crypto

Students coming through sharp on critiquing privacy with the open ledger. 

Lazycasting questions written on the tube after the seminar. 

Thoughts?

Web3 fashion-tech consultant & ex-sr designer @ FILA // copperglobal.io.

Founder/artist @ slowcrypto.com.

Having fun @ /slow-co-lab

Public ledgers can not solve because even with clever wallet strategies, all it takes is one opsec misstep and nothing you do after the fact will help you. Businesses care a lot about privacy. Most cannot accept a public ledger that reveals any of their books. To solve for this, you have to make privacy the default.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

If you make privacy the default, provable disclosure is optional. Most regulatory interest doesn't care if the data is private if compliant. And for those that do, I should remind people (in the US) that if cryptography is a munition and code is speech then assert your constitutional rights in telling them to fuck off.

The other lecturer (I was guest) clocked the opsec risk off the bat. 

Businesses are a challenge, for sure!

In regards to consumers wanting provable digital ownership with (optional) privacy what’s the solution? Going elsewhere to ETH and the like? How does that fare with regulatory interest?

Distributed data governance pioneer - building datastake.io

We’ll do it anyway. We gave away privacy for clout on platforms. We’ll take vulgarity up another notch for coins. Business models are evolving too — open-source, protocol, community value, etc. 

This is an age of transparency and, hopefully, accountability. Privacy loses.