Vitalik Buterin's September paper about Privacy Pools touched on an idea that could be the start of a new approach to privacy for crypto transactions.
that can benefit from automated compliance at the smart contract level. And this paper has kickstarted that conversation, even if without a conclusion. Meanwhile, how do we go from A to B?
Yes, if someone hacks a protocol, or if an indicted criminal's wallets are identified and they try to move funds to new addresses, these could be automatically added to an association set for honest users to dissociate from.
Yes, but this has its own ultimate attack vectors. Specifically the definition of "unlawful sources". One of the whole points of privacy is to not be beholden to oppressive governments. Iran, for example, could require all users not have any tx history with women's rights…Lastly, the proposal’s intentions are clearly good and its design flexible and powerful. Sadly, a large number of builders aren’t convinced that regulation is helpful for this industry.
After all, we can only build something for success if we agree with its terms and if what’s built meets the requirements of customers and stakeholders. The corollary is that if we don’t agree with those requirements, we need the whole community to rally behind the change — in this case, to fight for better privacy protections and for better privacy education.
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