CD40: using bitcoin privately at Human Rights Foundation Oslo Freedom Forum with Evan Kaloudis and Janine Roem
Oct 8, 2021
auto_awesome
Bitcoin enthusiasts Evan Kaloudis and Janine Roem discuss the importance of privacy in using Bitcoin and the risks associated with not taking privacy precautions. They also delve into tools for privacy, blockchain surveillance technology, and the challenges of digital security. They explore the potential of Bitcoin for private use and emphasize the need for security.
Enhancing Bitcoin privacy can be achieved through methods such as mining at home, using KYC-free services, and leveraging second layer solutions.
Protecting Bitcoin transactions requires maintaining internet privacy through encrypted messaging, cautious use of authentication methods, and employing browser extensions to prevent tracking.
Deep dives
Bitcoin is not private by default
Bitcoin transactions are recorded on the public blockchain and can be viewed by anyone. This lack of privacy can pose risks, especially for activists in authoritarian regimes.
Risks of using regulated on-ramps
When using regulated exchanges or custodial wallets, personal identification information is often required, which can be linked to your Bitcoin addresses. This information can be vulnerable to leaks, hacks, or government surveillance.
Mitigations for improving Bitcoin privacy
There are several ways to enhance Bitcoin privacy. These include mining Bitcoin at home for a more private acquisition, using KYC-free services like peer-to-peer trading, earning Bitcoin directly for goods and services, and leveraging second layer solutions like the Lightning Network and CoinJoin to break transaction heuristics.
The importance of internet privacy
Internet privacy is crucial for protecting Bitcoin transactions. Recommendations include using encrypted messaging platforms, being cautious of SMS-based two-factor authentication, using Tor browser and VPNs for added security, and employing browser extensions to prevent ad tracking.