Contrast that to using a credit card

Collection of structured data for analysis and processing.
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zihadhosenjm40
Posts: 1040
Joined: Sat Dec 21, 2024 3:36 am

Contrast that to using a credit card

Post by zihadhosenjm40 »

Contrast that to using a credit card or a digital wallet where the bank knows your identity and can track every single transaction you did since the the beginning of your banking relationship.

This can be done with Bitcoin as well. If you buy your bitcoin mexico whatsapp number data an exchange, those bitcoin are linked to your identity, and exchanges can then sell your data to analytics companies who track the bitcoin over time. Plus, if exchanges are not responsible with that data, it could be used by hackers or other criminals.

Using bitcoin privately is definitely a process, so it’s not for everyone, but if you like tinkering, are technically minded, and care about online privacy, then collecting non-KYC sats via at-home bitcoin mining is definitely worth it. This is why some people mine bitcoin at home even if their expenses exceed the revenue (1 BTC still equals 1 BTC).

2. Add More Hashrate & Network Security
If you own some bitcoin, will start to care about the Bitcoin network. If Bitcoin succeeds, it’s likely that the price of bitcoin will go up, and you’ll be more wealthy because of it. Bitcoin hash rate is directly related to network security, and the higher the hashrate, the more secure the network is from block reorganization from a 51% attack.
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