[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance


View post   

File: 27 KB, 368x317, d3731abb-2a60-4ba9-8059-b776665448e234567.jpg [View same] [iqdb] [saucenao] [google]
51531330 No.51531330 [Reply] [Original]

What is even the point of privacy in crypto to start with

>> No.51531370
File: 251 KB, 418x438, E6D467F8-EA06-417B-9152-816C4585E2A6.png [View same] [iqdb] [saucenao] [google]
51531370

yea who needs privacy? if you have nothing to hide, you have nothing to fear.

>> No.51531886

>>51531370
>Hmm
Privacy, hide, fear

>> No.51531911

>>51531370
I guess you don't have any problem with taking a screenshot of your wallet balance with your full name and identity number on it.

>> No.51531943

>>51531330
Post your real wallet address that you use on centralized exchanges then.

>> No.51532010

>>51531330
I am a private person, talk more of keeping my assets or transactions private. It is just a human right anon

>> No.51532011
File: 33 KB, 680x763, 1642891717343.jpg [View same] [iqdb] [saucenao] [google]
51532011

>>51531330
To even think that crypto was originally designed to be anonymous

>> No.51532021

>>51531943
kek. He wouldn't dare

>> No.51532102

>>51532011
Far from it, I only need to get a hold on your wallet address to know how crypto poor you are

>> No.51532115

>>51531911
>>51532010
>>51532021
>>51531943
tax evading jeets

>> No.51532125

>>51532115
Post your wallet, taxpaying good goy

>> No.51532159

>>51532125
You lack imagination, are you a certified auditor Rajesh

>> No.51532295

>>51532159
that's what I thought

>> No.51532441

Privacy is freedom and can save you from potential attacks, physically & on-chain. I feel more comfortable on-chain since I started using Railgun

>> No.51532518

There are more legitimate use of privacy other than this. Like monetization of my DeFi strategies that would have been publicly viewed for free.

>> No.51532582

>>51531370
Kek, your is being spied by some faggot and you think you don't need to privatize your transactions, Think about it moron

>> No.51532745

>>51532582
The wicked run when no one is pursuing. kek

>> No.51532756

>>51532582
Wallet surveillance is on the high now. Privacy is important.

>> No.51532777
File: 2 KB, 125x106, 1660142196539485s.jpg [View same] [iqdb] [saucenao] [google]
51532777

>>51532115
Ridiculously myopic to think that the only reason why a person would want to have a private balance is to evade tax. Do you have a brain at all, moron

>> No.51532806

>>51532582
You are right, private DeFi will prevent copying of farming strategies

>> No.51532847 [DELETED] 

Privacy is freedom and can save you from potential attacks, physically & on-chain. I feel more comfortable on-chain since I started using Railgun

>> No.51532857

>>51531330
It's private already, dude. How can you connect a wallet address to a person

>> No.51532865 [DELETED] 

Privacy is freedom and can save you from potential attacks, physically & on-chain. I feel more comfortable on-chain since I started using Railgun privacy tech to maintain privacy.

>> No.51532893

>>51531370
I love how /pol/trade hate saying "y'all" so badly that they changed it to "you will"

As a southerner this just bewilders me

>> No.51532914

>>51532756
Exposing your transactions will get hacked Ranjesh

>> No.51532936
File: 23 KB, 220x220, 96E5DE4E-170B-4B4B-8296-F9B2E598968C.jpg [View same] [iqdb] [saucenao] [google]
51532936

>>51532893
you’ll retards have no idea what you’re talking about

>> No.51532997
File: 9 KB, 263x191, 38364836392764.jpg [View same] [iqdb] [saucenao] [google]
51532997

>>51531370
Of course

>> No.51533052

>>51532857
Either you're totally ignorant about KYC or you'e underestimating how much it's becoming a standard.

