Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 14/11/2018, 13:48:29 UTC

It's quite a bit different than Bitcoin as I'm sure you're aware, considering one Russian guy is in control of the entire network, but that's not really what I was alluding to in terms of it being a potentially worthwhile venture for Russian intelligence.

Let's say they spent a few hundred thousand USD funding byteball and getting it off the ground. Now they get thousands of bitcoin users linking their coins to get bytes, followed by real name attestation of thousands of users, as well as steem attestation of users. For people that did all three, the Russian intelligence (or at the very least Tony) can tie together the real name, Bitcoin holdings, and political proclivities of thousands of people. Don't you think political operatives or tax authorities or police state might find this information useful? Even if it's not an intelligence operation, doesn't it make you somewhat squeamish that Tony could sell this information to Cambridge analytica or its ilk?

Yes, there's a meme about maybe the CIA launched Bitcoin, but it's not nearly such a straight line as this, and Satoshi never asked for your drivers license and a selfie.

Sorry for the whining. Carry on berating bag holders...


None of these attestations are required in order do use Byteball and you don't even have to do it from same devices and for same addresses.
Point of KYC is exactly that, do link your address to a person, so if you are fine with that, there is should be a problem, but if you take any service as a potentially a one who could sell it to Cambridge Analytica then just don't insert info that you are not comfortable with.