Topic: 2021-06-09 Concordium aims to end the era of anonymity in crypto industry (Read 82 times)
June 11, 2021, 08:01:52 AM
So they are basically trying to be the antithesis of bitcoin and cryptocurrencies that are favoring anonymity more than anything else? That's a pretty dumb idea in my opinion becauseit defeats the purpose of cryptocurrency because crypto is the living testament of Internet or Online Freedom that we are still having right now.
June 10, 2021, 08:36:21 AM
The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency. See more for yourself here.
Your opinion is greatly appreciated.
Anonymity of bitcoin? Are they new to the crypto space? At best you get some pseudo-anonymity, just ask the Colonial Pipeline hackers.
The problem is NOT that there is too much anonymity, it is that there is way too little. Sure, maybe for some people they'll want complete transparency on their finances (you spend $500 on pornhub? or $500 on LSD? or $500 at the book store?), but most people know that freedom and anonymity go hand-in-hand. Anyone who values liberty knows that free speech requires the ability to do it anonymously. Just ask the protesters in the countries Russia, China, Taiwan, Cuba, Venezuela. Just ask anyone with an opinion in the US that isn't properly racist - e.g. judging people by the color of one's skin used to be a huge negative. Today, criticizing overt skin color based racism is grounds for cancelation.
The best thing about this is that it will highlight the importance of privacy and anonymity and the stupidity of projects that attempt to erode it.
Thank goodness that it appears that Taproot and Tapscript etc will lock in late tomorrow or early the next day depending on one's time zone because it will help the anonymity and privacy profile of bitcoin over time.
June 09, 2021, 01:14:00 AM
Cryptocurrency is inextricably linked with the anonymity and confidentiality of participants in this market. They are one of its main advantages. People in cryptocurrency are attracted to a large extent by these features of the cryptocurrency market. Therefore, they will always choose a reasonable degree of confidentiality and anonymity. People want to have their own space in the financial sector, where they would feel outside the constant supervision of government agencies. Therefore, I believe that privacy and anonymity in cryptocurrency will remain, despite the desire of governments to change this.
June 09, 2021, 12:47:11 AM
The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency. See more for yourself here.
Your opinion is greatly appreciated.
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