>> No.51533099

>>51532441
XMR is the standard for privacy. Anything else is either scam or absolute shit

>> No.51533136
File: 5 KB, 165x126, 1660816047452406.jpg [View same] [iqdb] [saucenao] [google]
51533136

>>51533052
You can't even participate in a launchpad without going through that nonsense. Yet, everyone plays around the word 'decentralization'

>> No.51533170

>>51532441
Define comfortable

>> No.51533177

>>51533099
Old fag, XMR is obsolete, it can't DeFi and it doesn't support NFT, upgrade your yourself hippo

>> No.51533209

>>51532756
Privacy is an additional layer of security. No one wants to leave their financial transaction public.

>> No.51533276

>>51532756
Privacy hides you from prying eyes,

>> No.51533287

>>51533136
Kek, most IDO platforms are big shame to DeFi. You even see cases where funds can be refunded from a centralized body and a selected tier of holders determine what project to launch or not, yet most of them makes claim to be completely decentralized

>> No.51533327
File: 101 KB, 940x768, 6D44A753-2C48-493B-B9E9-3E7EC78BBAA6.jpg [View same] [iqdb] [saucenao] [google]
51533327

>>51533177
>NFT

>> No.51533384

>>51533177
There are more advanced privacy techs now like, Railgun & Aztec. Railgun proposed to support minting NFTs anonymously & private auctions.

>> No.51533462

>>51533052
You don't need KYC in a decentralized system, retard

>> No.51533631

>>51531330
Nobody can become completely anonymous, they point is to decrease your footprint as much as possible. They less information on you the better.

>> No.51533654

>>51532893
huh, is that really a thing they do?

>> No.51533759

>>51533384
Are they still proposing or already minting anonymously?

>> No.51533767

>>51533287
There are few launchpads around with refund system, for safety of users.

>> No.51534058

>>51531330
if you're extremely boring, average, and have no plans on becoming "somebody", then privacy doesn't matter.
so yeah OP, just keep being mediocre -- you've got nothing to hide!

>> No.51534100 [DELETED] 

>>51532582
Exactly. The extent of wallet prying is high now, and leaving one's transactions public can open doors for potential attacks. Normalize on-chain privacy.

>> No.51534106

>>51532115
Yes but that's not the reason I want privacy anon you retard

>> No.51534149

>>51533209
You are right, it's even better with multi-chain functionality

>> No.51534167

>>51532115

Taxation is theft. Why would you willingly let them steal your money without trying to keep as much as you can get away with? You'll roll over about anything, huh?

>> No.51534250

Exactly. The extent of wallet prying is high now, and leaving one's transactions public can open doors for potential attacks. Normalize on-chain privacy.

>> No.51534447

>>51531370
Dox yourself mate. Go ahead, we're waiting.

>> No.51534509

>>51534250
There always has been a pry, you only owe yourself bracing up

>> No.51534563

>>51533631
I just sharply separate my public life and terminally online private life.

>> No.51534752

>>51531330
>>>/reddit/

>> No.51534874

>>51531330
Post your address, driver's license and full name
>you won't

>> No.51534877

>>51532115
Who wants to pay taxes?

>> No.51534884

>>51531330
exactly

>> No.51535723

>>51533099
Its old school now, it uses mixers as well as bridge technology unlike privacy protocols that do not and ain't token gated

>> No.51535845

>>51535723
I hope the government cracks down on privacy coins so I have more time on my end. Hahaha fucking lolbertard niggers.

>> No.51535981

>>51535845
Not all privacy protocols are privacy coins, some are privacy focused projects and not necessarily a coin and they are with L1 solutions

>> No.51536083

>>51532441
Are you a shiller? You look like one. You're probably one

>> No.51536126
File: 168 KB, 1411x720, WAGMI bros stinky is most bullish asset in human history rn fr fr no cap.png [View same] [iqdb] [saucenao] [google]
51536126

>>51531330

well some people like to be all secretive and whatnot

they have their own secret club and they use monero

the rest of us are normal and aware that privacy and anonimity on the internets is a big meme for the past 20years or so

you just learn to live with it at some point i guess

also if you're not on a government watchlist by now, you're doing something wrong

>> No.51536263

>>51531370
>if you have nothing to hide, you have nothing to fear.
I agree, the government should set the standard for its citizens by immediately declassifying all classified material.

