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Good. Serves them right for making the layman more likely to associate "crpyto" with get-rich-quick schemes rather than important privacy-protecting technology
by 394549 8y ago
Good. Serves them right for making the layman more likely to associate "crpyto" with get-rich-quick schemes rather than important privacy-protecting technology.
- Barrin92 8y agoI never understood the privacy point either. crypto technology to me seems like the opposite of privacy respecting. The entire ledger is public, so all my transactions are public and traceable through history. If someone ever figures out which wallet belongs to me, I'm done for, which is a horrible single point of failure. The same thing for smart contracts really, by advertising them as doing away with trust and middlemen and calling it a feature, they are demanding that key parts of transactions are made public, traceable and constantly measured. All of it seems to me panopticon like rather than focused on privacy. It has obfuscated the only good thing (the identity of the person I buy from, which I care about), and made transparent all the bad things (my and their personal history)