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RE: LeoThread 2025-01-24 13:25

in LeoFinance3 days ago

Part 5/9:

A significant portion of the discussion revolved around the perceived transparency of the Bitcoin blockchain. Matthew responded to criticisms regarding potential "doxxing" through blockchain transactions by noting that while Bitcoin is pseudonymous, it is not entirely transparent. He illustrated this by highlighting that while some addresses are publicly visible on the blockchain, they do not always correlate directly to an individual or entity's identity—contrasting sharply with claims of total transparency.

His response addressed the common misconception that all Bitcoin transactions can easily expose a user's identity, emphasizing that many factors work to protect Bitcoin users' privacy—if they know how to manage it effectively.

The Fungibility Debate between Bitcoin and Monero