this post was submitted on 05 Apr 2024
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Privacy
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The whole point of Bitcoin is the public ledger. It's never been about privacy.
I understand that but the fact I need to verify my identity to purchase something that is meant to be decentralised seems counter intuitive, no?
No. It's neither anonymous nor decentralized. If you buy Bitcoin, you're interacting with one central Bitcoin blockchain, with identifiable wallets.
One blockchain that has no master node aka decentralised
I don't know if you understand how the blockchain works