Are we doomed to tell governments their entire financial life? Subscription to porn channels – even paid in Bitcoin (BTC) – real estate purchase, vacation budget: you have to get naked. Dash (DASH) turns its back on anonymity: too risky a position in the face of pressure from the US authorities who are making life hard on crypto projects today?
Dash closes the door to privacy
Recent statements from Dash Core Group CMO, Fernando Guttierez, question the status of Dash as anonymous cryptocurrency.
This one indicated that Dash was a payments cryptocurrency characterized by its ease of use, the low cost, her speed and an optional privacy protection users.
This statement goes completely against the statement of the white paper of Dash : the latter indicated that Dash was the first cryptocurrency focused on Protection of personal data.
Confidentiality would therefore no longer be at the center of the development strategy of Dash Core Group although Dash still has the function PrivateSend.
Guttierez explains that this feature used CoinJoin, a technique that allows holders of Dash to mix several transactions in order to complicate their traceability.
When the US authorities play hackers
2 other cryptos play on the grounds of anonymity: Monero (XMR) and Zcash (ZEC) which were created in 2014 and 2016 respectively.
Anonymous cryptos are gaining more and more attention from regulators as evidenced by the latest initiative by theInternal Revenue Service (IRS) to the United States.
TheIRS recently offered a $ 625,000 reward to anyone who can crack the Monero : the latter would be one of the preferred cryptocurrencies by terrorist and criminal organizations.
Guttierez refrains from taking a position on the subject: according to him, Dash is a public blockchain and the privacy offered by the network is not based on encryption.
In the last news, Chainalysis and Integra FEC would have won the bounty ofIRS.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
The terrorist organizations also use the dollar and the euro to finance their activities: a bonus of 1000 Bitcoins (BTC) for those who manage to put these 2 fiats out of the game? Should we applaud Chainalysis and Integra FEC or now include their name in the list of sold? Decentralization and exit from the current economic and financial system – whose weaknesses and faults are known – are ultimately not a matter of technique or organization. It’s more a question of courage, and some in the cryptosphere seem to lack it at times.
Litecoin, welcome in the Silver Age