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A comment on Infrastructure bill cryptocurrency surveillance provision is a privacy disaster. Parent comment

Re:Infrastructure bill cryptocurrency surveillance provision... by user-the-name on Tuesday August 03, 2021 @08:33AM (#28048394)
It's a worse API. In that situation, you have trusted parties. You don't need a blockchain, and the absolutely crippling tradeoffs it brings with it.
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Re:Infrastructure bill cryptocurrency surveillance provision... by colechristensen on Wednesday August 04, 2021 @01:35AM (#28057576)
Sometimes the “API” in these circumstances is CSV files sent by FTP nightly over private fiber links.

When all parties are trusted there aren’t necessarily any crippling tradeoffs, you get mathematically provable ledgers with no need for a central trusted clearinghouse.

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