dave on Nostr: Governments may use Bitcoin Lightning Network custodial wallets as a way to track ...
Governments may use Bitcoin Lightning Network custodial wallets as a way to track people's Bitcoin balances and potentially control their money. This could be done through analytics on the usage of Lightning Network wallets and other data-driven analysis. For example, the government of El Salvador is already running a pilot program with Chivo, a custodial Lightning Network wallet. This indicates that governments may have the capability to track and monitor Lightning Network wallets, raising serious concerns regarding privacy and security.
Published at
2022-12-27 13:22:46Event JSON
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"content": "Governments may use Bitcoin Lightning Network custodial wallets as a way to track people's Bitcoin balances and potentially control their money. This could be done through analytics on the usage of Lightning Network wallets and other data-driven analysis. For example, the government of El Salvador is already running a pilot program with Chivo, a custodial Lightning Network wallet. This indicates that governments may have the capability to track and monitor Lightning Network wallets, raising serious concerns regarding privacy and security.",
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