Bitcoin Private: The ‘In God We Trust’ Crypto

I will assume most U.S. readers are aware of the 2017 Equifax data breach as it affected about half of the entire U.S. population, around 143 million people. Equifax is one of three nationwide credit-reporting companies that tracks and rates the financial history of U.S. consumers (CNN 2017 http://cnnmon.ie/2FM2Cfy). I probably don’t even have to mention but, the Equifax hackers stole names, social security numbers, addresses, birth dates, and some driver's license numbers. More than likely, either you or someone you know was/are adversely affected in one way or another by this monumental hack. Unfortunately, more hacks like this are still happening and unavoidable, here ya go: Applebees Warns Customers That Hackers May Have Accessed Their Credit Card Data (Forbs 2018 http://for.tn/2HjW2fJ). If only we could replace our credit cards with something that is decentralized, open sourced, no, not Bitcoin, something more Private with cool snark security, no founders reward, a sick community, and faster!

Look no further, Bitcoin Private (BTCP) has got it all (https://btcprivate.org)! BTCP, a crypto currency, is everything good about Bitcoin (BTC) but with more privacy, faster, and cheaper. Currently, all Bitcoin transactions are traceable (Reply All 2017 http://bit.ly/2IiOAmq). Even God could not conceal its BTC transactions (who sends, who receives, and the amount). As the President would say, “Sad.” No, Mr. President! Don’t get sad, get BTCP! BTCP has got your back with privacy technology ZK-Snarks allowing you to hide your transaction sender, receiver, and amount. With speeds 4-6 times faster, this coin can do day trading laps around the competition.

So what does all of this have to do with Equifax? How can Equifax prevent getting hacked using BTCP? They can’t. Technologically credit cards are in no way blockchain and ZK-Snark private like BTCP, concealing the sender, receiver, and transaction amount. On top of that the credit card companies are easily hacked as a 2015 MIT study of credit card data (Science 2015 http://bit.ly/2IiTm3p) tested and found holes in the credit card companies strategy to anonymize the data they collect. The MIT researchers were able to reverse engineer a credit card users anonymized data in their 2015 study. They only needed three to four sets of anonymized data to trace it back to the credit card user. This is just one of many reasons why credit card companies and merchants are very much hackable.

“The study shows that when we think we have privacy when our data is collected, it's really just an «illusion»," said Eugene Spafford, director of Purdue University's Center for Education and Research in Information Assurance and Security. Spafford, who wasn't part of the study, said it makes "one wonder what our expectation of privacy should be anymore." (CBS 2015 http://cbsn.ws/2FDfvej)

The answer is to replace credit cards with BTCP an ‘In God We Trust Crypto.’ This coin is the next level security we all need in order to out smart the cyber criminals of our time.