Post
Topic
Board Development & Technical Discussion
Merits 8 from 4 users
Topic OP
BTC Needs A Privacy Layer
by
ajs316
on 21/05/2021, 16:25:01 UTC
⭐ Merited by malevolent (4) ,o_e_l_e_o (2) ,NotATether (1) ,ETFbitcoin (1)
https://www.msn.com/en-us/money/markets/the-us-treasury-wants-every-crypto-transfer-larger-than-10000-to-be-reported-to-the-irs/ar-AAKcIRu

https://www.msn.com/en-in/money/topstories/why-government-shouldnt-delay-cryptocurrency-regulations/ar-AAKeI1V

Bitcoin is the greatest form of money humanity has created.  It has a monetary policy second to none.  But it is missing this one crucial component that is an essential human right and even more necessary today than it was a decade ago, privacy.  I'm curious if privacy can be done in a way such that it protects the identities of the transactions (both in terms of btc address and personal identity) while still preserving the open-ness and transparency of the current system?  Also what is the consensus of the BTC community on implementing this?  I've generally heard the commumity/devs don't find it necessary.