I respectfully disagree, I think adoption would be harder if it was private. Bitcoin you can verify, if it was private you would have to trust.
Bitcoin White Paper 10. Privacy, "The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the "tape", is made public, but without telling who the parties were."
NodeRunner / Bitcoin Samurai
npub1gm…ge7cw
2024-10-08 10:33:34
in reply to nevent1q…hw2p
Author Public Key
npub1gmr63m3a7zr8v5xq4vphwz4f45cfev4ytglq83mze9uvae3khevsege7cwPublished at
2024-10-08 10:33:34Event JSON
{
"id": "1fd907a9cf84031130036a3f099bf40606afdc5d4b7275b1f61ceb60a22a2147",
"pubkey": "46c7a8ee3df0867650c0ab03770aa9ad309cb2a45a3e03c762c978cee636be59",
"created_at": 1728383614,
"kind": 1,
"tags": [
[
"e",
"99cd11c310fbaf0a3f97a03bf2bcd200765f75e900297fb2ffc83d739fabf114",
"",
"root"
],
[
"e",
"e61d16c3ff3a098eb43ee49bfa78ece463600391e6e85af759d5241260765975",
"",
"reply"
],
[
"p",
"2aadfb8ac7d43aca6d164ed99248147910048269601ff60d4463c4d5b3abfdcd"
],
[
"p",
"bc77cfa45c9ac013cb351c9cbec8573a9b1b7f23136d2d98085d82f7ba79a17f"
]
],
"content": "I respectfully disagree, I think adoption would be harder if it was private. Bitcoin you can verify, if it was private you would have to trust. \n\nBitcoin White Paper 10. Privacy, \"The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the \"tape\", is made public, but without telling who the parties were.\"",
"sig": "e8852d6b40f498c6e516379cbdcc0f0b0afddf6c6c0b503c812cf7a9c36fee280f0e911fda194d30aaf5726be70aafa726ed3cb543e47dbcbbbf0e40fe969dd9"
}