RE: Up and Coming Privacy Coins: Cloak, Spectrecoin, DeepOnion

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Up and Coming Privacy Coins: Cloak, Spectrecoin, DeepOnion

in cryptocurrency •  7 years ago 

Many people think that BTC is anonymous and trackless. They are not. The only way to make really anonymous transactions is through TOR. The fact that this currencies are based from the get go on TOR is what makes them interesting. Thanx.

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7 years ago by

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      ·  7 years ago 

    Tor is not enough for Bitcoin privacy as it only helps against network analysis but not blockchain analysis. But this should be the default way of using Bitcoin, that's why I'm currently suggesting either Electrum (PC) or Samourai Wallet (Android) as the wallet software for the new users (nothing good supporting Tor on iOS currently AFAIK). And then on top of that there are various techniques, like CoinJoin, to make Bitcoin transactions less trackable.

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