cyrano@lemmy.dbzer0.com to Privacy@lemmy.ml · 2 days agoThe Treasury Is Expanding the Patriot Act to Attack Bitcoin Self Custodywww.tftc.ioexternal-linkmessage-square20fedilinkarrow-up1124file-text
arrow-up1124external-linkThe Treasury Is Expanding the Patriot Act to Attack Bitcoin Self Custodywww.tftc.iocyrano@lemmy.dbzer0.com to Privacy@lemmy.ml · 2 days agomessage-square20fedilinkfile-text
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkarrow-up39·2 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-214 hours agowhat did Monero do to prevent it?
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkarrow-up4·10 hours 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.