Signal Adds Cryptocurrency Support

Post by vageli » Wed, Apr 07, 2021, 12:23 PM UTC

dd36 wrote: post #4

sneak wrote: post #2

> It’s that adding a cryptocurrency to an end-to-end encrypted app muddies the morality of the product, and invites all sorts of government investigative and regulatory meddling: by the IRS, the SEC, FinCEN, and probably the FBI. We need to fight against the idea that private payments are any less moral than private conversations. We also need to actively reject the status quo in the USA of a complete and total lack…

Isn’t cryptocurrency inherently public?

Post by foobarbecue » Wed, Apr 07, 2021, 12:25 PM UTC

sneak wrote: post #2

> It’s that adding a cryptocurrency to an end-to-end encrypted app muddies the morality of the product, and invites all sorts of government investigative and regulatory meddling: by the IRS, the SEC, FinCEN, and probably the FBI. We need to fight against the idea that private payments are any less moral than private conversations. We also need to actively reject the status quo in the USA of a complete and total lack…

Post by Hamuko » Wed, Apr 07, 2021, 12:25 PM UTC

jMyles wrote: post #8

I'm ready to jump over to Element (/matrix). Anybody else?

Post by alexnewman » Wed, Apr 07, 2021, 12:26 PM UTC

creshal wrote: post #3

sneak wrote: post #2

> It’s that adding a cryptocurrency to an end-to-end encrypted app muddies the morality of the product, and invites all sorts of government investigative and regulatory meddling: by the IRS, the SEC, FinCEN, and probably the FBI. We need to fight against the idea that private payments are any less moral than private conversations. We also need to actively reject the status quo in the USA of a complete and total lack…

"private payment" ≠ "payment using an ID that can be trivially linked to your phone number on an indelible public record"

Post by creshal » Wed, Apr 07, 2021, 12:26 PM UTC

vageli wrote: post #11

dd36 wrote: post #4

Earlier quoted context omitted.

Isn’t cryptocurrency inherently public?

The transactions are but the identities of participants are not.