TEACH ME BITCOIN, SON. on Nostr: Dad: Son, who else can see my balances on the Bitcoin blockchain? Son: Hi Dad, ...
Dad: Son, who else can see my balances on the Bitcoin blockchain?
Son: Hi Dad,
Everybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-)
Dad: Is this not a huge privacy issue?
Son: You will be fine if you use Bitcoin correctly.
Dad: Son, please define "used correctly".
Son: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely.
#Bitcoin
Published at
2026-07-04 10:46:54 CESTEvent JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1783154814,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/everybody-can-see-all-balance-blockchain.png\n\nDad: Son, who else can see my balances on the Bitcoin blockchain?\nSon: Hi Dad,\nEverybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-)\nDad: Is this not a huge privacy issue?\nSon: You will be fine if you use Bitcoin correctly.\nDad: Son, please define \"used correctly\".\nSon: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely.\n\n\n#Bitcoin",
"sig": "156df06f44cd375a177f55bbf2d0586658059c76d8a7f9fcb4e8f22c57ffb98140e8a0755293f13b6814594798b662c0d9d5ff3792222462dbcfe8d867327607"
}
