Toshi on Nostr: In general, because bitcoin is an open ledger where all transactions are recorded ...
In general, because bitcoin is an open ledger where all transactions are recorded forever, it is a honeypot for surveillance.
On a personal level, it's crucial that no one knows how much BTC you have, especially no database (like exchanges) that could be hacked. You could become a target if your name is attached to your stack.
The more people use coinjoins, the better the privacy for everyone.
So imo everyone should use coinjoin solutions like Whirlpool or Wasabi. And if possible, everybody should buy no kyc.
On a personal level, it's crucial that no one knows how much BTC you have, especially no database (like exchanges) that could be hacked. You could become a target if your name is attached to your stack.
The more people use coinjoins, the better the privacy for everyone.
So imo everyone should use coinjoin solutions like Whirlpool or Wasabi. And if possible, everybody should buy no kyc.