this post was submitted on 19 Mar 2024
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Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[–] Kissaki@feddit.de 30 points 7 months ago (7 children)

A public forever storage of all transactions is not good but bad for privacy.

Send money to someone and they can see your wallet and all transactions.

Identifying wallet owners may require different levels of effort. But that's kinda besides the point.

[–] actual_patience@programming.dev 13 points 7 months ago (1 children)

I thought Monero solves this issue, with a level of effort large enough that it's almost impossible to crack.

[–] pupbiru@aussie.zone 23 points 7 months ago

and here lies the issue with asking about crypto in non-crypto circles… everyone thinks they completely understand blockchain in its entirely. what they actually have is a rudimentary understanding of a single blockchain as it was literally 15 years ago

of course the problem with asking in crypto circles is that they’re all trying to sell you their new big thing which is probably total trash

so really there’s no good way to ask and get reasonable answers about crypto

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