Thread - Nostr Hypermedia

#Bitcoin is unware of KYC, but KYC + blockchain analytics can trace an individuals funds rather successfully. Of course, the user can always use #coinjoin to nueter these heuristics, effectively providing the same level of privacy as #Monero supposedly does. The real problem folks run into is the repatriation of mixed sats into the fiat system.

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Replies (2)

ShiShi21m shishi@nostrplebs.com 2 years ago

You can just spend it, what are they gonna know from that spend? I was pretty clear though, nonkyc btc is easy to obtain...

Saberhagen The Nameless 2 years ago

First part is true. Second sentence isn't. Amounts and addresses are completely hidden on Monero. Bitcoin is a public blockchain. The transaction graph is completely open for anyone to see. Nothing is hidden. Obfuscation is a weaker form of privacy that can be undone by surveillors with more data or user mistakes. And it happens often enough.