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> I want to be able to buy stuff without centralized entities following me everywhere. Isn't the blockchain a record of everything you do from here until etern
by lancesells 4y ago
> I want to be able to buy stuff without centralized entities following me everywhere.
Isn't the blockchain a record of everything you do from here until eternity? I understand your wallet might not be connected to you but that's only going to last for so long. I'm not completely up to speed on this so I could be wrong.
- bombcar 4y agoMonero is supposedly designed to prevent this, but most of the big chains are completely open.
- thingification 4y agoI haven't studied it, but I believe ZCash https://z.cash/ https://z.cash/ is not designed to eliminate that record (that's what a blockchain is right?), but to encrypt it and then use zero-knowledge proofs to show the validity of the transactions. That seems like it might be the best of both worlds in some ways: laws can be enforced when it's genuinely important to do so (the record is there so presumably if you seize people's keys you can verify transactions), but not so cheaply as to entail practical mass surveillance and tyranny. In principle presumably a possible weakness is later large-scale decryption if the encryption gets broken -- but that's arguably much less useful to the would-be tyrants and surveillers.
- once_inc 4y agoSecond layer decentralized solutions for this exist: Lightning Network.