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Signal Is Playing with Fire
- flaburgan 5y agoSo the point of the article is, because (maladjusted?) actual laws are against it, don't try anything? I understand the worries, but I personally can't wait for a way to easily and quickly give money to someone which doesn't involve Visa or MasterCard. In a moving world where new things are created daily, I don't like the monopoly those two have for years.
- brianoconnor 5y ago> I personally can't wait for a way to easily and quickly give money to someone which doesn't involve Visa or MasterCard Is that really the only way for many people? Where do you live? In most European countries you can connect your bank account to Paypal. And many countries have sms/phone number based transfer systems.
- tssva 5y agoIn the US you can connect your Venmo, PayPal, Cash app, etc to your bank account and not involve Visa or MasterCard in quickly transferring money.
- V__ 5y ago> Last year, current and former Signal employees told me they were worried about what that combination would bring to the app. Anonymous transactions would likely attract criminals, they told me, and that in turn would attract regulatory scrutiny. Given that end-to-end encryption already faces legal challenges around the globe, they said, Signal’s addition of anonymous payments was a needless provocation. And it could give more ammunition to lawmakers who want to end encryption as we know it. This hits the nail on the head and worries me about Signals future. For some reason I feel like this is their first step "towards the dark side".
- tata71 5y agoThey're one of the few entities that both feels, and is capable of carrying, the responsibility we all have to the next generation, who deserves the free internet that we enjoyed.
- YXNjaGVyZWdlbgo 5y agoCan you explain what you mean by "the free internet we enjoyed" in regards of anonymous payments and encrypted messaging? Because I can't remember any of those in the "good old days".
- Proven 5y ago
- tata71 5y agoIn the 90s, there was no chilling effect (search it) of persistence being known, or the consequences of such being understood. People treated posting on BBS like yelling into the grand canyon, and a million other beautiful stories from a million other perspectives.
- YXNjaGVyZWdlbgo 5y agoWhat? You think signal is the new "grand canyon"?
- tata71 5y agoNo. I just think they have the money and userbase to help keep the Canyon clean.
- CheezeIt 5y agoWe have to play with fire. The alternative is a cashless future in which every transaction is tracked and every person is subject to total financial surveillance. KYC must die.
- traceddd 5y agoI find it hilarious that instead of using a battle tested and widely known cryptocurrency that relies on actual cryptographic techniques, like Monero or Zcash, they’ve embraced a crypto that basically no one has heard about, no one was using, and relies on Secure Enclaves for privacy. Which are very likely backdoored by Intel and/NSA or at the very least one hack away from total compromise. SGX has had hacks already.
- tssva 5y agoFor me crypto currency just screams con and Signal including it makes me suspicious regarding the real priorities of those running the show at Signal and whether I can trust Signal moving forward.