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But actually conducting an anonymous payment, even on a blockchain, is not straightforward at all, and it’s almost certainly a bad idea to do so on a permanent
by ethanbond 4y ago
But actually conducting an anonymous payment, even on a blockchain, is not straightforward at all, and it’s almost certainly a bad idea to do so on a permanent public ledger.
- illiac786 4y agoWell I am not super savvy and I managed to use MobileCoin in Signal... What other mean of online anonymous payments exist? I'm not very up to date on this front.
- ethanbond 4y agoNeat! I haven’t tried that, and someone above said Monero is actually pretty easy. But people imagine e.g. Bitcoin transactions to be anonymous (they’re not), and zcash is (last I saw) the most private option but also (last I saw) it was extremely nontrivial to actually set up a transaction. Edit: Going through MobileCoin info it’s not super clear to me how you deposit/withdraw currency but keep in mind that this is historically a plenty sufficient amount of information to put your entire transaction’s privacy at risk (from certain adversaries anyway). I.e. if you are suspected of a crime but the only info available to prosecutors is you deposited $N and then your alleged conspirator withdrew $N out the other end, the fact the transaction itself was private is not going to save you.
- zeroclip 4y agoRunning a server is not straight forward, but people still manage to do it. These UX problems can be solved. An example is Aztec protocol[1] which makes it easy to send and receive anonymous payments without running a private blockchain node. [1] https://zk.money/ https://zk.money/