>> No.51536317

I settled with a credit card years ago and pay them a tiny amount per month. They send me a letter in the mail to confirm the payment each month.

I started dating a girl who owns two houses in different cities so my time is split between 3 houses. The letter comes to whatever house I'm staying at without me doing anything. When it first started happening it was so mind boggling. Its like the cell phone companys or apps sell your location data to debt collectors.

>> No.51536342

>>51536126
Being secretive and demanding for privacy rights are two different things

>> No.51536576

>>51536317
Wtf?
Really... what the actual fuck? This can't be true...

>> No.51536602
File: 31 KB, 634x423, priavcy_im.jpg [View same] [iqdb] [saucenao] [google]
51536602

>>51532102
At least the option to shield wallets using on-chain privacy enabling systems now exists. At this point, I guess it's only ignorant people that will keep their transaction history visible and unsecured on the public ledger

>> No.51536608

>>51536317
Android user for sure

>> No.51536636

>>51532115
>He likes paying taxes
How low test can you get?!

>> No.51536941

>>51536083
Dumb ass question, you need anon to answer that?

>> No.51537021

>>51536941
The paid shilling team is back? Fucking hell

>> No.51537124

>>51532806
I think this is more applicable with businesses that has competitors. More reasons why several business structures will be unwilling to take up DeFi for their payment structures.

>> No.51537180

>>51537021
You paid them?

>> No.51537212

>>51533654
no? its a viper meme
"youll cowards dont even smoke crack"

>> No.51537223
File: 5 KB, 250x188, 1663122881418626s.jpg [View same] [iqdb] [saucenao] [google]
51537223

>>51536317
Damn

>> No.51537241

>>51536083
i think its a literal script anon and its not "back" its been here every day. spiral, rail, sylo,
cant remember old ones

>> No.51537262

>>51534167
Take it up with the IRS. I am sure they will be willing to take your opinion.

>> No.51537267
File: 83 KB, 960x960, 5731D2C2-8B05-4425-B011-D5CA47672A18.jpg [View same] [iqdb] [saucenao] [google]
51537267

>>51531330
Privacy is a human right.

>> No.51537326

>>51537241
Atleast you remember something despite the kind of brain that you have

>> No.51537354

>>51537241
Everyone knows Spiral. Probably the next biggest thing

>> No.51537464

>>51535981
I guess you're referring to smart contract protocols built using zksnarks, zkstarks etc.

>> No.51537497

>>51536126
Monero is the main trading coin in the darknet market for a reason

>> No.51537528
File: 439 KB, 2852x1626, 03757397593.png [View same] [iqdb] [saucenao] [google]
51537528

>>51534250
I won't be surprised if privacy becomes a standard at some point in time.

>> No.51537588

>>51535845
Not all privacy projects are token gated like Monero

>> No.51537595

>>51536126
Is there any better way to keep on-chain activities secret without using Monero?

>> No.51537763

>>51533759
Release of NFT shielding and transfer is supposed to start next month. Until then, I am not sure how the private NFT auctions will work

>> No.51537865

>>51537595
Railway wallet app is an option, especially if you want to anonymously trade erc20 tokens

>> No.51537936
File: 55 KB, 400x533, HAH1_400x533.jpg [View same] [iqdb] [saucenao] [google]
51537936

>>51536342
Privacy is needed for personal rights. Wondering why privacy protocols are not up to speed in DeFi despite the clear need for it

>> No.51537979

>>51536263
Still doesn't trivialize the need for privacy in any way. You can stay anonymous, yet retain the option to prove the legitimacy of your actions. Although, very limited number of privacy systems provides that option

>> No.51538031
File: 104 KB, 800x622, 4ad7941f4973d548_800.jpg [View same] [iqdb] [saucenao] [google]
51538031

