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
2026-09-26 06:36:26 UTCEvent JSON
{
"id": "3f1a8a2a1bf18af587224ba30e9ea1d272fc01c2199f7fee2dddda6e6b0933df",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1790404586,
"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": "fb111f488e6d22f4e788bfd5cdd4b46d936cf2345626fc056d527d858a05e116a3f3f1f7b2774e99ed7647c283a28ed23a96e7a79f3522ff75063bae7fae1bc1"
}
