If/when Bitcoin gets real privacy, I expect that it will also embrace “selective disclosure”. That would preserve irrevocable, undeniable, irrefutable blockchain information for legitimate use cases—while locking out the prying eyes of hackers, cyberstalkers,
armed robbers, kidnappers seeking ransom, and commercial espionage that seeks to infer competitive business plans from financial transaction data.
Isn't the blockchain information irrevocable, undeniable and irrefutable because, from the way I know it, these attributes and the confirmation that follows broadcasted transactions are the ways in which the chains are ensured of security.
Speaking of selective disclosure, is that really going to be a plus to the blockchain technology?
You know, the only way for transactions not getting counterfeiters is the verifiable nature of the blocks. I'm not very deep into this stuff so, if am getting it wrong at some point, am happy to be corrected.
With these kidnappers, rubbers and others not knowing who is behind an address what matters to a selective disclosure?
death wish is his own worse enemy. We don't want or need undetectable btc in this world.
We need btc that can be hidden until you need to cash it.
A) I am in a country going bad.
B) I leave it with an undetectable brain wallet--- I know other ways of moving it out of 1 spot to another.
C) I use the wallet in a new country.
Almost any other reason to hid it is wrong or dishonest.
Fleeing the Nazi's--- cool go for it.
Screwing a business partner --not cool
Screwing a friend-- not cool
hiding from taxes and staying in a taxing place not cool- just leave that country
if death wish got his way and made btc untraceable it would be a target for all governments.
very loose and general write up.