Subnostr

Why privacy for BTC?

When you pay with bitcoin, by default, the receiver will see your wallet's address, and can check your past transactions. True for any receiver.

Issues:

1️⃣ Discrimination/conflict based on your spending.

2️⃣ Being a target of hackers based on your wallet content.

Discrimination can come from family, work, gov, anyone.

What did I miss?

rieger_san 2y ago

Some opinions about this:

1. Is not an issue of bitcoin

2. Because the blockchain is transparent the only hacking possible is human hacking in my opinion when a wallet address is connected to your name

Reply to this note

Please Login to reply.

Discussion

Code & Psychology ⚡️ 2y ago

1. Yes, and you might want to care about it.

2. E.g.: If they know your address, they might send you small btcs, so you accidentally send a transaction to their address. Or they can try to pair an IP with you, with which you can be an easier target.

Better to be safe then sorry.