Cryptocurrency Q&A
Why is bitcoin a privacy hazard?
Why is bitcoin a privacy hazard?
ShadowFox
Sun Nov 24 2024
|
7 answers
1674
I've heard that Bitcoin can be a privacy hazard. I want to understand why it is considered so. Is it because of the way transactions are recorded on the blockchain or is there some other reason that makes bitcoin a threat to privacy?
7 answers
SolitudeSeeker
Tue Nov 26 2024
The blockchain ledger system introduced a significant privacy concern.
Was this helpful?
399
53
Davide
Tue Nov 26 2024
In the world of Bitcoin, each payment was visible to everyone.
Was this helpful?
231
61
Claudio
Tue Nov 26 2024
This transparency applied to both legitimate and illegitimate transactions.
Was this helpful?
296
35
emma_rose_activist
Mon Nov 25 2024
While the system ensured that every payment was recorded, it also meant that everyone was a potential observer.
Was this helpful?
227
30
Caterina
Mon Nov 25 2024
To maintain anonymity, users employed pseudonymous addresses.
Was this helpful?
113
42
Load 5 more related questions
