Post
Topic
Board Wallet software
Re: Wasabi Wallet - Total Privacy For Bitcoin
by
PrivacyG
on 26/09/2024, 07:29:51 UTC
So why are you so hateful about zkSNACKs implementing a mechanism that extends a small protection to victims of crimes who can't defend their stolen coins anymore? Remember, there's no collateral damage against people who are falsely accused since zkSNACKs' policy does not empower them to confiscate funds or share data with law enforcement.
There is a collateral damage against people who are falsely accused.

By your logic, this same mechanism promising the extension of a small protection to victims of Crimes can be implemented at any given time any where in the World.  Shops accepting Bitcoin, Bitcoin ATMs still lacking Know Your Customer procedures, Services including transportation, institutions et cetera.

And by your logic, this would cause no harm to anybody.

False.

A falsely accused person would be unable to purchase groceries using their own Bitcoin, would be denied transportation, would not be allowed to exchange Bitcoin for other Cryptocurrencies or even Fiat by their own will, would not be able to pay their Taxes.

At first glance, it is an innocent measure supposedly meant to 'protect'.  Even if 'nothing bad can happen' as in a falsely accused person would not become under arrest and the shops, Services and institutions would not need to hand out any of their information to the Authorities, them being denied Service would significantly lower their quality of living.