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> ... are first in line to the banks/services with the strongest privacy guarantees (swiss banks, cryptocurrencies, e2e chat apps, etc). I'm not sure why crypt
by jmyeet 5y ago
> ... are first in line to the banks/services with the strongest privacy guarantees (swiss banks, cryptocurrencies, e2e chat apps, etc).
I'm not sure why crypto got bundled in there because it's anything but private. The entire transaction history is public. That's kind of the point. Look at tainted Bitcoins [1] and the couple caught trying to launder the Bitfinex Bitcoins [2].
Crypto is not private by design.
[1]: https://cipherblade.com/blog/tainted-bitcoin-isnt-what-you-think-it-is/ https://cipherblade.com/blog/tainted-bitcoin-isnt-what-you-t...
[2]: https://www.nytimes.com/2022/02/13/nyregion/bitcoin-bitfinex-hack-heather-morgan-ilya-lichtenstein.html https://www.nytimes.com/2022/02/13/nyregion/bitcoin-bitfinex...
- umvi 5y ago> I'm not sure why crypto got bundled in there because it's anything but private It's pseudonymous, which is similar to private. As long as you don't allow your pseudonym (wallet id) tied to your real identity, you can do all sorts of naughty stuff and get away with it.
- crtasm 5y ago> Crypto is not private by design. Bitcoin is not the only cryptocurrency: https://en.wikipedia.org/wiki/Monero https://en.wikipedia.org/wiki/Monero https://en.wikipedia.org/wiki/Zcash https://en.wikipedia.org/wiki/Zcash