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by Lio
195 days ago
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>> Also, if you want privacy, don't use crypto. > Can you tell me another way of buying something over the internet without tying the purchase to a government ID? Isn't the real question more, does crypto actually allow you buy things without tying the purchase to a government ID? I'm no expert but I regularly see articles about de-anonymisation. This leads me to be sceptical about claims to privacy, certainly given enough time and motivation by a government actor. |
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The deanonymization comes from tying any transaction performed by a particular wallet to your identity and thereby deanonymizing all of the other transactions. Which doesn't work if the wallet only ever has two transactions and neither of them are tied to your identity.
That's assuming traditional chains. Privacy coins also exist.