Stop using banks and start using crypto! But how Private is it?

in #bitcoin5 years ago

If we want to take back our financial power, we need to stop using things like banks and credit cards, and start using cryptocurrency. Private online transactions are difficult, and so people are increasingly using privacy coins. But if you want to use non privacy coins like bitcoin and bitcoin cash, tools like coinjoin are great privacy layer that you should add.

In a previous episode I explained how you can use coinjoin with wasabi wallet for btc and electron cash wallet for bch:

...

But unless you’re careful when spending your newly mixed coins, you can undo the privacy that you’ve just created.

The new tool "CashFusion" might make this easier though, and developer Mark Lundeberg walks me through how it works.

It's not enough to just rail against government and companies stealing our data and spying on us: We need to use the tools already around us that are helping to give us back our privacy. Showing our support also encourages other companies to work on solutions in this current surveillance age. CoinFusion will launch soon, and I can't wait to check it out!

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Way to go, my dear ;)... privacy coins sound good to protect privacy a
little in transactions.
The much bigger challenge for #crypto future and to keep it healthy is
#5G .
90.000Hz having fatal effects on every living cell is no joke.
We need a healthy, non harmful and safe #wireless technology.
Believe me, i hate cables, too, but microwaving your health away
with millimeter waves is a dead end from the start.
This millimeter wave technology built in smart devices has its origin in weapon technology and i can show you some patents.
And it is no coincidence that the big telecommunication companys like telekom e.g. never tested it...
I will also open my own research site in the next 3-6 month
(after 20 years patent researching) to work in this direction and hopefully connect with some gutsy warriors/warrietts and smart minds.
Until then i hard-wire my Cryptos ;)
Be blessed
1 Love

privacy coins are great :)

I thought BISQ and BTC ATM were the only options to go truly anonymous. This sounds interesting.. will check it out.

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