Defending Privacy in Crypto
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Defending Privacy in Crypto
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Re: Defending Privacy in Crypto
#2No post body was provided.
Re: Defending Privacy in Crypto
#3[deleted]
Re: Defending Privacy in Crypto
#4Good (and TBH unexpected) move by Coinbase. If we lose the foundations of privacy at this stage, the future of crypto would be severely affected.
Crypto and digital assets should be free from regulation, even if it brings side effects (e.g. laundering). The moment we centralize crypto by state, we lose the war against corrupted states and centralization.
While I don't support bad actors that use crypto in any way, I still believe having them is a side effect that we need to accept for a better world without government survelliance.
The upside still outweighs the downsides.
Re: Defending Privacy in Crypto
#5Thanks for standing up for users rights to privacy Brian. What will be the largest hurdles here with challenging the US Treasury? Why stand on this issue, vs privacy based coins previously removed from cb? What options are there if this proves unsuccessful?
Re: Defending Privacy in Crypto
#6First coinbase should provide basic features to users before stepping up the Privacy. There is no way for a user to delete coinbase account. Looking around the web I realised its a dark pattern in their design.
Re: Defending Privacy in Crypto
#7It's great that they're supporting the lawsuit (and the plaintiffs seem very well selected).
There's also a coincenter lawsuit on purely constitutional grounds (https://www.coincenter.org/analysis-what-is-and-what-is-not-...).
Re: Defending Privacy in Crypto
#8It is interesting that I have strictly no empathy for the people defending "privacy" in crypto. I have it fully for the ability to pay in cash for our every day stuff.
Privacy in crypto is basically reallowing tax havens in the "digital" world where we spent years to try to curtain them in the "real" world.
A good friend of us happens to be working at a high level at the EU commission. Discussing about Bitcoin/Crypto, his answer was simple: "We will ban all crypto as soon as we consider it to create problems with taxes".
Coinbase would win the case, it would be one more step in the direction of a ban in the EU.
Re: Defending Privacy in Crypto
#9It is interesting that I have strictly no empathy for the people defending "privacy" in crypto. I have it fully for the ability to pay in cash for our every day stuff. Privacy in crypto is basically reallowing tax havens in the " digital " world where we spent years to try to curtain them in the " real " world. A good friend of us happens to be working at a high level at the EU commission. Discussing about Bitcoin/Cr…
If a ban in EU would make people in bars stop trying to convince me to buy in their favourite cryptocurrency, I'm all for it!
Re: Defending Privacy in Crypto
#10It is interesting that I have strictly no empathy for the people defending "privacy" in crypto. I have it fully for the ability to pay in cash for our every day stuff. Privacy in crypto is basically reallowing tax havens in the " digital " world where we spent years to try to curtain them in the " real " world. A good friend of us happens to be working at a high level at the EU commission. Discussing about Bitcoin/Cr…
> “We will ban all crypto as soon as we consider it to create problems with taxes”
Surely you were not discussing those things with the Great Dictator of EU, not accountable in their decisions to citizens and courts?