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Cash is effectively a giant tumbler. All the privacy technologies in the cryptocurrency space are just trying to replicate the base privacy functionality of cas
by CryptoPunk 5y ago
Cash is effectively a giant tumbler. All the privacy technologies in the cryptocurrency space are just trying to replicate the base privacy functionality of cash.
The reason why surveillance-state-centered interests cannot ban cash is that the public wouldn't stand for it. It's too ingrained in the culture and economy. The same needs to happen with private cryptocurrencies. We need MetaMask to adopt a confidential transaction standard the same way the major websites adopted HTTPS over a decade ago. We still have time as the financial mass-surveillance laws in place were designed for trusted third party financial intermediaries, and not peer-to-peer finance.