Dad: Son, who else can see my balances on the Bitcoin blockchain?

Son: Hi Dad,

Everybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-)

Dad: Is this not a huge privacy issue?

Son: You will be fine if you use Bitcoin correctly.

Dad: Son, please define "used correctly".

Son: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely.

#Bitcoin