"Pseudo anonymous" as it relates to cryptocurrency seems a silly term to me. We might not see it right in front of us now, but in a future world that uses crypto as accepted day-to-day currency, the idea that full-financial-transparency would be accepted and adopted widely... It just seems absurd to me.
Don't underestimate the value of the pseudonym. Some authors took their pen names to their grave, and their true name is still unknown.Quote
It's reasonable right now, it kind-of works at the level of transactions that Bitcoin is currently used for, and it works because of the lack of useful tools widely available to view transaction records. But the future would have websites where anyone could lookup anyone elses full transaction history, their entire spending and earning life.
The only "pseudo" part about it right now is there because of the lack of tools currently made available. But a coin will either be anonymous or transparent (or the option to choose one or the other per-transaction); no in-between. Is that not a correct statement?
The only "pseudo" part about it right now is there because of the lack of tools currently made available. But a coin will either be anonymous or transparent (or the option to choose one or the other per-transaction); no in-between. Is that not a correct statement?
The tools are inference tools; they can't get better than a certain confidence level. They are probably not at their best yet, but will never be able to uncover true names if the owner is careful.
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The "mixing" solution is just a work-around.
A pretty good workaround, and these will get better as well.Quote
Is there really the need to explain all the reasons why a world where every person, every business, every transaction in the world is made available to public view would just never work, never be widely accepted and adopted?
No
