It’s not just your email or documents that are vulnerable to privacy violations. Things as normal as your computer and cell phone’s camera and microphone can be the eyes and ears of others in your own home for governments and criminals. During their most intimate moments they can be turned on and they can record without your noticing, without even turning on the camera light that indicates it is working. Making the best effort comes easy now with Bitcoin Tumbler .
So what are we referring to all this? Wasn’t this about Bitcoin?
We mean that privacy is extremely important to anyone. And your financial activity, the data of your economic movements, define very well the kind of person you are and even where you are. Therefore, if Bitcoin wants to be the global financial system, it must decide its position.
That’s why Bitcoin, with its disruptive design, has said enough
Bitcoin from the hands of its developers following the legacy of its creator, professionals does not want to harm the individual, and wants 100% guaranteed privacy to prevent others from taking advantage of your financial information against you, but also giving you the option of verifiable transparency. if the owner so wishes. No one should know, if you don’t want to, what aspects of your privacy you spend your money on, let alone traffic that information behind your back.
Bitcoin, seeking financial privacy
Bitcoin is equal to Anonymous Money and it is equal to Fake. It is one of the first mistakes that almost everyone commented due to media noise. Bitcoin is not anonymous at least not at the moment. However, unlike companies that legitimately seek an economic benefit and in exchange for a cost-free service with their private information, Open Source software is free, public, and is developed by people altruistically in general.
This is the case with Bitcoin, which can afford not to need to traffic your personal information because it does not seek an economic benefit. Bitcoin, following the philosophy of ideological currents such as Crypttanarchism and Cypherpunk, was conceived with the aim of creating a financial system that, among other things, was capable of allowing financial transactions between distant and unknown people. However, their anonymity is compromised rebound.
Bitcoin’s current design makes it really complicated to be anonymous
In the world of transactions, it is understood as an anonymous transaction that third parties know neither the issuer nor the receiver and, as a particular transaction, those in which third parties do not know the amount and date, and why they are paid. That is, that privacy and anonymity are not the same. This allows Bitcoin to be plotted along with other payment methods even more privacy, below less privacy. More anonymity, left less anonymity.
Comparison between privacy and anonymity
For example, a cash transaction leaves no record anywhere, anything that can be reviewed by third parties. Only the sender and recipient know how much, when, where, who, and in what concept the transaction was made.
Here Bitcoin weakens as much as privacy: shows how much and when. Unlike money, however, anonymity improves or may seem to the point where neither the sender nor the receiver needs to know each other.