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RE: Why Bitcoin and the Blockchain will NOT bring the Libertarian Utopia you desire - The future is not anonymous and perhaps not even decentralized - Busting the myths

in #cryptocurrency7 years ago (edited)

Not a Zcash fan, I take it? Me neither. Their oracle generation ceremony gives me the willies.

Anyway, I don't foresee Monero being crackable in a way that would hold up in court -- plausible deniability and all.

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For the time being I agree, but in the future I would not rely on the anonymity of any immutable, permanent ledger. Advances in AI and Quantum computing pose a serious risk of being able to see through all the smoke and mirrors, and piece it all back together. I think it will require some kind of new technology that will not leave a permanent trail, in order for something to truly fade away.

By that time, we'll have made our getaways 😉

Any getaway away from digital money back to 'real' money will involve you giving up your identity in some way though. Wether it by bank account or other method that requires some form of identification 😞

There are Bitcoin ATMs, for example. That doesn't require identification.