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This is a demonstration of non-ledgered electronic currency's huge transparency problem, one of the reasons I have pledged to go freegan for my food and shelter
by forgotmypw17 6y ago
This is a demonstration of non-ledgered electronic currency's huge transparency problem, one of the reasons I have pledged to go freegan for my food and shelter.
If I sell you a widget for a dollar, I have no idea whether you earned that dollar honestly or by robbing someone's natural resources.
Conversely, if you give me an honest dollar for my widget, you have no idea if I stole it myself.
It is a continuous and persistent process of obscuring the origins of every single thing you pay for and pay with, and it's causing direct and grave harm to us all.
For me, the privacy trade-off is negligible, when I consider that my privacy has already been eroded to nothing as far as the data banks are concerned.
I'll gladly trade all the fine minutia of my life in return for transparency everywhere else in the world.
Imagine if everything you paid for could be traced dozens, hundreds, thousands of steps through its journey from mud to widget!