[Cryptography] What are the privacy implications of bitpay
jamesd at echeque.com
jamesd at echeque.com
Sun May 19 05:18:32 EDT 2019
With the designed method of bitcoin, you can pay someone quite
anonymously. They issue payment address, which is actually a public
key, and then value mysteriously appears in the blockchain for that
public key, with no indication of how it got into the blockchain.
Bitpay, however, initiates a direct conversation between the payee and
the wallet, and it looks to me that entities cosy with the state are
pushing bitpay onto us, demanding payment by bitpay.
Bitpay initiates a conversation between the website and the wallet, and
thus, and thus, modulo vpns and all that, locates the physical location
of the wallet. But that in itself is pretty harmless, because you have
to interact with their website anyway, so you already leak that information.
What additional information goes into a bitpay payment? Seems to me
that it is being pushed for ulterior and unrevealed reasons.
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