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by hesk
1486 days ago
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No, they are arguing against extreme positions. With public ledgers like Bitcoin, everybody can reconstruct your financial history if they know your wallet address. With privacy-focused blockchains, nobody can do that. However, with a bank, your financial history is not publicly available but the bank still can perform checks to guard against money laundering. |
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There are several different levels of privacy [1]. Some hide amounts and wallet addresses, while still exposing the transaction graph.
[1] https://forum.grin.mw/t/scalability-vs-privacy-chart