HI I/O Coin,
Just thinking about the recent "events" with Bitcoin and how Europe is concerned about private transactions, which could well be a big stumbling block for Bitcoin.
So, with this in mind, is I/O Coin working on something that will make payments fully Traceable? (as an option or maybe as is, standard)
Maybe the identity sidechain can work with transactions, so the transactions can easily be traced to the person who made the payments. I/O Coin would then have nothing to worry about when it comes to transactions.
All the best.
Hi Simon,
We are very aware of the recent events in Europe and were discussing them as soon as the news came out. This is something I took very seriously as I have a lot of family in France and some future in-laws in France as well. I spoke with Joel on the phone the night the events took place. I want to be clear, I/O is not an Anon coin. The discussion of traceable payments came up and we discusses how traceable cash was, which in my opinion is not completely traceable. Then we talked about peoples right to privacy. I personally am not one that believes privacy/encryption=criminal activity/terrorism. I was recently reading an article from Coindesk about the low risk of Bitcoins use for money laundering which would obviously be linked to some sort of criminal activity if it had to be laundered in the first place. It was based on research the UK Treasury did and can be seen here:
http://www.coindesk.com/uk-treasury-digital-currencies-low-money-laundering-risk/We then talked about privacy and encryption which has been in use as far back as Julius Caesar and the Caesar Cipher:
https://en.wikipedia.org/wiki/Caesar_cipherCiphers and encryption have continued to be used and evolve over the centuries as the breaking of ciphers/encryption methods via various techniques has evolved along with the methods used to make encrypted information private in the first place. It is a thin line in my mind to implement changes that would negate peoples right to privacy for non-criminal activity. I would also like to mention that transaction on the blockchain are on the blockchain, we are not hiding movement of crypto and have kept in line with Satoshi and his original ideas a much as possible. That people deserve a right to privacy regardless of where they are in the world. This is not a new idea. This also doesn't mean I am pro any sort of illegal activity. It is a tight rope walk that we are all aware of and one of the many reasons we aren't an Anon coin.
Regards,
Sam