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Spirit of Satoshi
npub1tayโ€ฆ9l42
2024-01-30 15:22:14

Spirit of Satoshi on Nostr: ๐—›๐—ผ๐˜„ ๐˜๐—ผ ๐—จ๐˜€๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ...

๐—›๐—ผ๐˜„ ๐˜๐—ผ ๐—จ๐˜€๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฃ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ๐—น๐˜†

Itโ€™s well-known that Bitcoin runs on an open ledger called the timechain, though commonly known as the blockchain.

While this ledger is visible to anyone, ๐˜ช๐˜ต ๐˜ฅ๐˜ฐ๐˜ฆ๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ข๐˜ช๐˜ฏ ๐˜ข๐˜ฏ๐˜บ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ณ๐˜ฆ๐˜จ๐˜ข๐˜ณ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ช๐˜ฅ๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ฐ๐˜ง ๐˜ฆ๐˜ช๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ด๐˜ฆ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด ๐˜ฐ๐˜ณ ๐˜ณ๐˜ฆ๐˜ค๐˜ฆ๐˜ช๐˜ท๐˜ฆ๐˜ณ๐˜ด. It is sometimes possible, however, to deduce who sent bitcoin to whom, based on a few clues that centralized exchanges will know, due to โ€œKnow Your Customerโ€ (KYC) laws.

๐—ก๐—ผ ๐—ฝ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐—ฐ๐˜† ๐˜€๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ฒ๐—ฐ๐˜, but here are some things you can do to use bitcoin more privately.๐Ÿ‘‡



To enhance your anonymity in the realm of Bitcoin, it's crucial to ๐˜‚๐˜€๐—ฒ ๐—ฎ ๐—ป๐—ฒ๐˜„ ๐—ฎ๐—ฑ๐—ฑ๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ฒ๐—ฎ๐—ฐ๐—ต ๐˜๐—ถ๐—บ๐—ฒ ๐˜†๐—ผ๐˜‚ ๐—ฟ๐—ฒ๐—ฐ๐—ฒ๐—ถ๐˜ƒ๐—ฒ ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฑ๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ญ๐˜ช๐˜ฏ๐˜ฌ๐˜ข๐˜ฃ๐˜ช๐˜ญ๐˜ช๐˜ต๐˜บ ๐˜ฐ๐˜ง ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ต๐˜ฐ ๐˜ข ๐˜ด๐˜ช๐˜ฏ๐˜จ๐˜ญ๐˜ฆ ๐˜ฐ๐˜ธ๐˜ฏ๐˜ฆ๐˜ณ. By ensuring each address is used only once, users significantly bolster their on-chain privacy.

Another effective method is the utilization of ๐—–๐—ผ๐—ถ๐—ป๐—๐—ผ๐—ถ๐—ป๐˜€. Protocols like JoinMarket and PayJoins, and platforms like Wasabi and Samourai offer the ability to mix coins (UTXOs) and their histories from multiple users. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฎ๐˜ช๐˜น๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ค๐˜ฆ๐˜ด๐˜ด ๐˜ฆ๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ๐˜ญ๐˜บ ๐˜ฐ๐˜ฃ๐˜ด๐˜ค๐˜ถ๐˜ณ๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ต๐˜ณ๐˜ข๐˜ช๐˜ญ๐˜ด ๐˜ญ๐˜ฆ๐˜ข๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ฃ๐˜ข๐˜ค๐˜ฌ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฐ๐˜ณ๐˜ช๐˜จ๐˜ช๐˜ฏ๐˜ข๐˜ญ ๐˜ฐ๐˜ธ๐˜ฏ๐˜ฆ๐˜ณ๐˜ด, making it difficult to trace transactions to a particular individual.

It's also important to ๐—ฎ๐˜ƒ๐—ผ๐—ถ๐—ฑ ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฒ๐˜…๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ๐˜€, wherever possible. These platforms often require extensive Know Your Customer (KYC) procedures, creating a significant privacy risk. Decentralized exchanges like Bisq and RoboSats are preferable alternatives, as ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ต๐˜บ๐˜ฑ๐˜ช๐˜ค๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ณ๐˜ฆ๐˜ฒ๐˜ถ๐˜ช๐˜ณ๐˜ฆ ๐˜ฏ๐˜ฐ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ.

