Are Businesses Turning to Bitcoin in a Dangerous Way Following the Hong Kong Protests?

Written by alexa.eth | Published 2019/09/08
Tech Story Tags: bitcoin | hongkong | freedom | hongkongprotests | latest-tech-stories | hackernoon-top-story | bitcoin-spotlight | bitcoin-adoption

TLDR Businesses in Hong Kong begin accepting Bitcoin, but could it be risky? Hong Kong is at the epicenter of a political furor over personal lives being invaded by the government without the permission of the citizens. Bitcoin acceptance carries a huge risk for both merchants and consumers: it’s only pseudonymous at best. The government can track the Bitcoin used back to exchange wallets and therefore back to the individual in question. Bitcoin is a public ledger that allows anyone to track transactions. Unfortunately, Bitcoin has none of these obfuscation features built in.via the TL;DR App

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Written by alexa.eth | #NFT #AI #Gaming and everything in between
Published by HackerNoon on 2019/09/08