Or all this transparency and the masses of people failing to see why keeping digital privacy end up normalizing a world where transparency and full traceability is a requirement for legal services and in the eyes of the government.
It seems to me that by and large we are already there. And it was precisely the normalization of mass surveillance along with general apathy and ignorance that got us here.
In light of the above, more transparency-by-default seems to me like a very bad idea.
Why do you think all the KYC stuff is such a pain in the ass? Legacy banking got progressively blanketed with it, cash became less prominent, more/most payments became digital-traceable, and all of this was normalized.
Then along came transparent blockchains and now it's a whole new level. Whereas before you ostensibily needed some kind of warrant, now all the financial data is there for the world to troll for the rest of time.
And listen don't get me wrong, I'd be the first to cheer Bitcoin having always-on privacy like Monero, but I just don't see it happening.
Glad to be proven wrong about this one - I'm happy as long as there is some system that allows me to keep financial privacy, not because I have somethinf to hide but because it's my right.
Right now the best system for that particular purpose is Monero (I use Lightning a lot too). The important thing is that such a system exists.
papafigos / Papa Figos
npub1r5…333vz
2023-11-30 23:03:42
in reply to nevent1q…hnfy
Author Public Key
npub1r5yzptzufjehaduv3du9tlrav4ws9edwuu338s2a06haamc6xlfsf333vzPublished at
2023-11-30 23:03:42Event JSON
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"content": "Or all this transparency and the masses of people failing to see why keeping digital privacy end up normalizing a world where transparency and full traceability is a requirement for legal services and in the eyes of the government.\n\nIt seems to me that by and large we are already there. And it was precisely the normalization of mass surveillance along with general apathy and ignorance that got us here.\n\nIn light of the above, more transparency-by-default seems to me like a very bad idea.\n\nWhy do you think all the KYC stuff is such a pain in the ass? Legacy banking got progressively blanketed with it, cash became less prominent, more/most payments became digital-traceable, and all of this was normalized.\n\nThen along came transparent blockchains and now it's a whole new level. Whereas before you ostensibily needed some kind of warrant, now all the financial data is there for the world to troll for the rest of time.\n\nAnd listen don't get me wrong, I'd be the first to cheer Bitcoin having always-on privacy like Monero, but I just don't see it happening.\n\nGlad to be proven wrong about this one - I'm happy as long as there is some system that allows me to keep financial privacy, not because I have somethinf to hide but because it's my right.\n\nRight now the best system for that particular purpose is Monero (I use Lightning a lot too). The important thing is that such a system exists.",
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