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In 1975, describing an analog age of spying that involved phone taps and physical bugging that we would now consider quaint, Democratic Senator Frank Church warned of the dangers of the information surveillance regime already growing in the United States. The surveillance power of the government and its security agencies
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Privacy is a public good. The iron rule of economics is that public goods are undersupplied by free markets. If only a small number of users use privacy-preserving technologies, the use of those technologies will become stigmatizing. Compare WhatsApp, which makes E2E encryption ubiquitous and normal, to Monero, which is
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The above is just an overview of a few challenges the blockchain sector faces, especially those concerned about privacy. A deeper exploration should entail a discussion involving specific policy frameworks and user applications. Although I cannot offer specific predictions for the future, I believe regulators will eventually draft relatively permissive
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Imagine a cash-starved manufacturer in Toledo, Ohio, that has a good idea for a product. It could go to its banker for financing, but instead it turns to DeFi. In a jiffy, it tokenizes a bunch of receivables onto a blockchain and lodges them as collateral on a decentralized lending
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Our early experience with partners like Microsoft tells us that we can cut the cycle-time required to handle documents by more than 90% on a blockchain and the cost of administration by around 50%. Unfortunately, without strong privacy, none of this is going to get widespread adoption. If a company
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In a world where our personal information, interests and activities are being increasingly tracked and documented, it’s little surprise cryptocurrencies that offer users anonymity continue to remain popular despite efforts from regulators and exchanges to restrict their accessibility.In a 2021 Big Brother Brands report, companies like Uber and Meta (formerly
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David Chaum, a pioneer in cryptography and in privacy-preserving and secure voting technologies, is the creator and founder of the xx network. In 1995, his company, DigiCash, created and deployed eCash, the first digital currency, which used Chaum's breakthrough blind-signature protocol. This post is part of CoinDesk's Privacy Week series. Original
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Monero’s privacy protections also set it aside from competitors, not just because they aren’t optional but because of the ways they hide the sender, the receiver and even the amount being sent. While Zcash chiefly uses zero-knowledge proofs, among other features, to add privacy functionality, Monero’s main privacy feature includes: Original
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You have no reason to be. In this 2035 world that respects privacy, thanks to a combination of things that we get right – such as the above “white list” idea, or privacy regulation, or more decentralized solutions, or competitive privacy brokers – you know that your data is not
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Most folks who grew up in an open, democratic society and never experienced anything different in their entire life don't think it matters because it didn't matter all that much. I’ve got nothing to hide, they think. They never lived in East Berlin where the Stasi could show up at
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