It's crazy that for a permission less payment system, I have to submit everything besides a pictures of my genitals to buy any amount of it.
From my initial purchase, every subsequent use of those coins can and will be tracked. #Bitcoin failed (I know this is government regulation but they failed to implement privacy protections)
From my initial purchase, every subsequent use of those coins can and will be tracked. #Bitcoin failed (I know this is government regulation but they failed to implement privacy protections)
What kind of privacy protections would you have had them include?
Bitcoin transactions are traceable, which is why governments are not really putting much in the way of it, besides KYC which immediately puts your identity with the transaction flow.
Monero is a privacy coin, meaning that transactions cannot be traced. Bitcoin should have gone that route to really be permissionless
Monero is a privacy coin, meaning that transactions cannot be traced. Bitcoin should have gone that route to really be permissionless
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I mean technically, what exact feature would be added to get where you want to go?
What I described, private transactions, preferably by default
That's not the technical description I was looking for.
I understand that it's your goals, but how do you expect to get there? What would the protocol look like? What would signaling look like in order to accomplish private transactions that couldn't be tracked?
You say they failed to implement privacy protections, but I'm asking specifically how those protections might have worked.
There may have been very good reasons not to include them, after all.
Monero has them by default and Dash offers a checkbox private send on each transaction. They should look like that. Hence, making it work in a way that transactions cannot (easily or at all) be tracked. If that is impossible by design, then the design has a large fault