>>51533209
Privacy in crypto is in a way synonymous to 'securing' the details of your transaction history to prevent the risks of targeted attacks. Indeed, it is a layer

>> No.51538056
File: 448 KB, 794x702, 23456543.png [View same] [iqdb] [saucenao] [google]
51538056

>>51537595
It's a long list. Although, the custodial risks associated with most of them makes the security questionable

>> No.51538181

>>51536576
Its true. The only possibilities are my iPhone, apps on the iPhone, or Amazon/USPS/UPS. I'd occasionally ship myself something from Amazon at whatever house I'm at. There are no bills in my name or anything else that ties me to her houses.

>>51536608
iPhone, but I used to always click Allow on share my info across apps which I guess is a bad idea.

>> No.51539213

>>51531330
Crypto is better without privacy, it makes a payment more transparent. I prefer paying through Utrust

>> No.51539780
File: 7 KB, 200x139, 1639485373387.jpg [View same] [iqdb] [saucenao] [google]
51539780

>>51531330
I sense you are scared of being caught Money laundering

>> No.51539848

the IRS is a terrorist organization
do not negotiate with terrorists

>> No.51540610

>>51539213
>Based
Who cares about privacy when I make money legit, it, is even more, better since merchants can track the transaction
>Less scam

>> No.51541942

>>51532125
>posts wallet of someone I hate.

>> No.51541953

>>51531330
It still is? You don't have to associate the wallet with yourself in any way.

What retard coins are you using?

>> No.51541965

>>51532893
dumbass it's from viper

>> No.51541973

>>51531330
not getting robbed at gunpoint for my keys. are you stupid?

>> No.51542367

>>51536317
Wtf?

I get pizza adverts, creditcard offers and gay lottery tickets for people who used to live where I do.

(For xxx or current resident)

Im pretty sure the USPS steals all my real mail because I post on 4chan.

>> No.51542386

i love when people you have a freedom of speech but you dont have freedom from consequences of your speech

>> No.51542531

>>51533177
stop embarrassing yourself

>> No.51543657

>>51540610
I understand your point but also imagine a scenerio where your exposed transaction info is traced back to your wallet or that of your merchant by hackers, we all know what happens then. Imo privacy is more of a security measure than the opposite of transparency.>>51540610

>> No.51544481

>>51537979
I guess you are talking about the ability for some privacy protocols to be audited, well that's transparency for those clamouring for it and I dare say it's a meeting point for privacy and regulations too.

>> No.51544529

>>51541965
youre an idiot

>> No.51544851

>>51532777
I'm not surprised to see individuals like them. Privacy solutions are invaluable to businesses and defi.

>> No.51545219
File: 23 KB, 562x545, images - 2022-09-19T155000.728.jpg [View same] [iqdb] [saucenao] [google]
51545219

>>51531330
Faggot privacy is just like a prevention once the quantum computers are out it will be disastrous. Then we will need a quantum resistant blockchain which will be a solution. Use your brains.

>> No.51545756

>>51537936
There are emerging solutions that will focus on privacy for defi. It makes borrowing, staking and lending more secure.

>> No.51545841

>>51544481
That's taking away the FUD on privacy protocols as a tool solely for money laundering.
Transparency and Privacy become non-contradictory.

>> No.51545913

>>51545756
There are alot of privacy blockchains these day but I would prefer a quantum resistant blockchain >>51545219
Like this anon mentioned earlier.

>> No.51546117
File: 66 KB, 500x717, 312849496.jpg [View same] [iqdb] [saucenao] [google]
51546117

>>51531330
Arrest avoidance, you consummate homosexual.

>> No.51546175

>>51531330
Tbh I don't see the point since they'll know everything once tax season comes anyways
Fuck government and whatever, but if we can't stop them from taxing us, there's literally no point in trying to hide shit.

