It would be nice to have a verified feature on #Memo to showcase Crypto Authorities. Just an idea... Users would have to furnish some form of proof.
I’d prefer the old PGP key sign trust. You vouch for someone because you personally know or met to verify. Someone you trust vouching for another means you can likely trust too.
Imagine Memo.Cash getting real adoption. And now multiply that 1000 times with of all other possible on-chain apps. The blockchain would need gigabyte blocks and I hope the promise of endless "fast and cheap tx" hold.
You're contributing to the problem by posting. Better stop wasting space on my hard drive.
If you consolidate every time, you lose a lot or all privacy.
People should split the balance on multiple addresses (like some 1$/address, some 10$/address and some 100$/address)
I'm speaking specifically about dApp services. There is no privacy on services like Memo because you already know I'm using this address. Money sent to it is obviously for me.
"Cashshuffle helps" = agree, much like VPN or TOR "helps." But it still provides probable cause because just using the service puts you on a list. Do not rely on it for anonymity.
I don't think it's comparable to a VPS. Going through 5 VPSes you can be attacked by timing measurements. Having your wallet passively shuffle coins with thousands of other wallets ..
Not VPS, VPN. We’re talking about two very different things that are used for entirely different reasons.
Feds aren’t looking for an exact match, just enough for probable cause. You put coins in, and the second they match you to any coins out that’s enough.
who is easier to trace on bitcoin?
- 10 politicians by 10 million people
- 10M people by 10 politicians
One is easy to trace, the other impossible
Bitcoin is designed to make governments transparent and people private
Every Bitcoin transaction is traceable back to its coinbase origin. Do not mistake signal-to-noise ratio with anonymity.