Foresight Institute Radio

Shielded Transactions | Who Should Control Your Privacy? (with Whyrusleeping)

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Sep 29, 2022
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INSIGHT

Shielded vs. Transparent Transactions

  • Shielded transactions align closer to historical cash transactions than public digital records.
  • They offer a more natural model of privacy in the digital age.
ANECDOTE

Canadian Protesters' Accounts

  • The Canadian government freezing protesters' accounts exemplifies the risks of transparent transactions.
  • This highlights the potential for governments to control citizens' finances.
ADVICE

Cryptocurrency Privacy Awareness

  • Be aware that most cryptocurrencies are not private and transactions are permanently recorded.
  • Use privacy-preserving systems like Zcash if practical.
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