>> No.51546303

I never look into or really understood how they link ips to addresses. It only works if you have visited and connected your wallet to certain sites, right? E.g. ones run by Chainalysis or w/e
Is there a list of website to avoid?

>> No.51546452
File: 124 KB, 680x680, 1651611024390.png [View same] [iqdb] [saucenao] [google]
51546452

>>51546303
4chan

>> No.51546486
File: 6 KB, 225x225, images.jpg [View same] [iqdb] [saucenao] [google]
51546486

>>51531330
Privacy fags shouldn't be allowed to exit. Total waste of time, Now is for passive income. More supercharger rewards is the goal.

>> No.51546503

>>51546117
>also a happy, fulfilled woman

>> No.51546504

>>51532010
Stfu if you have no idea of a thing. Must be a new fag. Go slurp FWT staking rewards and make your life better.

>> No.51546800

>>51532777
Retards everywhere. Sounds like a tornado cash user.

>> No.51546805

>>51546117

sauce

>> No.51547224

>>51537936
Because there's nothing there. All are vaporware. Supercharger yields should be the priority now.

>> No.51547241

>>51545756
Miss me with lending. Would rather stick with Freeway and the staking rewards. Better safe than sorry.

>> No.51547290

Every crypto investor should have 20% of their portfolio in privacy coins/tokens like DERO and 0xMR.

>> No.51547753

>>51531330
Decentralization is a bigger selling point than the privacy

>> No.51547774
File: 194 KB, 1094x1152, privacy.jpg [View same] [iqdb] [saucenao] [google]
51547774

>>51531330
>>51531370
>>51538031
>>51537936
Privacy is not just an illusion; it’s a delusion. Things like privacy statements and permission to use cookies are little more than sophisticated propaganda. If you think for a moment the Overlords cannot prepare a dossier on you within minutes that would make your mother faint and your father die of shame, you’re living in fantasy land. You have no idea how much data they store on individuals, and not just credit card purchases: tracking data, telephone conversations, text messages, anything you ever posted on the Internet. It’s a devouring machine. Get in their way, and you will find out how much they know about you. It has been this way for a very long time. This is nothing new. And yes, they really can turn on your cell phone camera and microphone at will without lights, so long as the battery is attached. And VPN? I laugh when I think about VPN. There is no cryptographic protocol used on the Internet, that the Overlords who brought all these technologies out in the first place, cannot decipher. None. The only way to live with this level of privacy evasion is to accept the reality of it. Stop thinking you are ever alone. Out in the middle of nowhere with no electronics on you? Maybe

>> No.51548780

>>51542386
I just report those people to the police for making threats.

>> No.51548842

>>51536263
>nothing to hide nothing to fear
>posts social security number, birth date, full legal name and mom's birth cert online.
>goes to bank,
>bank stole all my money
>pull cash out of mattress,
>sue bank for stealing my money
>keep being told about personal information
>not my information, is federal information
>not my responsibility to protect that information.

If this case happens it will go to the supreme court and the entire USA will collapse.

>> No.51548906

>>51531330
what is this a picture of? what's the context?

>> No.51549205
File: 2.31 MB, 360x360, 6f7436d47cf2b5c89e09c9703e56286aadc52c3225cf86f25c8546f2bb55a7e6.gif [View same] [iqdb] [saucenao] [google]
51549205

>>51547774
Some believe that the gidvernments are larping and don't really have all that tech. Yet, the majority of their doings are classified. I agree with you saving for the last phrases. With nanotechnology or some sort of "quantum" wormholing, they could, perhaps, sense (anything, not just eletromag spec) any event anywhere anytime. As to the practical application of It, who knows. The sky isn't the limit.

