Base

want to bring the world onchain?

we've built a toolkit for small businesses to accept USDC on @base. 

onboard a biz you own, onboard your local coffee shop, onboard anyone. 

acceptusdc.com

Very cool, but can we hold off on onboarding normies until we have ubiquitous privacy?
Otherwise, it feels like a privacy scandal in the making

Wannabe contributor for /walletbeat.

Censorship resistance requires privacy.

This is true, but also being in a physical location already reduces your privacy... like I could look over your shoulder and see what you're buying in line at the café. I agree that for stuff like medical billing/pharma we need to make stuff private to support HIPAA compliance (in fact, this might be a backdoor to privacy, even if congress doesn't want to pass new legislation).

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE

Say I own a small corner store.
I hire a burly "security guard", order him to stand at the door.
A guy comes in at 4AM. He's the only shopper in the store.
Buys a pop w/ USDC.
I see he has >200 ETH in the wallet he paid with.
I blink at the guard twice, our code for "wrench attack time".
👨‍🔧 🤕 👩‍🔧

This is the sort of scenario that deploying this technology in its current state enables. It's not just about the relative loss of privacy. It's also about the buyer's and seller's physical safety.

VP Tech Gnosis, founder HOPR. I believe in empowerment of the individual through decentralization and privacy.

That argument implies uncharacteristically good opsec. Their phone wallet must only have a small amount on hand at all times (tedious to maintain), and that this same device _cannot_ have access to Binance (nor can they remember the password to it).
... And they may still take a beating on the spot despite all that.

I want to agree with you but the problem with [De]Fi degens is that they say "lmao, Binance fixes this"