If you have been current with pop culture and the news, Britney Spears news shouldn’t be new to you. But just in case you are not conversant with the news let me give you a brief summary.
Britney Spears is a successful pop artist who has been on the entertainment show business for almost 20 year or more, not really sure. She had a mental breakdown few years ago which made the court hand over legal conservatorship to her dad. Conservatorship is is the process where an adult who is deemed unfit to take care of theirselves or manage their finance is given another adult to act as their guardian. In the case of Britney Spears her conservator was her dad. But recently it has been a matter of concern because people especially her fans are worried and feel that the conservatorship has gone far into life and they are not really sure if it’s becoming of Britney Spears best interest anymore.
This is because of the terms surrounding the conservatorship. This means that Britney Spears is not allowed to make certain decision without her dad’s approval. Her dad literally runs her life down to what she wears and buys.
Investigators gather some information and found out that the pop star has been using bitcoin to make small purchases far back in 2014 because she had no other choice. She used it to hide purchases from her dad, even after she claimed she was mentally alright at that time. This is the advantage of bitcoin because bitcoin and cryptocurrency gives liberation to people who have restricted financial access.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
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Very interesting. Your points are well taken about privacy on the Bitcoin Blockchains. Although depending on how she hit her fiat onto the exchange, it could be relatively private right? Just one of hundreds of Bitcoin wallets, but I guess there could also trails from the Bitcoin to purchasers to delivery of goods.Most of it comes down to record keeping by those who facilitate transactions.
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Yes, probably
If the merchant revealed her address, nothing would be private.
Zcash or Monero are more well suited for this kind of transacting, Zcash was conceived with this precise kind of transaction in kind, or a Birthday present for example on the positive side.
Was zcash in existence by 2014?
Yes, in 2011 it was already being drafted on a white paper to resolve these privacy issues pertaining to psuedoanonymous identifiers being used as addresses.
Adam Back complemented the developments as being potentially required if the big brother state figured out how to beat Bitcoins weak privacy preserving layers.
Do you know who Adam Back is?
No I don’t know who Adam back is. Is he the developer?
Adam Back invented, what is mining. Hash Cash was his baby, which bitcoins SHA-256 algo was based on. Adam Back is one of a handful of developers who interacted with the satoshi nakamoto alias early in bitcoins development.
I am very supportive of Adam Backs work on PoW.
Wow!
I'm just seeing this news for the first time and I am really thrilled by what cryptocurrency is really doing in our current world.
It’s a revolution