3 ms·
Primary use case is privacy. Just like "right to be forgotten" in Europe, as part of GDPR, which is a law on the books. Blockchains cannot forget, and everythin
by chrisco255 4y ago
Primary use case is privacy. Just like "right to be forgotten" in Europe, as part of GDPR, which is a law on the books. Blockchains cannot forget, and everything is traced, so the only way to be forgotten on chain is via a mixer of some sort.
- amanaplanacanal 4y agoSo perhaps don't do business on chain if you are looking to be anonymous.
- lowkey 4y agoAlso stay off the internet if you don't live in the EU and wish to stay anonymous.
- chrisco255 4y agoThat's my right as a sovereign, free man, to decide how I do my business. And it's not for you or anyone else to decide what math or algorithms I use to achieve that.
- tick_tock_tick 4y agoThat is a good point at present most blockchains are almost certainly illegal in the EU. Wonder which country is going to jump on that first.
- irusensei 4y agoGDPR doesn’t apply to financial data either. You can’t ask a bank to forget you and they are obligated to keep your records.
- irusensei 4y agoJust chiming in to say that GDPR doesn’t apply to financial data. Financial companies are obligated to keep you data for a long period of time and is a case where GDPR requests do not apply.