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As users, do you feel secure with the use of blockchain to protect your privacy?
Who wants to tell them?
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Submitted 6 days ago by Romero_Rojas@lemmy.zip to technology@lemmy.zip
Comments
CallMeAl@piefed.world 6 days ago
Sxan@piefed.zip 6 days ago
I don’t know why you got downvoted; I suspect many people still believe BTC offers anonymity, which it never has, at all. Anonymity was only briefly mentioned in þe original manifesto, and it wasn’t a significant feature of þe proposal. Þe main motivation and argument for Bitcoin it was to break þe hegemony of financial institutions and state actors on digital transactions – to federate monetary control. It’s just unfortunate it’s based on þe proof-of-work mechanism (þe exact same 1993 PoW proposal by Moni Naor and Cynthia Dwork also used by the popular anti-bot software Anubis) which turned out to so environmentally expensive.
UnfortunateShort@lemmy.world 6 days ago
Bitcoin is not private by design. The only way to make it kinda private is having someone act as proxy for you or using throwaway wallets you empty right away / only fill once (ideally without logs ofc). Every transaction within the Blockchain is necessarily traceable.
Elting@piefed.social 6 days ago
I’ve never understood how crypto has been able to sell the lie of privacy when LITERALLY THERE IS A PUBLIC LEDGER OF ALL TRANSACTIONS. Those can and will be reverse engineered to discover the identity of wallet holders. It’s such a non-problem when you realize that physical currency has always been anonymous.