Bitcoin: Our Best Tool for Privacy and Identity on the Internet

Cryptocurrencies can improve security and grant users more granular control over when and how they choose to identify themselves. Here's how. 

Poor security and poor privacy have costs: identity theft, merchant compliance costs, chilling effects on speech, and cloaking costs from user self-help. Cryptocurrencies, such as Bitcoin, can be used to improve security and grant users more granular control over when and how they choose to identify themselves. We outline these potential benefits and describe how they can be achieved without hamstringing the investigatory powers of law enforcement or the goals of financial regulators.

A direct download of this report is available here

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permisionless blockchain technologies.