The crypto industry royally screwed up privacy
Sadly, there are several reasons why the blockchain community has fallen short in making privacy a tier-one priority, and that must be changed. Privacy is a complicated topic. Few would argue that privacy is not important. It’s generally more interesting to talk about things that are disputable. So, the limited arguments against privacy actually make it somewhat boring to discuss and easy to take for granted. As Edward Snowden famously said: “Arguing that you don't care about privacy because you have nothing to hide is like arguing that you don't care about free speech because you have....
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Although one may assume that the demand for privacy in Bitcoin and other blockchain-based systems is coming from crypto-anarchists and libertarians, the reality is that a huge push for concealing transactions on the blockchain is coming from the traditional financial industry. During a recent cryptocurrency event at the Cato Institute, Zcash CEO and longtime cypherpunk Zooko Wilcox-O’Hearn made the point that banks, clearinghouses, payment processors and everyone else he’s talked to in the financial industry are the ones who are asking for more privacy on the blockchain. During a panel....
The crypto market has been rallying over the past week. However, the market seems to be uncorrelated with the events taking place in the political arena, as cryptocurrencies, developers, and almost any entity involved in a transaction with these asset classes could be affected by the infrastructure bill currently debated in the U.S. Senate. Estimated […]
Bitcoin hit another all-time high today while ether traders are paying royally to get in on the options action.
In 2020, The CEO of exchange platform Coinbase Brian Armstrong made two important predictions for the crypto industry. First, he predicted that privacy coins will gain more relevance in the coming years. Second, those regulations are cryptocurrencies’ greatest threat. So far, his predictions seem to be right on track. Privacy coins are tools use by […]
Today is International Data Privacy Day — a day focused on raising awareness around data privacy best practices. Data privacy is an important aspect of Bitcoin and some other altcoins, and as such, we’re celebrating Data Privacy day with a list of best practices for crypto users. Cypherpunks: Remembering Satoshi, Finney, And The Fight For […]