Mike Bowerman: The West Vs Wall St on Nostr: Monero fixes this. Why is there not more discussion about the need for and benefits ...
Monero fixes this.
Why is there not more discussion about the need for and benefits of default privacy at the protocol level?
And that Monero already offers this with a ten year track record?
Bitcoin is revolutionary, but today people are being made vulnerable by the difficulty in achieving privacy. We need Bitcoin leaders to talk about this so it gets solved and people get protected.
Why is there not more discussion about the need for and benefits of default privacy at the protocol level?
And that Monero already offers this with a ten year track record?
Bitcoin is revolutionary, but today people are being made vulnerable by the difficulty in achieving privacy. We need Bitcoin leaders to talk about this so it gets solved and people get protected.
quoting nevent1q…c9kjPrivacy is normal and good.
There has been an effort among authorities to make “money laundering” and “financial privacy” the same thing. That is, the mere act of moving money privately itself becomes a crime. That’s not okay.
Money laundering is when money that is obtained through crime is concealed by obfuscating it with clean money. The actual crime is the initial non-financial crime (say, mob stuff), and historically money laundering involves manual activity to work with the criminals.
Now that open source tech can make certain transactions private, authorities increasingly equate all private money transfer with money laundering, even if the developer of the open source tech had no direct involvement with criminals. Authorities target them regardless, and sanction the technology itself. Financial privacy becomes synonymous with crime in their minds, and in the minds of the public.