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RE: Should Our Steemit Wallet Holdings Be Private?

in #community • 7 years ago (edited)

It can be done in a way where it's not transparent to all parties. Blockchain wasn't designed for identity. Blockchain was designed for accounts to exchange value. Identity requires privacy. I think sure if Steem wants to only be pseudo anon then this will not matter but if Steem wants real identity and not bots or shill accounts then there has to be some privacy.

Restricting who can access what is the whole point of privacy. A blockchain will not reveal much if you use blind signatures and other techniques. Voting which isn't confidential is coerced. So Steem voters who use their real identity will be open to coercion. It is even possible some Steem Power holders could be forced by threat to upvote certain accounts.

How can you know every upvote is honest, legit, without coercion? It could be happening.

7 years ago in #community by
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     7 years ago (edited)

    It can be done in a way where it's not transparent to all parties.

    Yes Indeed, one party can hold the key, but then there's the whole "centralization".

    Blockchain wasn't designed for identity. Blockchain was designed for accounts to exchange value. Identity requires privacy.

    Indeed, we are talking about the transparency of accounts on every other blockchain and the transactions that are tied to identities.

    You have all the privacy in the world, except you cannot have privacy for transactions or account.

    I think sure if Steem wants to only be pseudo anon then this will not matter but if Steem wants real identity and not bots or shill accounts then there has to be some privacy.

    Sorry but there's only identity, not Fake, false, psuedo or faux Identity.
    Real Identity is kinda red herring because we cannot move past the fact that transactions are transparent and accounts as well, like on every other blockchain based on Decentralization and Transparency, which is pretty much every other chain.

    Restricting who can access what is the whole point of privacy. A blockchain will not reveal much if you use blind signatures and other techniques

    Except that the only reason to implement such things is to facilitate crime without any detection, which is why you need to centralize it to monitor and be able to "respond" to crime, and the benefits are completely outweigh by introducing the element of Centralization and obscuring accountability, both which are completely against what this platform is for.

    Voting which isn't confidential is coerced.

    That's quite a fantastic claim, do you claim that everyone is coerced into voting now? You've pretty much put a banner that says "Looking for programers for a fork" because no way in hell will a largely, by far, anarchist community ever bow down to a few whales who cannot find a good bank to stash their copious amounts of liquid wealth for safekeeping from their greatest fears.

    So Steem voters who use their real identity will be open to coercion. It is even possible some Steem Power holders could be forced by threat to upvote certain accounts.

    And that is fine, we cannot stop that from happening without fracturing everything that this platform, that blockchains and that transparency itself stands for. Find somewhere to stash your bank, k, I suggest SP. Fear is a motherfucker.