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TC is a protocol that lets users privatize their wallets. "Privacy is good" and "privacy is not a crime" should be enough reason to understand its value. Some
by whatisweb3 4y ago
TC is a protocol that lets users privatize their wallets. "Privacy is good" and "privacy is not a crime" should be enough reason to understand its value.
Some example applications:
- User wants to anonymously donate to another country that their current regime is currently at war with.
- User wants to pay for an abortion without it being easily traceable.
- User with a public ENS identity wants to hold ETH on a private account that is not linked to their public identity. This might be for safety reasons, or another reason such as wanting to make investments that are not broadcast to the entire world.
The attack against TC is the US government saying "you are not entitled to privacy here, and if you even so much as try to seek privacy, you will be treated as a criminal and have all of your assets frozen."
- RandomLensman 4y agoI think already on your first point you would struggle to find much backing in the US if it includes US citizens being allowed to donate to a country actively at war with the US. If that is the society you want to have, I think you'll face an uphill battle. If you want no or very little policing of money, need to make probably some proposal to prevent certain things in other ways.
- whatisweb3 4y agoThe first point is alluding to Russian-born Vitalik donating to Ukraine anonymously through TC[1]. [1] https://twitter.com/vitalikbuterin/status/1556925602233569280 https://twitter.com/vitalikbuterin/status/155692560223356928...
- RandomLensman 4y agoYes, but the stated point was much broader. If you want a narrower reading then we kind of agree that probably some policing might be needed, no?
- whatisweb3 4y agoThe same questions arise around E2EE, and whether those protocols should be policed more heavily and backdoored by governments.