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Re:EU draft proposes identity requirement for cryptocurrency... by louwrentius on Friday February 18, 2022 @04:08PM (#30391140)
None of the digital payments were anonymous, but still private.

You don't need anonymity to have privacy.

Before you downvote, really think about this for a moment. Because you'll realise that almost none of your payments are anonymous, unless you pay cash (while being recorded).

Re:EU draft proposes identity requirement for cryptocurrency... by dotnet00 on Friday February 18, 2022 @04:32PM (#30391397)
I disagree, privacy without anonymity isn't really privacy at all, it's little more than trusting that the other party is going to be nice to you (which backfires extremely often, eg porn site or dating site payments are "private" until they mess up their security and everything is out in the open).

"True" privacy requires anonymity and the fact that existing systems have been terrible on that end isn't much justification for banning systems that do have proper privacy.

Re:EU draft proposes identity requirement for cryptocurrency... by tarboreus on Friday February 18, 2022 @04:36PM (#30391427)
First, I do use cash..kind of weird to act like cash is an edge case. Second, how is your information private if an intermediary or intermediaries knows what you bought, when, and for how much? In some hypothetical world where PayPal, Mastercard, or Visa didn't immediately turn around a blab to everyone in sight what I just did, fine, but that's not remotely the world we live in.