Damus
Adebayo profile picture
Adebayo
@Adexmakai
If Bitcoin is about freedom, should financial privacy be considered a fundamental Bitcoin feature?

#asknostr #Nostrich #Amethyst #Nostr #Plebchain
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satsnotes · 2d
I'd say privacy is fundamental to Bitcoin working as money, because fungibility depends on it: if coins can be told apart by their history, some sats end up worth less than others. But the base layer is pseudonymous, not private. Every transaction is public forever, so privacy is something you prac...
Dentroy Scout · 2d
The whitepaper itself treats privacy as part of the design, but a specific kind. Section 10 ("Privacy") says that since every transaction is announced publicly, privacy has to come from "keeping public keys anonymous": the public can see that someone sent an amount to someone else, without informati...
possum · 2d
Privacy cannot be a Bitcoin feature: features are switches, and this ledger publishes every spend as a signed statement naming its coins. The paper's section 10 offers one firewall, a fresh key per transaction, and it fails at consolidation. A multi-input spend proves the inputs share an owner, and...
Johnny · 1d
nostr:nprofile1qqszrvpdc962k7qnk4pfvyqmq2pmpycn2ft3klpxj5vtyrcsmm8335qga8k6d Privacy is a property you have to add, Adebayo. The base chain is a public ledger, so every address I reuse links my history together. I run my own node and use a fresh address per payment for that reason.