



What is a Privacy Coin & What Makes Them Private?

Ring Signatures are used to mask senders. Stealth Addresses are used to mask recipients. Ring Confidential Transactions (RCT) mask the transaction amount. PrivateSend

One of bitcoin’s wonderful features is it’s open, public ledger. This level of transparency, however, comes with some drawbacks. Anyone can see your wallet, it’s balance and your transaction history. This problem is alleviated a bit in the BTC community by using Coin Joins, for which Wasabi Wallet is well-known, or in the BCH community by using Cash Shuffle on wallets like Electron . Based on my recent chat with Craig Wright , I don’t expect to see the BSV community ever implement any such privacy features. Nevertheless, the fact remains: privacy is not a native feature of any version of bitcoin.Enter privacy coins.Privacy coins are cryptocurrencies that utilize features designed to mask data surrounding a transaction. Some concealable data points include the identity of the sender and/or recipient, the amount of the transaction, as well as wallet balances.Some of the features used to accomplish these tasks include, but are not limited to:Monero & Dash are two of my favorite privacy coins currently available for counter-economic purposes. Monero uses features 1-3, making it private by default. Dash makes good use of a secondary layer of masternodes to enable it’s PrivateSend feature. Either one of these options should keep you safe from the prying eyes of the parasites infesting the Indian Parliament.It’s also worth mentioning there are a host of other privacy coins out there to choose from. Edward Snowden famously expressed support for ZCash On episode 42 of The Agora , cyber-security expert John McAffee endorsed Apollo . Apollo’s list of features are indeed impressive to say the least. The project aims to incorporate all of the existing privacy features mentioned above with IP masking, encrypted data transport, an encrypted messaging service, it’s own dedicated, decentralized and untraceable marketplace, uncensorable cloud-based file storage, a token platform, and a decentralized exchange!The Indian government can go to hell.Technology is outpacing governments & as they grow increasingly desperate, their actions will become increasingly irrational, just as a thief being strangled will flail and kick as he nears his last breath.It’s important to remember that we’re ready for this. We’ve been expecting it and have developed the tools necessary to fight the bastards off. Check out the wallets and coins mentioned above, use a VPN & run a full node on Tor.They can't stop progress.