No Privacy with Bitcoin: Everyone Knows Your Wealth and How It Changes
2 min read 6 days ago
Digital currencies like Bitcoin are categorized as cryptocurrencies. This term might create the impression of high privacy and security, where ownership remains entirely anonymous. However, this is not entirely accurate.
When using Bitcoin for purchases, sellers can learn about your financial situation, including the amount of Bitcoin you hold, its source, when you receive it, and how you spend it. It’s a complete privacy nightmare.