What is Nostr?
WonteetZebugs / Wonteet Zebugs
npub1ugt…xyvc
2023-10-12 13:45:41
in reply to nevent1q…05ln

WonteetZebugs on Nostr: KYC : if you bought liquid bitcoin on a KYC exchange (or with a payment method that ...

KYC : if you bought liquid bitcoin on a KYC exchange (or with a payment method that requires KYC on an exchange).

You can make a transaction graph since the addresses are not confidential, only the amounts are confidential :
https://blockstream.info/liquid/address/ex1qqfugcurkz6hcvz7lnqtfpfga0zld5fnqle50sq

If you buy at a merchant store and give your name or address, that information can be used, in combination with the transaction graph, to make assumptions as to other addresses that would be linked to you. Not the amounts but the destination of funds.

If you live under tiranny like in North Korea, Iran, Canada, the US, Australia, China, Russia, etc, that can be dangerous.

I like liquid and use it. But I believe coin control would improve the privacy guarantees it offers.
Author Public Key
npub1ugtcn9u9qj8wzhdxd2cugcemseuazs0fd3fxq974u7cej889sjusynxyvc