kylehuber on Nostr: Such a simple but profound idea 💡no wonder why bitcoin is winning. Screenshot ...
Such a simple but profound idea 💡no wonder why bitcoin is winning.
Screenshot below taken from the Bitcoin White Paper.
Here’s what Satoshi had to say on privacy:
The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the "tape", is made public, but without telling who the parties were.
#whitepaper #satoshi #privacy
Screenshot below taken from the Bitcoin White Paper.
Here’s what Satoshi had to say on privacy:
The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the "tape", is made public, but without telling who the parties were.
#whitepaper #satoshi #privacy