Bitcoin Offers Privacy, but Costs You Anonymity

in gjdkhls •  2 years ago 

Bitcoin is a digital currency. It allows you to send and receive money without the need for an intermediary like a bank or other financial institution.

Bitcoin is also anonymous and private, but it is not completely anonymous. The Bitcoin blockchain records all transactions, which means anyone can tell who has how many bitcoins at any given time.

However, you can use Bitcoin on the Internet anonymously. You are not required to use your real name when logging in or making purchases with your bitcoins. You don't even need to give your address unless you want people to know where they can send the bitcoins they received from you.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
image.png
please click it!
image.png
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.