2min chapter

The Foresight Institute Podcast cover image

Shielded Transactions | Bitcoin's Privacy Problem (with Zooko Wilcox)

The Foresight Institute Podcast

CHAPTER

The Importance of Privacy in Cryptocurrency

UNOs are just more effective at allowing you to do a certain things that you wouldn't be able to do in any other way. So privacy is almost like a collateral benefit that you get at least from a few of them. And it's a really neat sort of information theoretic connection between privacy and scalability because privacy is about not disclosing information to other people except as desired. But anyway, those are the two things I'm sure of is private transactions, private economic cooperation of all kinds and scalability of decentralized systems.

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