Oddbean new post about | logout
 
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Many new users who do not understand how bitcoin works are confused about the privacy angle of running your own node.

If you don't connect your wallets to your own node, you're using to somebody else's node to access the bitcoin network.

In doing so you are disclosing bitcoin addresses, balances, IP addresses, and in some cases your public key to a third party.

To preserve your financial privacy, you need to connect your wallets to YOUR full node through an electrum server that you run next to it.

Some advice:

1. Make sure that your wallets connect to your node BEFORE creating a private key or importing a public key.

2. Avoid any wallet that you cannot point to your own electrum server.

3. Learn how to read your server's logs to verify that the clients are connecting to it. Don't trust the UI of the wallet (you'd be surprised...)

4. If you've already ruined the privacy of a wallet, ditch it, and coinjoin your old outputs into new private keys.

5. Actually, it is a good idea to use someone else's node. But only if you do it anonymously, and only to BROADCAST your transactions to the bitcoin network:

mempoolhqx4isw62xs7abwphsq7ldayuidyx2v2oethdhhj6mlo2r6ad.onion/tx/push

explorerzydxu5ecjrkwceayqybizmpjjznk5izmitf2modhcusuqlid.onion/tx/push


> Resources in both English and Spanish:

youtube.com/40PaymentRequired