(Video) Bitcoin + Privacy - Everything you need to know if you transact with Bitcoin (BTC)!

in #bitcoin5 years ago

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Privacy is a fundamental human right and that includes financial privacy. This is the freedom to make financial transactions away from the prying eyes of private or state/government actors. Unfortunately with the world moving towards cashless, we're giving up one of the best methods for permission-less transactions - physical cash. Fortunately, many people have pointed towards Bitcoin/cryptocurrency for a more private, digital alternative.

However Bitcoin's privacy still has room for improvement. This was even noted by Satoshi in the white-paper. So in this video we'll touch on 6 specific topics for how you can practice privacy-improving processes when utilizing and transacting with Bitcoin (BTC). These include techniques such as Avoiding Address reuse, Coin Control, CoinJoin (& mixing services), Reusable Payment Codes, Lightning Network, and Avoiding change addresses. Some of these do require special wallets such as the Wasabi wallet or Samourai wallet (for RPCs).

We hope you do enjoy this video and learn how to increase your privacy when using Bitcoin!

Watch the video here

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