teachin_bitcoin on Nostr: ...
Dad: Son, who else can see my balances on the Bitcoin blockchain?
Son: Hi Dad,
Everybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-)
Dad: Is this not a huge privacy issue?
Son: You will be fine if you use Bitcoin correctly.
Dad: Son, please define "used correctly".
Son: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely.
#Bitcoin
Published at
2024-11-23 01:39:34Event JSON
{
"id": "f0ab2d165342baf0cc69e99eed883f48c577c59b593ed7df507c7d4bb5025d4a",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1732325974,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/everybody-can-see-all-balance-blockchain.png\n\nDad: Son, who else can see my balances on the Bitcoin blockchain?\nSon: Hi Dad,\nEverybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-)\nDad: Is this not a huge privacy issue?\nSon: You will be fine if you use Bitcoin correctly.\nDad: Son, please define \"used correctly\".\nSon: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely.\n\n\n#Bitcoin",
"sig": "dd03fa7ca27bc5daeea764e796b8542ae639fe300dbf161370466e3daf034da2b4bdea475ed7c2d335518eb51bacfeca9da2c919d50787f3dcb710017ec5ca08"
}
