This is an unfortunate example of why I have said time and time again that public ledgers are dangerous:

This is an unfortunate example of why I have said time and time again that public ledgers are dangerous: https://x.com/hiddentao/status/1802779486347206981

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

/quilibrium

Otoh non-public just attracts the hostilities of governments

Blogger at ribbonfarm.com, running summerofprotocols.com, host of /gloom ☀️

There's a balance, one that we're working to define with Quilibrium — privacy preserving, but with the ability to support compliance considerations in interactions, like when sending to an exchange, they can verify that your funds did not have previous interactions with any OFAC addresses, without revealing what those past addresses were.

Works up to a point for zk-provable stuff like ofac addresses but looking at the broader csam-motivated siege against e2ee, I suspect it will be a harder fight than that

Otoh security through obscurity/anonymity plus single-use addresses for serious tx I think is reasonable for most cases, and will defend against all but the most dedicated

Apple actually had a not terrible solution in their client side scanning approach to add E2EE for iCloud Photos, the marketing was just unfortunately not able to express why this was net better than what they were already doing.