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CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
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[quote:Anonymous Coward 73649866:MV80MDQwMjM5XzczMTgxNDYxX0EwRTBGRjFE] [quote:Anonymous Coward 75856653:MV80MDQwMjM5XzczMTgxMDY5X0E5MzJERkYz] [quote:Anonymous Coward 73649866:MV80MDQwMjM5XzczMTgwOTc0Xzc5RjVDRUU1] [quote:Anonymous Coward 73649866:MV80MDQwMjM5XzczMTgwODUwXzRENkMwMjQ5] [quote:Anonymous Coward 75856653:MV80MDQwMjM5XzczMTgwODIwXzIyRDk0OEU=] My god.. You crypto nuts are baffling in your stupidity. The only thing they are going to do, is to decentralize and use the inherent difficulty of faking [color=red]a blockchain to ensure that you cannot... CANNOT! be anonymous.[/color] They will use it to counterweight every movement online, and make sure that everything you do can be traced back to one single identity. [/quote] the true crypto geeks knew that years ago [/quote] tbf, there is one - used heavily on the darknet drug markets - designed using ring signatures, which provide certain mathematical guarantees of anonymity. It has some heavyweight academics behind it. Wired: Monero, the Drug Dealer's Cryptocurrency of Choice https://www.wired.com/2017/01/monero-drug-dealers-cryptocurrency-choice-fire/ [quote:New York Times]"It is more difficult to follow the money with Monero," said Torbjorn Bull Jenssen, an investor and chief executive of Arcane Crypto, a firm that works with cryptocurrencies. "It has gained some attention among criminals, although its safety might be false: Academic papers have already shown its anonymity has cracks and flaws."[/quote] https://www.nytimes.com/2019/01/10/world/europe/norway-kidnapping-monero.html The flaws referred to have been fixed with the new RingCT technique. Law enforcement standard procedure is spreading FUD on systems that are hardest for them to breach. I believe it'll be banned in the near future. [/quote] Ok... 1. Establish a baseline service, could be as simple as your email, but will probably be something like your bank account. This is now "protected for privacy" through blockchain. Everytime you open another account, anywhere, you'll have to use a secured service to validate it. So every new service is now tied into your verified identity. Anything after that, can simply be traced back, because it's very hard to hack a blockchain, so you can't be anonymous anymore at all. Any service that exists outside of your verified identity chain can simply be flagged as something like "aiding terrorism" and now, having it becomes a crime. [/quote] I was responding to [what seemed to be] your misconception that [i]all blockchains are inherently traceable[/i]. That's not true. There are a few that use highly complex mathematics to [i]record the payment chain[/i] without containing any meaningful trace of your public key/address. This is not only popular on the drug markets - go look at all the major crypto ransoms. Every time, the perp either requests or transfers (afterward) the funds through Monero, effectively breaking their trail. That's why [i]monero et al[/i] will never be allowed mainstream. Because your conspiracy is correct...... [/quote]
Original Message
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link to www.coindesk.com (secure)
]
When are the no-coiners going to understand that crypto isn't going anywhere?
Disney, WalMart and other HUGE organizations have already created their own cryptocurrencies or blockchains.
I'm not posting this so you will go invest to make me richer.
I'm posting this as evidence to show that it doesn't make sense to think crypto is going away
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