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w4llstr33t | 4 years ago

I like crypto but the way I read this is that it's a good number of the reasons that the existing financial infrastructure is better (particularly once the US infrastructure updates to things like instant FedNow payments).

I think defaulting to using a mixer would be inconvenient and it could get folks flagged for even using it at all.

Also, what ever happened to not re-using addresses? I know it doesn't make it totally private, but I thought it helps some, since you'd still have to tie addresses to identities somewhere in the chain.

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DennisP|4 years ago

If you just top off your spending wallet occasionally, it doesn't necessarily have to be more inconvenient than visiting an ATM, or paying your credit card bill if you don't have it drafted automatically.

Seems to me that "getting folks flagged" for doing something innocent is a flaw in our government, more than a flaw in crypto.

Not reusing addresses helps against casual inspection but with blockchain analysis these days, it's long obsolete as any sort of real privacy measure. It wouldn't be something corporations could use to protect competitive information. Also it's not useful at all on account-based chains like Ethereum.