One thing I don't really like about it, because I'm not to technical or cypher punk yet, is that my balance and transactions is visible. How do you view this point?
Like McAfee pointed out, if you pay the shoemaker, he will be able to view your account from that point on.
Replies (4)
And isn't a merchant a weak point of security because he has transaction knowledge and maybe address to a person who have made trades.
This is questions I ponder atm, but sometimes to scared to express them because it alludes to not having faith in bitcoin or being put in a stall with monero maxies.
Valid point. This is why a lot of people use lightning for everyday transactions and keep on chain transactions only for funding lightning wallets or savings.
I think the public ledger its essential to bitcoins design. That said you can have the level of privacy you chose in bitcoin. You can do coincontrol, go off and onchain, do collaborative transactions etc to break the Common-Input-Ownership heuristic and gain privacy all depending on your situation.
shout out>;.;<John*****
