This article is featured in Bitcoin Magazine’s “The Privacy Issue”. Subscribe to receive your copy by clicking on this link here.
When Craig Raw speaks, it’s imperative to listen. His authoritative voice carries a weight that underscores the urgency of his message. It’s like that inner voice that nags at you when your Bitcoin security is compromised.
Raw, the creator of Sparrow Wallet, a popular Bitcoin desktop wallet among enthusiasts, emphasizes the importance of privacy and self-sovereignty. In a time where Bitcoin is increasingly subject to KYC regulations and custody within closed systems, Raw’s reminder to prioritize these concepts is crucial.
To maintain privacy when using Bitcoin, Raw suggests starting with the basics. Avoid address reuse and rounded amounts in transactions to prevent correlation and maintain anonymity on the blockchain. Sparrow Wallet offers additional privacy features like ‘fake two person coinjoins’ to enhance transaction confidentiality.
Addressing concerns about custodial platforms, Raw emphasizes the risks of relinquishing self-custody of Bitcoin. While not condemning the use of custodial services, he stresses the importance of understanding and valuing self-custody.
Raw acknowledges the painful lessons many learn in their Bitcoin journey but sees it as a valuable learning experience that can push users towards better security practices and privacy awareness. He believes that collective pain may be necessary for society to recognize the significance of privacy in a free society.
Despite the challenges, Raw remains hopeful about Bitcoin’s potential to empower individuals and bring about positive change. Sparrow Wallet, designed as both a tool for self-custody and an educational platform, reflects Raw’s commitment to advancing privacy and security in the Bitcoin ecosystem.
While Sparrow Wallet is currently focused on desktop usage for optimal security and usability, Raw remains open to future developments but highlights the importance of aligning with the core principles of financial self-sovereignty.
