6 ms·

But wallets can be swapped all the time, even moment to moment.

mattlondon 5y ago
Each time you are adding more immutable data to the Blockchain, which cannot be undone. Each of your identities - to which all of your digital content is tied - is permanently associated with that ID. So if you just have throw-away wallets, how do you use that with your content? You cannot "own" your content if you keep having to abandon wallets to get a fresh advertising ID. And if you keep several different compartmentalized wallets around, as soon as you move something from one to the other or use a different wallet with the same login, you have permanently and irredeemably linked those identities.
- chrischattin 5y ago
  - xmprt 5y ago
    I've studied blockchains a little bit but I don't understand how you can transfer funds between two wallets that you own without linking them. How would that be possible without either having some kind of zero sum proof (which none of the popular blockchains are using) or allowing an exploit which enables people to mint new tokens from thin air?
    - magicjosh 5y ago
      Tornado.cash is one such project. They are working on making Ethereum behave like cash in terms of privacy/anonymity.
      - misnome 5y ago
        My understanding was that using such services basically blacklists the wallet from transacting with anywhere “reputable”?
        magicjosh 5y ago
        Cash isn't traced at every step into an immutable ledger. Why should cryptocurrency? Relevant ZK podcast episode: https://zeroknowledge.fm/111-2/ https://zeroknowledge.fm/111-2/
    - pmontra 5y ago
      You send the coins to your other wallet, exactly as if you were sending them to me. Of course you pay a fee to the miners.
      - xmprt 5y ago
        Wouldn't you be able to trace that transaction back to the original wallet?
    - chrischattin 5y ago
      Generating a new public key doesn't add data to the blockchain. Only when you sign a transaction. And if you're talking identities, as in moving around websites, there's no way to link your various public addresses (logins) unless you explicitly do so using the private key you used to generate the public address. Or, you could use the same public address. So, it depends on what you want to do. Do you want privacy? Or, do you want the site to know your activity history? The beautiful thing is, you get to choose.
  - rowathay 5y ago
    I don’t see a single incorrect statement in that post.
- derangedHorse 5y ago
  Yeah but at that point it’s up to the user. There’s a way to stay anonymous but just like anything relating to privacy, users have to be well informed about their risks and mitigations to be able to manage their data effectively.

Each time you are adding more immutable data to the Blockchain, which cannot be undone. Each of your identities - to which all of your digital content is tied - is permanently associated with that ID. So if you just have throw-away wallets, how do you use that with your content? You cannot "own" your content if you keep having to abandon wallets to get a fresh advertising ID. And if you keep several different compartmentalized wallets around, as soon as you move something from one to the other or use a different wallet with the same login, you have permanently and irredeemably linked those identities.

chrischattin 5y ago
- xmprt 5y ago
  I've studied blockchains a little bit but I don't understand how you can transfer funds between two wallets that you own without linking them. How would that be possible without either having some kind of zero sum proof (which none of the popular blockchains are using) or allowing an exploit which enables people to mint new tokens from thin air?
  - magicjosh 5y ago
    Tornado.cash is one such project. They are working on making Ethereum behave like cash in terms of privacy/anonymity.
    - misnome 5y ago
      My understanding was that using such services basically blacklists the wallet from transacting with anywhere “reputable”?
      - magicjosh 5y ago
        Cash isn't traced at every step into an immutable ledger. Why should cryptocurrency? Relevant ZK podcast episode: https://zeroknowledge.fm/111-2/ https://zeroknowledge.fm/111-2/
  - pmontra 5y ago
    You send the coins to your other wallet, exactly as if you were sending them to me. Of course you pay a fee to the miners.
    - xmprt 5y ago
      Wouldn't you be able to trace that transaction back to the original wallet?
  - chrischattin 5y ago
    Generating a new public key doesn't add data to the blockchain. Only when you sign a transaction. And if you're talking identities, as in moving around websites, there's no way to link your various public addresses (logins) unless you explicitly do so using the private key you used to generate the public address. Or, you could use the same public address. So, it depends on what you want to do. Do you want privacy? Or, do you want the site to know your activity history? The beautiful thing is, you get to choose.
- rowathay 5y ago
  I don’t see a single incorrect statement in that post.
derangedHorse 5y ago
Yeah but at that point it’s up to the user. There’s a way to stay anonymous but just like anything relating to privacy, users have to be well informed about their risks and mitigations to be able to manage their data effectively.