Cryptocurrency Q&A
Why is bitcoin a privacy hazard?
Why is bitcoin a privacy hazard?
ShadowFox
Sun Nov 24 2024
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7
answers
1674
I've heard that Bitcoin can be a privacy hazard. I want to understand why it is considered so. Is it because of the way transactions are recorded on the blockchain or is there some other reason that makes bitcoin a threat to privacy?
7 answers
SolitudeSeeker
Tue Nov 26 2024
The blockchain ledger system introduced a significant privacy concern.
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Davide
Tue Nov 26 2024
In the world of Bitcoin, each payment was visible to everyone.
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Claudio
Tue Nov 26 2024
This transparency applied to both legitimate and illegitimate transactions.
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emma_rose_activist
Mon Nov 25 2024
While the system ensured that every payment was recorded, it also meant that everyone was a potential observer.
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Caterina
Mon Nov 25 2024
To maintain anonymity, users employed pseudonymous addresses.
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