Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

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Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
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If you have a question, please try searching for previous discussions, maybe it has already been answered
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How can I save my money in crypto privately and safe? (lemmy.world)

submitted 1 day ago by mlxdy@lemmy.world to c/privacy@lemmy.ml

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Hardware wallets like Trezor and Ledger are terrible choice for privacy as they're more like hot wallets. You need to download their shitty electron app to configure your wallet and even if these apps are open-source I can't consider them safe, because they have toooooo much features. At the same time they're missing basic features like connecting through TOR network to them which should be must have as they rely heavily on internet features like online exchanges which can easily reveal your data.

Do you have any idea how to access crypto easily while at the same keep it private and safe?

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[–] voxel@feddit.uk 1 points 1 day ago (2 children)

Not a good idea. The value changes rapidly.

[–] shortwavesurfer@lemmy.zip 1 points 6 hours ago

By comparison, Monero is actually quite stable because it actually has real-world usage. I would recommend using the six-month or one-year simple moving average because that stops market fluctuations from changing the value of your net worth in fiat.

Somebody above said that Monero wasn't a good investment and I have to disagree. Because if I'm going to invest in a cryptocurrency, I would much rather nobody know I have it than to have paper fiat gains visible for everybody online to see.

[–] mlxdy@lemmy.world 0 points 1 day ago (1 children)

So what do you recommend for storing money privately (except cash)?

[–] Skankhunt420@sh.itjust.works 1 points 17 hours ago

Use an unfreezable stable coin like DAI and convert to monero when you want to make private transactions. Never attach the ETH address with the stablecoin to your identity in any way no KYC or anything.