Author: Justin Newton 2016-06-23 22:44:34
Published on: 2016-06-23T22:44:34+00:00
The email thread on the bitcoin-dev mailing list discusses the issue of privacy and data protection in Bitcoin transactions. One user raises concerns about UK legislation that compels service providers to hand over data if requested by authorities. Justin Newton, CEO of Netki, responds by explaining that BIP75 allows users to exchange information via software wallets, such as breadwallet, so that the information only exists on two phones and is not stored on the blockchain. He also notes that hosted platforms may be subject to subpoenas, but users can choose not to use BIP75 at all and leave no residue on the blockchain or in public view. Newton believes that the solution provided by BIP75 is the best available for protecting user privacy and fungibility and welcomes discussion on how to improve it. However, he acknowledges that some people need to know who they are transacting with for fraud reduction and regulatory reasons. The conversation ends with Newton providing his contact details.
Updated on: 2023-06-11T18:44:06.146881+00:00