E012. Bitcoin Poses the Biggest Threat to Privacy

Some Bitcoin "pumpers" falsely claim that Bitcoin improves upon the current monetary system in terms of privacy. This is patently false.

Due to the fact that all transactions are public information, it is not only easier for any authorities to track and trace but also trivial for criminals and corporations big and small to extract financial information.

In this episode, I discuss this "bug" (or feature, depending on your perspective). I also suggest that a new global reserve system may be built on the blockchain based on SDR.

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