Financial privacy has practically vanished over the last 50 years. Most people are in denial about it, and still believe that their relationship with their bank or their credit union is confidential -...
I work in this industry and I can confirm that there’s fucking nothing ensuring the privacy of these transactions. Tens of thousands of people have full access to everyone’s credit card history, and that’s not counting unauthorized access and card skimmers.
Yes, but since their chain has transparent and private transactions, then somebody knows you did a private transaction, which is still a problem. It becomes a, why didn’t you use a public transaction? What did you buy with that private transaction? Why did you need that private transaction? Why couldn’t it have been a public transaction?
With Monero, since all transactions are private at all times, there’s no need to ask that.
I don’t know that much about Zcash but apparently not because they have a shielded and an unshielded pool. So it would appear that some transactions are public while others can be private. And that’s still not okay.
I work in this industry and I can confirm that there’s fucking nothing ensuring the privacy of these transactions. Tens of thousands of people have full access to everyone’s credit card history, and that’s not counting unauthorized access and card skimmers.
the bank worker i interacted with the other day just casually had access to everything
Don’t use credit cards. Use cash (or Monero if buying online).
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Exactly. Those are the only two ways of ensuring privacy.
Well, there’s zcash too
Yes, but since their chain has transparent and private transactions, then somebody knows you did a private transaction, which is still a problem. It becomes a, why didn’t you use a public transaction? What did you buy with that private transaction? Why did you need that private transaction? Why couldn’t it have been a public transaction?
With Monero, since all transactions are private at all times, there’s no need to ask that.
Huh i didnt know zcash had transparent transactions?
And you don’t need a “view key” to see them like in Monero?
I don’t know that much about Zcash but apparently not because they have a shielded and an unshielded pool. So it would appear that some transactions are public while others can be private. And that’s still not okay.
Makes me glad I use Monero because nobody besides me and the recipient has access to that transaction.