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Some people (myself included) would rather the system become worthless than anyone's privacy being at risk.
by ewillbefull 9y ago
Some people (myself included) would rather the system become worthless than anyone's privacy being at risk.
- runeks 9y agoSo you’d rather lose your savings than have anyone reveal your holdings? This seems to me like a rather extreme point of view. I mean, you have to keep your savings somewhere, right? You need savings for when you retire. And no alternative offers 100% anonymity, so in that case you would risk your anonymity for the security of your savings, right? I’m not saying cryptocurrency will comprise even a minor part of your retirement savings any time soon, but perhaps in 10/20/30 years?
- ewillbefull 9y agoIt depends entirely on what you're doing. There are people who "save" cryptocurrency and depend on its long-term value, but there are also people who are more worried about going to prison (or being murdered/extorted) than whether their coins will be worth anything in a few years. The problem is that non-private cryptocurrencies are permanent records of financial activity. I would rather risk soundness now than privacy forever, especially when there are post-quantum paths forward and our current assumptions are reasonable.