Is Bitcoin Private Enough To Maintain Our Financial Freedom?

The internet in its present form is lacking in user privacy and was not developed with strong privacy defenses from the start. Personal privacy is a required requirement for freedom.Until just recently monetary privacy was the default due to the comprehensive use of commodity cash such as gold and later on after that, money. The CoinJoin is positive personal privacy in that it severs the historic links connected to your bitcoin from any future deals, hence preventing blockchain data watchers from tracing the origin of the bitcoin. It is crucial to keep in mind however, that some centralized exchanges reject and flag deposits consisting of “blended coins” hence representing another choke point that can be used to secure down on Bitcoin privacy.Running your own node coupled with CoinJoins and buying non-KYC bitcoin adds an additional layer of personal privacy to your Bitcoin deals. As an entrance to the Bitcoin environment your node is responsible for transmitting deals, verifying the legitimacy of the bitcoin you get and hence protecting your privacy.

The internet in its existing type is deficient in user personal privacy and was not developed with strong personal privacy defenses from the onset. Privacy is a necessary requirement for freedom.Until just recently financial privacy was the default due to the comprehensive usage of product cash such as gold and later on after that, money. It is important to keep in mind however, that some centralized exchanges turn down and flag deposits consisting of “combined coins” therefore representing another choke point that can be utilized to secure down on Bitcoin privacy.Running your own node coupled with CoinJoins and purchasing non-KYC bitcoin includes an additional layer of personal privacy to your Bitcoin transactions.

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