cyrano@lemmy.dbzer0.com to Privacy@lemmy.ml · 3 days agoThe Treasury Is Expanding the Patriot Act to Attack Bitcoin Self Custodywww.tftc.ioexternal-linkmessage-square19fedilinkarrow-up1134arrow-down14file-textcross-posted to: [email protected][email protected]
arrow-up1130arrow-down1external-linkThe Treasury Is Expanding the Patriot Act to Attack Bitcoin Self Custodywww.tftc.iocyrano@lemmy.dbzer0.com to Privacy@lemmy.ml · 3 days agomessage-square19fedilinkfile-textcross-posted to: [email protected][email protected]
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkarrow-up42·3 days agoTo be fair, the author has a good point, but we knew this was coming, and Bitcoin did nothing to prevent it. Monero, however, did.
minus-squareReversalHatchery@beehaw.orglinkfedilinkarrow-up2·edit-21 day agowhat did Monero do to prevent it?
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkarrow-up6·1 day agoIt doesn’t need mixing because the protocol itself hides the sender, the receiver, and the amount as due course. This stuff is basically banning any privacy-preserving technology on a public blockchain, like Bitcoin, since it has no privacy by default.
To be fair, the author has a good point, but we knew this was coming, and Bitcoin did nothing to prevent it. Monero, however, did.
what did Monero do to prevent it?
It doesn’t need mixing because the protocol itself hides the sender, the receiver, and the amount as due course.
This stuff is basically banning any privacy-preserving technology on a public blockchain, like Bitcoin, since it has no privacy by default.