3 ms·
You would have been able to use something like Tornado Cash outside of the US in order to conceal previous/future transactions from people you interact with. Th
by capableweb 4y ago
You would have been able to use something like Tornado Cash outside of the US in order to conceal previous/future transactions from people you interact with. The US has decided that's illegal. Not sure what Ethereum could do about that.
zCash and similar cryptocurrencies take a different stand where transactions can be "shielded" and anonymous.
- LetsGetTechnicl 4y agoSurprise, surprise! Money laundering is illegal!
- capableweb 4y agoIf you think wanting to hide previous/future transactions from other private entities is money laundering and illegal, I think you need to re-educate yourself on how that stuff works. Money laundering is trying to hide the source or nature of illegal activities. Privacy in itself is not illegal nor money laundering.
- audunw 4y agoBut investigating money laundering and certain forms of organized crimes is extremely hard without being able to trace transactions. There's no point in having laws if they can't be enforced. That's why a limited amount of privacy is all that governments with these kind of laws could possibly accept. That is: privacy from other private individual and organizations, and from the government as long as they don't have a court order to look into your transaction. It might be possibly to design a cryptocurrency that satisfies government requirements, and maintains a balance between privacy and ability to investigate economic crimes, but I don't think most blockchain developers is interested in that.
- deleted 4y ago[deleted]