Part 4/13:
They highlight how Bitcoin's privacy weaknesses—particularly its transparent blockchain—are exploited by regulators to justify clampdowns on non-custodial wallets and privacy tools. The attack on Tornado Cash, a decentralized mixing service, served as a wake-up call, signaling that any service enabling privacy could be vulnerable.
Privacy as a Human Right
The conversation underscores the importance of privacy as a fundamental human right. Governments have long sought to track and monitor financial transactions under the pretext of fighting crime. Yet, the experts point out that criminal activity is a fraction of total transactions, and broad restrictions threaten the rights of ordinary users seeking financial privacy.