Bitcoin. Financial Confession

With hodlers placing their faith and devotion in Bitcoin with the same fervor as Gods of old, the comparisons to religion abound. Bitcoin is a financial confession.

Each transaction is visible on the blockchain forever. It’s attested to by the signature from the private key to transfer the funds in the ledger. It lays bare the parties to the transaction in an immutable record set, protected by the power of the energy consumed in the mining process.

While enhanced privacy technology is desired for Bitcoin in the future, today, all transactions are plainly visible to users of the network. They tell of your sins, vices, and virtues. There is no Bitcoin penance yet!