|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
CRYPTO ADOPTION INCOMING: Microsoft Unleashes Decentralized Identity Tool on BITCOIN BLOCKCHAIN
|
|
Poster Handle
|
Yew |
|
Post Content
|
...
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.
Quoting: Anonymous Coward 75856653 I was responding to [what seemed to be] your misconception that all blockchains are inherently traceable. That's not true. There are a few that use highly complex mathematics to record the payment chain 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 monero et al will never be allowed mainstream. Because your conspiracy is correct...... Not only will they not be allowed into mainstream if they can maintain separation. But they'll be rendered illegal and thus made into red flags by simply connecting to / Using. And while they may not be able to discern your identity in the chain, they WILL be able to link back your identity to having connected to it, which means it's game over. IN addition, the probable way to achieve this will be to put some kind of environmental tax on product shipments. I.e. Any product shipped needs to have paid the tax. Which of course will be directly traceable. If a product hasn't paid the tax, it will be illegal for post, logistics, or courier services to transport it. So now, your "secret" transaction has to be accompanied by a traceable one. Which makes any dark pool of transaction churning an immediate red flag. Etc. etc. etc. The main problem with the crypto nuts is that they think they're smarter than the collective power of the government, and that's only true as long as the gov't doesn't really care about it. as soon as the cost in revenue becomes noticeable, they'll find a workaround to crush it. And this system by MS is a perfect start. well by all means choose not to take advantage of the best parts of crypto while they're here. Just focus on worst case scenarios and use that as your reasoning for not recognizing why it's technically a smart investment. (bitcoin WILL skyrocket past 100k eventually. Long term. people looking for short term gains will be left broke. Smart people making smart choices will be very wealthy later because they took advantage of crypto while the getting was good)
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
