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replied 2325d
Korean exchanges dropped all privacy coins such as Monero in order to comply with regulations.
replied 2324d
yeah thats the gov's only play with privacy coins.
replied 2324d
Optional privacy, while the Monero community hates the idea, might just be the "good enough" solution we are looking for with BCH. But it must be protocol-level.
replied 2324d
the issue is every private tx on an optional privacy chain is treated as suspicious. if you have nothing to hide you have nothing to fear line of reasoning. agree must be protocol lvl.
replied 2324d
Definitely, but my hope is that you can move your coins off exchanges and then do private transactions using that optional protocol.
replied 2324d
I think it's way too late for BCH to adopt a non-transparent blockchain, even if that's what everyone wanted, which it isn't.
replied 2324d
And tbh, anything better than mixers at this point, is better than sticking with the status quo of mixers and blockchain analysis cat-mouse.
replied 2324d
mixers are definitely a hack solution.
replied 2324d
my worry too. but I'm so far from understanding the math that makes all this work so idk maybe its possible? 🤔
replied 2324d
You'd definitely need a hard fork. And everyone would have to agree on it. Which isn't the case. Some prefer the transparent blockchain, as it supposedly make gov accountable.
replied 2324d
People prefer transparent blockchains for that, and because tracability makes crime fighting and business auditing easier. But all of this is at the expense of privacy, and freedom.
replied 2324d
biz & crime sound like reasonable requests, but like you said at the expense of privacy/freedom. thanks for the points. couldnt see why any one would want transparent chains
replied 2324d
hmm, using it to keep gov accountable sounds like a ring of power argument. aka some power we can wield to keep gov in check when in reality it will be turned against the general pop
replied 2324d
Exactly.
replied 2324d
I can come to terms with optional privacy with coins like nano that couldn't support it and remain feeless due to data restrictions, but I have a harder time accepting it with BCH
replied 2324d
At this point, I'm welcoming of anything that's bare minimum more sophisticated than mixers. CashShuffle not counting, being a mixer itself.