On Sun, Jul 5, 2015 at 10:41 PM Juan <juan....@gmail.com> wrote:
> On Mon, 06 Jul 2015 11:39:00 +1000 > "James A. Donald" <jam...@echeque.com> wrote: > > > > > > Way back in the beginning I said an ever growing block chain would > > cause unacceptable costs and inconvenience, and lo and behold, it is > > causing substantial and ever growing costs and inconvenience. > > > > But look at the bright side! Every single transaction gets > recorded and stored, until jesus destroys the universe (it's in > the bible). What else can privacy advocates wish for? > > Transparency is also useful, and privacy can be built on top of it through the use of, say, Chaumian e-cash backed by a blockchain-based cryptocurrency. It's a lot easier for the issuing organization to prove that it has a certain amount of Bitcoin than a certain amount of gold. E-gold and even one of the gold ETFs have been accused of double-counting. And if you're using Tor to connect to the network and break up your transactions, it's pretty easy to obfuscate, even without ZeroCoin, and ZeroCoin just fixes the whole problem.
