Finding a good balance between anonymity, privacy of information and t ...

in D.Buzz14 days ago (edited)

Finding a good balance between anonymity, privacy of information and transparency is one of the biggest challenges with decentralized finance.

But the answer is probably part of the key to mainstream widespread adoption.

https://cointelegraph.com/news/on-chain-privacy-is-key-t

#dbuzz #microblog #finance


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!LOL I should've known you were going to use this topic when we watched that scene in that series! 🤣🤣🤣

People should be educated in how the world is connected nowadays though.

!LOL I didn't actually specifically share this because of that. Maybe my subconscious mind was telling me to do it.

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KYC is still needed if we want to use fiat currency to buy cryptocurrency. After that, we do whatever we want. Given this limitation, use use fiat currency to buy stablecoins, wait for the clearing period to clear, then we offload the stablecoins to wherever we want. Furthere organization of funds may be needed. After that, we do whatever we want.

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Yes, in the case of going from fiat to crypto it's traceable without much anonymity. But less in the case of getting crypto from other means, mining, Hive, etc.

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