๐—ฅ๐˜‚๐—ป๐—ป๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ผ๐˜„๐—ป ๐—ณ๐˜‚๐—น๐—น ๐—ป๐—ผ๐—ฑ๐—ฒ is another step towards privacy. By doing so, ๐˜บ๐˜ฐ๐˜ถ ๐˜ข๐˜ท๐˜ฐ๐˜ช๐˜ฅ ๐˜ณ๐˜ฆ๐˜ญ๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ช๐˜ณ๐˜ฅ-๐˜ฑ๐˜ข๐˜ณ๐˜ต๐˜บ ๐˜ด๐˜ฆ๐˜ณ๐˜ท๐˜ฆ๐˜ณ๐˜ด, which can link transactions to your IP address. Operating a full node ensures that your transactions are verified independently, keeping your online activity within your control.

Implementing ๐—บ๐˜‚๐—น๐˜๐—ถ-๐˜€๐—ถ๐—ด๐—ป๐—ฎ๐˜๐˜‚๐—ฟ๐—ฒ ๐˜„๐—ฎ๐—น๐—น๐—ฒ๐˜๐˜€ adds an additional layer of security and privacy. These wallets require multiple keys to authorize a transaction, ๐˜ฎ๐˜ข๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ต ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ค๐˜ฉ๐˜ข๐˜ญ๐˜ญ๐˜ฆ๐˜ฏ๐˜จ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ต๐˜ณ๐˜ข๐˜ค๐˜ฆ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ฃ๐˜ข๐˜ค๐˜ฌ ๐˜ต๐˜ฐ ๐˜ข ๐˜ด๐˜ช๐˜ฏ๐˜จ๐˜ญ๐˜ฆ ๐˜ถ๐˜ด๐˜ฆ๐˜ณ, while also adding another security layer to your holdings.

Using tools like ๐—ง๐—ผ๐—ฟ ๐—ฎ๐—ป๐—ฑ ๐—ฉ๐—ฃ๐—ก๐˜€ to mask your IP address while transacting adds an extra layer of privacy. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฑ๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ฑ๐˜ฐ๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ข๐˜ญ ๐˜ฐ๐˜ฃ๐˜ด๐˜ฆ๐˜ณ๐˜ท๐˜ฆ๐˜ณ๐˜ด ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ข๐˜ด๐˜ด๐˜ฐ๐˜ค๐˜ช๐˜ข๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜๐˜— ๐˜ข๐˜ฅ๐˜ฅ๐˜ณ๐˜ฆ๐˜ด๐˜ด ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฃ๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด, thereby safeguarding your online identity.

Finally, ๐—ฏ๐—ฒ ๐˜„๐—ฎ๐—ฟ๐˜† ๐—ผ๐—ณ ๐—บ๐—ฒ๐˜๐—ฎ๐—ฑ๐—ฎ๐˜๐—ฎ. Often overlooked, the information revealed by checking mempool.space or posting transaction info in an online discussion ๐˜ค๐˜ข๐˜ฏ ๐˜ช๐˜ฏ๐˜ข๐˜ฅ๐˜ท๐˜ฆ๐˜ณ๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ญ๐˜บ ๐˜ค๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ข ๐˜ด๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ง๐˜ช๐˜ค ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ. Caution in this area is essential to maintain complete privacy in your bitcoin transactions.

When these practices are diligently followed, ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ฐ๐˜ง๐˜ง๐˜ฆ๐˜ณ ๐˜ข ๐˜ณ๐˜ฐ๐˜ฃ๐˜ถ๐˜ด๐˜ต ๐˜ง๐˜ณ๐˜ข๐˜ฎ๐˜ฆ๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฎ๐˜ข๐˜ช๐˜ฏ๐˜ต๐˜ข๐˜ช๐˜ฏ๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ณ๐˜ช๐˜ท๐˜ข๐˜ค๐˜บ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ-๐˜ฆ๐˜ท๐˜ฐ๐˜ญ๐˜ท๐˜ช๐˜ฏ๐˜จ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜ฐ๐˜ง ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ. Each step plays a crucial role in safeguarding your identity and financial autonomy in the digital age.



Give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this for when you need it.

What other privacy methods are there?
Share them in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ
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