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RE: 🔒 Is Bitcoin really private?

in #monero6 years ago

It might be pretty privat to an every day person. But its absolutely not privat to companies. Just imagine you use it every day to purchase stuff from Amazon and whatnot. They know from which address the money cam and where they deliver the goods. Govs will know who you are in no time.

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Thanks for your comment @c0wtschpotato! Totally agree with you, I am sure also a lot of scammers and thieves are attracted to public ledgers, combined with social engineering it is a recipe for disaster. Many have been scammed that way already. With privacy coins like MoneroV this can be avoided.