>> No.51549517
File: 216 KB, 912x815, 20220902_152341.jpg [View same] [iqdb] [saucenao] [google]
51549517

>>51547774
Another thjng; the intel on just about anyone would be available to AI only mostly. The human operatives would be way too slow to respond and react isn't an option. Ultimately, AI must have a clinical eye and perceive the human as a curious little thing, with close to dementia awareness, if that. Naturally, prior to the development of an optimal AI to obtain and process all pertinent data (and its counterpart "social" networking infrastructure, so that the senile many would stream, nonstop, what earlier would recquire a giant apparatus per subject - and thus would be unattainable) all this had to be handled by autistic nearly schizo geeks with a heavy bag of high sec clearance badges. But they must have been terribly lacking.

>> No.51549549

>>51531370
this, fpbp

>> No.51549612

>>51548906
It's quite obvious. You can see that it's a person but you can't say who it is. Just like in some cases with certain smart contract privacy protocols where you can see a transaction but impossible to connect it to the sender due to the shielding function of the smart contract.

>> No.51549719
File: 16 KB, 700x467, 34535926.jpg [View same] [iqdb] [saucenao] [google]
51549719

>>51547774
When it comes to financial privacy, it becomes more of a concern. The risks in having an insecure financial statements are just too much. This is why you will never see traditional banks releasing the financial statement of anyone without their consent

>> No.51549724
File: 383 KB, 2896x2896, 20220911_175858.jpg [View same] [iqdb] [saucenao] [google]
51549724

>>51536263
Literally impossible, for science, is by definition, a process; thus, incomplete in perpetuity. The available data is, then, paradoxically, indefinitely unavailable.

>> No.51549725

>>51531370
wait till you get hacked and sent to rektville you fucking retard

>> No.51549726

>>51531330
Originally, criminality, then tax evasion. Also some grand ”mah private propertayh” talk which has some merit, but mostly it comes back to tax evasion and buying illegal goods.

>> No.51549763

>>51549725
with monero, it is not difficult to get secured

>> No.51549778
File: 220 KB, 660x440, 1663773610593.jpg [View same] [iqdb] [saucenao] [google]
51549778

>>51549726
>illegal
>goods
>pick one

>> No.51549818

>>51531330
Privacy projects are super awesome and necessary. I will be sticking around MilestoneBased platform to see if I find new startup offering such so I can invest.

>> No.51549876

>>51549763
No doubt about Monero providing privacy and some level of security but i need one that doesn't need me to hold their token to have the least that is necessary. privacy backed with Relayers are the best

>> No.51549953

>>51548906
The creator of the telletubbies.

>> No.51549963

>>51531330
Difficult to garnish something when the ownership isn't definitive

>> No.51550948

>>51549763
I'd rather use Railgun. No way I can shield my ETH coins with Monero unless I swap into the shitcoin

>>51549818
Definitely a scam!

>> No.51550972

>>51547753
web3 projects are focused on decentralized storage and data ownership in communication. You can see Sylo doing that with their messaging app

>> No.51551131

>>51532745
>The wicked run when no one is pursuing
It's good for your heart.

>> No.51551269
File: 47 KB, 192x256, ur_stupid.gif [View same] [iqdb] [saucenao] [google]
51551269

>>51537588
>token gated
This is the hardest no-coiner cope I've ever seen. It's a currency you fool. Are dollars bills gated?

>> No.51551465

>>51551131
work that heart up, so you won't die when pounding some Asian pussy

>> No.51551663
File: 9 KB, 270x186, IMG-20220921-WA0004.jpg [View same] [iqdb] [saucenao] [google]
51551663

>>51533287
Still a lot safer than ICO. And honestly, pajeet, I've made more from investing during IDOs in projects like milestoneBased or on platforms like Skyward finance than from just regular DCAing

>> No.51553250

>>51551663
Exactly my point. MilestoneBased is the brainbox.

>>51550948
Stop dealing with shitty project.

>> No.51553366

>>51549205
>51549205
high IQ post

>> No.51553503

There it is, the United States Federal Reserve, page 1 on Coindesk
/biz/ won

>> No.51553704

>>51531330
There will come a time when you regret holding this opinion. History always shows this.

>> No.51553908

>>51547774
meds (didn't read past the first sentence btw)