epsql -- 249d Would you say there's no hope for privacy on Bitcoin anymore, and, if so, is it mainly because of KYC? I'm just thinking that the tradeoff seems inevitable: the more any given currency appreciates in value, the more regulators and the "old world" institutions are interested in controlling it. Could things have gone differently in your opinion? And more importantly, do you see any paths forward for Bitcoin in this regard? For example, would not privacy be good enough (whatever that means) if one purchases KYC-free Bitcoin and then goes through coinjoins on top of that? reply [1 reply]Would you say there's no hope for privacy on Bitcoin anymore, and, if so, is it mainly because of KYC? I'm just thinking that the tradeoff seems inevitable: the more any given currency appreciates in value, the more regulators and the "old world" institutions are interested in controlling it. Could things have gone differently in your opinion? And more importantly, do you see any paths forward for Bitcoin in this regard? For example, would not privacy be good enough (whatever that means) if one purchases KYC-free Bitcoin and then goes through coinjoins on top of that?
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Been reading news about privacy coins becoming a hotter topic on Google TrendsTo me, it was obvious since last year when I attended the Nashville Bitcoin conferenceThe revolution is dead, so there will be a massive exodus towards anything that offers financial privacy.It’s not a matter of “if” at this point. It’s a matter of “when”. The fact that so many Bitcoin OGs areinterested in Monero/Zcash/Zano/Beam these days is proof that there is still hope.The only other question is: when will the “plebs” wake up and join the battle? Then will the normies put theirmoney in something that better protects their freedom of transaction?Regardless of when, I’m ready.
Would you say there's no hope for privacy on Bitcoin anymore, and, if so, is it mainly because of KYC? I'm justthinking that the tradeoff seems inevitable: the more any given currency appreciates in value, the moreregulators and the "old world" institutions are interested in controlling it.Could things have gone differently in your opinion? And more importantly, do you see any paths forward forBitcoin in this regard?For example, would not privacy be good enough (whatever that means) if one purchases KYC-free Bitcoin and thengoes through coinjoins on top of that?
Been reading news about privacy coins becoming a hotter topic on Google Trends
To me, it was obvious since last year when I attended the Nashville Bitcoin conference
The revolution is dead, so there will be a massive exodus towards anything that offers financial privacy.
It’s not a matter of “if” at this point. It’s a matter of “when”. The fact that so many Bitcoin OGs are interested in Monero/Zcash/Zano/Beam these days is proof that there is still hope.
The only other question is: when will the “plebs” wake up and join the battle? Then will the normies put their money in something that better protects their freedom of transaction?
Regardless of when, I’m ready.
Bitcoin could get built to be scalable and fungible before inviting the suits to gamble on it. How about that?