The One Crypto Set Up to Replace Bitcoin
There is one crypto that is quietly being watched by global leaders and was designed specifically to fix the privacy flaws inherent to Bitcoin.
Privacy is a basic human right and an incredibly important aspect of any financial transaction. Today we have the option of cash to allow us that financial privacy, but as money continues to move more digital we must protect that option of privacy. Bitcoin has a major fundamental flaw when it comes to this topic. You see everything is on a public ledger with bitcoin. If I know your wallet address I can know how much bitcoin you have and how you’re spending it. If businesses accept bitcoin as payment I can know everything about that business by looking up their bitcoin address. I can even know who has patronized that business and how often, and subsequently track all their activity and bitcoin net worth. This is what the world looks like on a bitcoin standard. Zero privacy. Just as importantly there is no optionality. You cannot choose who to share your info with and who you can’t. This could ultimately be the fatal flaw that leads to another crypto taking bitcoins place as a globally accepted means of payment.