this post was submitted on 02 Jul 2023
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Privacy Hub

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Privacy hub is your one stop hub for all things privacy, security and freedom. We know that there’s nothing private in the internet. But at least we can find ways to minimize risk by identifying threat models and act accordingly. Got a story to tell? Or something to share? Feel free to jump in!

UPDATE: Got started with a guide here: https://lemmy.world/post/954144

Will add more soon.

Until a more comprehensive list can be made in this community check out https://www.privacytools.io/ as a starting place to begin your privacy journey. NOTE: that some recommendations in that site are closed-source as pointed out by @lemmy.world/u/rooki.

Some ammendments we would like to point out

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Since the original 2008 white paper introducing blockchain technology, bitcoin and other cryptocurrency transactions have been touted as completely anonymous and private. But how anonymous are crypto transactions really?

Earlier this year, $3.6 billion in bitcoin was seized from a Manhattan couple who were arrested and charged with money laundering in connection with a 2016 hack on the Hong Kong cryptocurrency exchange Bitfinex. It was the largest financial seizure in the Justice Department's history.

Law enforcement went to great lengths to trace the illicit funds, including tracking the stolen bitcoin through a complicated web of transactions spanning multiple countries. It took six years, but authorities eventually caught up. More recently, researchers have demonstrated traceability via unintentional patterns in bitcoin's transactional data -- the bigger a data set gets, the more patterns show up. And patterns can be identified and tracked.

Read more at: https://www.cnet.com/personal-finance/crypto/are-cryptocurrency-transactions-actually-anonymous/

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[–] Nerrad 2 points 2 years ago (1 children)

Use Monero (XMR) for privacy. You can obtain anonymity in Bitcoin, but its hard to maintain. Most people can't do it reliably. If you send Bit on to or from a kyc wallet, it's all over. The taproot soft fork holds opportunity for privacy on Bitcoin, but I think it has a way to go until available.

[–] Frostwolf 1 points 2 years ago

The KYC is concerning. For instance, Binance started requiring not just IDs but proof of income documents. While from a financial standpoint, this is understandable to a degree, privacy-wise, it tells a grim and scary picture not only because it has implications at the personal level but because it is contradictory to the initial intention of cryptocurrencies in general, which is the decentralization of “cash” or payments.

[–] Rooki 1 points 2 years ago

Bitcoin is anonymous in the part that the public addresses are not directly identifiable. But all transactions are identifiable and the most "buy" and "sell" are from tracking websites.

Not something like monero. That is in many cases better and more anonymous.