Days ago, I posted about the privacy of Bitcoin, and it went completely unnoticed. I believe this was intentional, as many Bitcoiners prefer not to shed light on the darker sides of their beloved "idol."

Don't get me wrong...I’m a huge Bitcoiner myself, perhaps even more "maxi" than many here. But I think it’s crucial to acknowledge the limitations of this tool, too.

Yesterday, the SEC chair called Bitcoin and cryptocurrencies a financial panopticon, and I'm growing increasingly concerned about this. As I mentioned in my original post, I know people who work for agencies involved in blockchain intelligence, and the things they’ve shared with me have left me quite unsettled.

We’ve always understood that Bitcoin makes a tradeoff between decentralization, transparency, and resistance to censorship, versus privacy. But I don’t think we’ve fully grasped the implications of this: especially now, with the rise of AI technologies that are significantly aiding governments and institutions in this space.

Maintaining privacy on Bitcoin is becoming harder every day, and I fear it will be nearly impossible in a few years if things continue this way.

I’m really curious to hear your honest opinions: How do you perceive this issue? How are you preparing to maximize your privacy on Bitcoin?

Let’s not shy away from uncomfortable topics, ignoring them doesn’t do anyone any good.