Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
[...]death wish is his own worse enemy. We don't want or need undetectable btc in this world.
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if death wish got his way and made btc untraceable it would be a target for all governments.
You have no idea what you are talking about. You are just regurgitating whatever dumb anti-privacy propaganda FUD you saw from people who don’t actually know how the world works. You are also probably surprised, or unaware, that Twitter, Facebook, and The New York Times all have official Tor onion sites—whaaaa, I thought that .onion was only for teh scary “darkweb”! Government will never allow onion sites to be mainstream!
Go argue with Tyler Winklevoss. I hear that he has some BTC, too.
Twitter official onion: https://twitter3e4tixl4xyajtrzo62zg5vztmjuricljdp2c5kshju4avyoid.onion/tyler/status/1345138664377094144
Clearnet: Yuck!, or use Nitter if you’re smart.
Gemini supports ZEC shielding withdrawals. You can go to Gemini right now, buy unlimited ZEC, and withdraw it straight into a wallet that is 100% invisible to the world. The Winklevi like it that way, and they have the green light from New York State regulators.
I am guessing that NYDFS Bitlicensed, heavily regulated Gemini would probably support a strongly private BTC!
Of course, it is not very useful for hiding money from the government: Gemini has your KYC dox. I have been writing a much longer reply to Jay about that. I will also reply soon-ish to Mr.right85.
This is just a quickie. My subsequent reply will involve this quote—Phil, do you suppose that Satoshi was his own worst enemy?
This is a very interesting topic. If a solution was found, a much better, easier, more convenient implementation of Bitcoin would be possible.
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It's hard to think of how to apply zero-knowledge-proofs in this case.
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It's hard to think of how to apply zero-knowledge-proofs in this case.
Satoshi wanted to make Bitcoin untraceable. He just didn’t know how. Bitcoin would soon inspire cryptographic research advances to solve that problem.