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While Bitcoin transactions are quasi-anonymous they can be tracked using the right tools and techniques. “Stealth addresses” aim to solve this issue by fully hiding both the public key and/or transaction amount.
“Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.”
“Our goal is not to placate and obey the rules of the people responsible for navigating the world into a permanent financial crisis. With or without their permission, we are going to build a better future out of the ashes of this system which they broke.”
“There may be situations where we need to choose between innovation and transparency… when forced to choose between the two, we will err on the side of transparency.”
“If we’re not able to follow the money, criminal organizations will easily risk the loss of one conspirator and a certain sum of money to profit overall from a system that conceals their trail… eliminating the anonymity in virtual currencies is an appropriate balance to that concern.”
“Stealth addresses increase privacy for a recipient by allowing you to publish a stealth address, which is like a seed which the sender then uses to generate a unique one-use Vertcoin address for the transaction. All the transactions remain public on the blockchain, but knowing the entire transactional history of your stealth address is now no-longer possible except for you, the holder of the secret key.”
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