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It's very strange to me that people in the decentralized web3 world mention transparency while on their next breath talk about anonymity as part of the culture.
by Dowwie 5y ago
It's very strange to me that people in the decentralized web3 world mention transparency while on their next breath talk about anonymity as part of the culture. People have been anonymous in the crypto world because they've been targeted by hacker-thieves and robbed of their digital assets/currency. If you're a high-caliber software developer who creates highly-coveted DAO programs, you will be a target and consequently need to protect your identity. On the other hand, if you're a malicious actor, you also benefit by the anonymity and can introduce various measures into the DAO that advance your own personal interests at the cost of the rest. With anonymity, you avoid being held accountable by any legal system. There was a major DAO project that ended horribly bad. Were the bad actors held accountable?
- deleted 5y ago[deleted]
- timdaub 5y agoI've been part of the space since years, and regarding the anonymity argument, I've never heard that anonymity protects against crypto-thieves. May be true though. But, I think generally it's wrong too. Neither does it mean that when you're a prolific dev, you're crypto rich. Or that you have to display your richness to everyone. The main reason I think people have opted to be anonymous is to avoid regulation. I've written a dedicated blog post about this topic: https://timdaub.github.io/2021/10/08/detokenization-or-anonymization/ https://timdaub.github.io/2021/10/08/detokenization-or-anony...