[ExI] John Lennon’s Son: Bitcoin ‘Transcends the Physical World’

[BillK]

On Tue, 24 Nov 2020 at 18:58, Dave Sill via extropy-chat
<extropy-chat at lists.extropy.org> wrote:
>
> On Tue, Nov 24, 2020 at 10:57 AM spike jones via extropy-chat <extropy-chat at lists.extropy.org> wrote:
>> I can see why it would be popular in the US: it enables selling of signed blank ballots without risk of getting caught.
>
>
> I don't know if this is humor, political nonsense, or just wrong, but it's not true:
> https://bitcoin.org/en/protect-your-privacy
>
> "Bitcoin works with an unprecedented level of transparency that most people are not used to dealing with. All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network."
>
> -Dave
> _______________________________________________


Ooooh, that quote is a bit misleading about Bitcoin privacy.   :)

If you read the whole article, Bitcoin transactions are public, but
pseudo-anonymous.
i.e. no real names are attached to transactions. For casual users it
takes quite a bit of techie research to analyse the chain and
eventually work out who did it.
The article  mentions that research into increasing Bitcoin privacy is
ongoing and suggests techniques like using an online pseudonym (e.g.
Satoshi Nakomoto) and Tor to hide IP addresses and many other options
to increase privacy.

Also see: <https://99bitcoins.com/buy-bitcoin/anonymously-without-id/>
If a user wants privacy and knows what they are doing it will be
impossible to tie Bitcoins to a real person.



BillK