Interesting view. I think he is probably right.. I just wonder what kind of process they will use to classify and decide which path each coin will follow because there are so many out there and new ones being created by the hour
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We just need to build around it. That is all.
The ability is there. One big time application that hides identity or throws the tracking bots off the path and it is game over.
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That will be nice. I think privacy will be a huge "asset" in the future
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It is going to be tough to negotiate. Money is, after all, nothing more than data. And if we are entering an age where data is more important, then privacy is going to be considered.
How do they separate data that represents one medical history as compared to financial?
I am not sure it can be separated.
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As long as KYC is done in some form or other, it cannot be separated.
This is not crypto, but this example shows what we can do:
MetroCards can be tracked by a serial number, but that number isn't tied to anyone's identity. In this way, MetroCards are like cash.
OMNY, on the other hand, it tied to either the mobile phone or the bank account or both. Essentially, OMNY requires KYC.
If we can keep crypto more like the MetroCard, we're good. Once crypto becomes like OMNY, we're doomed.
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Agreed. We are seeing how they want to control everything and know all that is going on. For this reason, we can see how we (developers) need to develop layers that seriously alter the tracking abilities. They arent going to like it but if the industry has the stuff being produced from all over the world, there is nothing that can be done about it.
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First we give our crypto to
ELON, thenELONredistributes our money back to us in the proportions we used to give first.(
ELONhere is whatever privacy coin we want to use, not actual ELON memecoins.)Posted Using LeoFinance Beta