Why Micropayments? The Internet Was Meant To Provide Value To Users, Not Spy On Them

Bitcoin Magazine Why Micropayments? The Internet Was Meant To Provide Value To Users, Not Spy On Them

This is the first in a 10-episode video series focusing on Bitcoin privacy, filmed at bitcoin++ Privacy Edition in Riga and elsewhere. Each episode will touch on some aspect of Bitcoin privacy, tools to use Bitcoin privately or surveillance techniques.

Privacy is heads, censorship resistance is tails. They’re two sides of the same coin.

Everything people do together is inherently interactive. When those interactions cannot be conducted privately, when they become common public knowledge, the participants can be subjected to external pressure. They can be shunned, shamed, jailed or penalized in many other ways.

Without privacy, you have no censorship resistance. Without privacy, most pe