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No, they are arguing against extreme positions. With public ledgers like Bitcoin, everybody can reconstruct your financial history if they know your wallet add
by hesk 4y ago
No, they are arguing against extreme positions.
With public ledgers like Bitcoin, everybody can reconstruct your financial history if they know your wallet address.
With privacy-focused blockchains, nobody can do that.
However, with a bank, your financial history is not publicly available but the bank still can perform checks to guard against money laundering.
- tromp 4y ago> With privacy-focused blockchains, nobody can do that. There are several different levels of privacy [1]. Some hide amounts and wallet addresses, while still exposing the transaction graph. [1] https://forum.grin.mw/t/scalability-vs-privacy-chart https://forum.grin.mw/t/scalability-vs-privacy-chart