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> especially as government surveillance continues its march towards panopticon Pseudonymous is not anonymous. Pseudonymity is not privacy. Cryptography is coo
by uoaei 3y ago
> especially as government surveillance continues its march towards panopticon
Pseudonymous is not anonymous. Pseudonymity is not privacy.
Cryptography is cool for certain kinds of privacy. Cryptocurrency has almost nothing to do with cryptography and does not provide privacy in the ways that counter a surveillance super-state. Pseudonymity makes transactions more traceable because unique identifiers are tied to each wallet and every single transaction with all metadata is recorded in plain view by design of the protocol. Mixers are an attempt to patch the failure of the protocol's design to actually implement any form of privacy, and even then, there are statistical tools that can plausibly tease out who's paying whom. At least enough to justify to the state, in its bureaucratic processes, more conventional forms of investigation. It's not perfect because the failures are systemic, i.e., inherent to the protocols.
I feel like a crazy person. Sometimes I feel like I'm hallucinating the life I'm living, and I'm really locked in a padded room repeating these things to myself day and night but no one will listen.
- sickofparadox 3y agoI'm well aware that cryptos like Bitcoin and Etherium are open ledger books that show everything. The privacy comment was more targeted at systems such as Monero.