🧵On Privacy 🧵 You may have heard of TornadoCash, Monero, Zcash, Decred, or SecretNetwork. Sounds complex, fringe, and unnecessary. Are they truly private, do we even need privacy anyway? https://t.co/8NL5Fk0Rqd

A very hard unsolved problem, in fact, is how to make it private. The idea of using it for money laundering is absurd. It's the worst way to do it. Everything is public and exposed.

Crypto will be a total clusterfuck for privacy, as the foundational tenets of the blockchain—distributed data across many machines with no central control, inalterable data, public data around pseudonymous (or anonymous) identity, permissionless reading and writing—are utterly antithetical to all contemporary privacy thinking. It’s hard to think of... See more