TD₿: Bitcoin Must Become Untraceable by ReasonTV
TL;DR Bitcoin's creator designed it to be radically transparent, but the tools exist to make it as hard to trace as cash.
Hey Bitcoiners,
Some of Bitcoin’s most important properties is its resistance to censorship and confiscation.
This is especially true when Bitcoin is used throughout the world by people living under authoritarian regimes.
It’s important to realize that when these people use Bitcoin in these hostile jurisdictions, they often commit a crime in their government’s eyes and risk being detained just for using Bitcoin.
Therefore, tools around Bitcoin that further enhance the privacy of transactions are vital to protect these individuals who are using this technology as a lifeline.
Today, tools already exist that allow individuals to use Bitcoin more privately, but it takes a high level of technical expertise to use them.
ReasonTV released this video earlier in the week that looks at how Bitcoin can be used more privately and why it matters. (07/20/2022)
Bitcoin is inherently transparent, which is crucial for everyone on the network to audit the ledger, but privacy is also key for it to remain uncensorable and resistant to government control.
I’m encouraged by the privacy improvements that have been made on Bitcoin over the last several years, but as an industry, we should continue to develop tools that beginners and experts alike can use to better protect their privacy when transacting on the Bitcoin network.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“For greater privacy, it's best to use Bitcoin addresses only once.” - Satoshi Nakamoto, Inventor of Bitcoin
Job of the Day
Top Bitcoin hardware company, Coinkite, is looking for a Mobile Engineer to build and maintain an app wallet and Bitcoin tools app. This is your chance to work with a team that makes some of the coolest Bitcoin products on the planet!
Not your particular skillset? Check out all the Bitcoin jobs at bitcoinerjobs.com.
Event of the Day
Tomorrow — Join Bitcoiners from 7:30 am to 6:00 pm for Bitcoin Day in Denver, Colorado at the History Colorado Center! Tickets can be found here.
Bitcoin Day is a traveling regional conference providing an opportunity for those who are passionate about Bitcoin to meet and discuss sound money.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
