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This is a pseudointellectual treatise that advocates for financial privacy by effectively taking all your transactions, publishing them online under a pseudonym
by arcticbull 4y ago
This is a pseudointellectual treatise that advocates for financial privacy by effectively taking all your transactions, publishing them online under a pseudonym, emailing them to every global law enforcement agency and saying "bet you can't figure out who I am!"
Bet you they can.
The idea that a glacial L1, so slow that it would require 75 years to onboard everyone onto the L2 (and the better part of a trillion dollars of electricity), that publicly publishes all transactions for the FBI and the PRC to feed into their automated de-anonmyization tooling is somehow a panacea for privacy - because the author is three punchbowls deep in the Koolaid - I mean I have no idea where to even begin. It beggars belief.
Then they have the gall to mention Hong Kong as though every bit of traffic in and out of the island isn't going through the microscope of the PRC. If you think you can transact under the nose of the PRC on Bitcoin and they'll have no idea what's happening, I've got tokenized ownership of the Hong Kong-Zhuhai-Macau bridge [1] to sell you. Those transactions are prosecution futures. They know exactly what they were for, they were letting you make them, and if you're a dissident, look out.
Physical, offline cash is the only true decentralized, censorship resistant peer-to-peer payment method that's difficult to trace. If you believe in privacy, let's throw some weight behind Rohan Grey's ecash. [2]
[1] https://en.wikipedia.org/wiki/Hong_Kong–Zhuhai–Macau_Bridge https://en.wikipedia.org/wiki/Hong_Kong–Zhuhai–Macau_Bridge
[2] https://ecashact.us https://ecashact.us