Bitcoin privacy is *worse than banks
Login to reply
Replies (3)
Lmao. What?? You don’t have to attach you ID to Bitcoin. Banking dollars are ALWAYS tied to your name
Don’t think we have the same definition of privacy. 😅
You do you, and if you every wanna try out p2p bitcoin , lightning, ecash, silent payments or any of the ways you can use #bitcoin privately, they will be there, OPEN FOR ANYONE, (unlike banks).
You're conflating anonymity and privacy.
You never have any privacy on bitcoin L1, but you can have weak pseudonymity that sooner or later is gonna bite you in the ass once you inevitably fail at utxo management (and if you're one of the few who can do it, congratulations, so am I, but having to do this is a downstream consequence of a badly designed system).
So that's what he meant, a bank's ledger at least is not public (it would be terrible even if the KYC data of the customers was elided, it's still information that shouldn't be public).
Bitcoin's?
Public. Forever.
You never making any mistake ever
versus
Relentless public eternity.
Guess who'll win, 99% of the times, for 99% of people?