– Privacy and fungibility for Bitcoin :
+ Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. In addition, transactions can be linked to individuals and companies through “idioms of use” (e.g., transactions that spend coins from multiple inputs indicate that the inputs may have a common owner) and corroborating public transaction data with known information on owners of certain addresses. Additionally, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal information. To heighten financial privacy, a new bitcoin address can be generated for each transaction.
Wallets and similar software technically handle all bitcoins as equivalent, establishing the basic level of fungibility. Researchers have pointed out that the history of each bitcoin is registered and publicly available in the blockchain ledger, and that some users may refuse to accept bitcoins coming from controversial transactions, which would harm bitcoin’s fungibility.For example, in 2012, Mt. Gox froze accounts of users who deposited bitcoins that were known to have just been stolen.
– What is the real value of bitcoin : https://youtube.com/shorts/SJzEnFBiiJE
– what is bitcoin : https://youtube.com/shorts/ciyU3jZYbfA
– Is Bitcoin scam : https://youtube.com/shorts/ycKNDY3xYDc
– Bitcoin Decentralized : https://youtube.com/shorts/oDhPHPEADiY
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