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
2025-02-15 00:25:53Event JSON
{
"id": "ba2c19b85f45f4ea69aa893dcd680613a94f7bc06507dd2397f7fe2254a3af85",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1739579153,
"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": "868e7f3dc6621d397e7ef19406c3c4affdcf43dca87a24ab7b920b25fb1f2616a31571c836d4acc69feae5a4d64920603580f184af8ad220fbb6fe2c2df23ca9"
}
