitored by governments and corporations? Thanks in advance.

ĐaꝞꭵꞧuꞩ.₿ 🟠 2y ago

It is tracked/trackable. It's the effect of being fully transparent.

What you can't easily do is turn the data on chain to any specific person or action off chain.

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ĐaꝞꭵꞧuꞩ.₿ 🟠 2y ago

There are also ways to make that even harder by mixing transactions too.

jsm 2y ago

Thanks. But wallets have addresses. Are they temporary? And lightning is all off chain?

ĐaꝞꭵꞧuꞩ.₿ 🟠 2y ago

Lightning is basically untraceable, being off chain is partly why.

Wallets do have addresses, but you can't link any given address to a specific wallet.

10 different addresses can be the same wallet, or 10 different ones. You can't tell from on chain data.

jsm 2y ago

Killer. Thanks for the help.