Comment on U.S. Government Removes Tornado Cash Sanctions
shortwavesurfer@lemmy.zip 3 weeks ago
About damn time. This is a win for those of us who wish to use crypto as actual money and need privacy. Because not everybody should know the balance of your accounts. That’s just stupid. This is why the majority of my dealings with crypto are in Monero.
Obelix@feddit.org 3 weeks ago
I’m really curious here: What are you buying and dealing with crypto? I am old and I remember the first discussions about Bitcoin and other cryptos and the privacy topic was discussed back then. People were skeptical of the technology, exactly because every transaction was public and people were even more skeptical after others started to use bitcoin to buy drugs with it online. So why are you using technology that is not really suited for privacy by design and expect privacy?
shortwavesurfer@lemmy.zip 3 weeks ago
Monero does provide privacy because while it is a public blockchain, the sender is obscured, the receiver is obscured, and the amount is obscured. The IP address of the node is obscured.
WhyJiffie@sh.itjust.works 3 weeks ago
you did not ask them, but here is another perspective. I’m paying for online services. like twitch, with gift cards. not it doesn’t cost more. why don’t I pay with a bank account? because I don’t trust twitch and their payment provider with my data, like I refuse to add my phone number because that would make my account linkable with other things. I also don’t really trust my bank about what do I pay for, and it’s not like there are better banls out there.