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Question answered on Musing.io by deathcross

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· @deathcross ·
Question answered on Musing.io
<a href="https://musing.io/q/thomas90/how-can-you-sure-that-blockchain-system-is-privacy-safe-what-makes-blockchain-as-most-safe-system-than-others">View this answer on Musing.io</a>
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authordeathcross
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json_metadata"{"app":"musing/1.1","appTags":["blockchain"],"appCategory":"blockchain","appTitle":"How can you sure that blockchain system is privacy safe? What makes Blockchain as most safe system than others?","appBody":"<p>Transactions are visible on the blockchain by Bitcoin and most other cryptos. The question is if we know who has the account and from where money goes there.</p>\n<p>You can make a totally anonymous account of the following way: download a Bitcoin (ether etc.) address generator software to an offline computer. Generate a new address. (\"Cold wallet\".) Deposit the keys in a very safe place. Send money to this address. Never put the keys online until you need the money.</p>\n<p>But the sending address should be also anonymous to hide you. You can make an online wallet from a public internet connection, hiding your identity with VPN (proxy) server or Tor network. And buy crypto from an anonymous, random person (for example some stranger in an internet cafe, or some offshore peer-to-peer trading system.) Send this crypto &nbsp;to your cold wallet mentioned above.</p>\n<p>Other options (more <a href=\"http://szotar.sztaki.hu/search?searchWord=supplementary&amp;fromlang=all&amp;tolang=all&amp;outLanguage=hun\">supplementary</a>): use special privacy cryptos, or crypto mixers. (https://duckduckgo.com/?q=bitcoin+mixer)</p>\n<p>Bitcoin safety is another issue. Basically proof-of-work ledger makes the system safe, the effort miners have to make to register data in blockchain. You need the energy of entire power plants to take over the control of the system.</p>","appDepth":2,"appParentPermlink":"fknslnhgq","appParentAuthor":"thomas90","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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