Are Bitcoin and Zcash really Pseudonymous NSA spying on cryptocurrency users.

in #cryptocurrency7 years ago





How much privacy are we gaining in our transactions by using cryptocurrency coins such as Bitcoin, or Zcash. That is the question people have been asking in light of Former NSA employee Edward Snowden's revelation.

The National Security Agency wistleblower shed light on a program called "Monkeyrocket". Apparently, this service was supposed to add more anonymous factors to the use of bitcoin protocol. But, in fact is more of a trojan horse. Giving the NSA a great deal of information about the user, location, transactions, private keys, etc. How about that for privacy?

Zcash is a decentralized, cryptocurrency that provides users with privacy, utilizing something called zero-knowledge proofs cryptography called zk-SNARKs. It is superior to bitcoin in this aspect, concerning private transactions, while it is based off of bitcoins open source code. It is questionable wether users of Zcash have had their privacy breached by the NSA through monkeyrocket, I highly doubt that it has not been vulnerable from this type of trojan horse style information snooping.

Terrorist activity, and money laundering aspects of crypto , seem to be the key to the NSA justifying the surveylance. It is not surprising that this "monkeyrocket" program exists, with more and more people entering the cryptospace. Even today, the NSA could be spying on users of crypto. It will be up to us, the crypto community , to stay vigilant on keeping our rights from being violated by the government.


Any comments, suggestions, and donations are appreciated.
Thank you. Greg P.
[email protected]

Donate Bitcoin (BTC) - 3NK42fLLcrb3geGwMwfpSNXBciaHseYyVM

Donate Bitcoin Cash (BCH) - qrgrk3f0vrsva3hgsg6v7p7nskt3p35xdudzjex4u0

Donate Ethereum (ETH) - 0x5b83cF768b11d9ADC493c4C55ca1F2119D70dc92

Donate Litecoin(LTC) - MLfWdSKsqKCjYTEPzAWDFHVs7sbdGaofdr

Donate Monero (XMR) -
9t1Kim4X56yjZx9k8n9UkKeWPWkmtErvniFLrSA2eFFuDCp4VaTySiciv1rNyzgJTZ7vzdxPpAmMcEFf59tMv4aw1h51Fdo

Sort:  

Congratulations @gpwebers! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @gpwebers! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!