You are viewing a single comment's thread from:

RE: Russia Going To Require All Crypto Wallets To Be Disclosed?

in LeoFinance2 months ago (edited)

More reason to use Monero

If you're in Russia you're going to want to ditch Windows/macOS, install Linux, and learn how to use Tor. Get everyone you know to do so as well. Make it as hard as possible for anyone else to track online activities for anyone. They can't crack down on everyone.

It would be nice to see ring signatures implemented in Hive. Maybe by having a third type of Hive that implements all of Monero's privacy features, Privacy Hive or something.

Privacy needs to be the default, not an afterthought.

Sort:  

Interesting thoughts. Increased privacy measures are definitely a good idea.

As for a privacy-oriented Hive, I'm afraid one of the drawbacks of that idea is that it would be impossible to do anything about reward pool abuse if all transactions done with the Active key were private. Making everything private would make no sense because this is a publishing platform.

You could encrypt everything and make your posts readable only to those in possession with right keys. But once one of those encryption keys leak, everything will be readable for all eternity because of the immutability of all Hive content.

The only way to completely cover your tracks on Hive is to use an anonymous account and a front end that communicates directly with the RPC nodes from an IP address that cannot be traced back to you.

I spent around 40 minutes typing out a reply and then eSteem crashed and I don't feel like typing the entire thing out again, so here's a condensed version.

My suggestion was only to introduce another currency to Hive that features private transactions, just as we have Hive Backed Dollars, Hive, and Hive Power, we could have Private Hive as well.

It would take a significant amount of work, and likely wouldn't get done any time soon given that we have other unfinished features, mostly left over from the old blockchain, such as reset accounts. It would have potential to increase the usage of Hive for regular non-Hive related transactions though.

Speaking of reset accounts, it would be nice for them to actually be fully implemented and enabled. It lets you set an account you trust to inherit your own account after 60 days of inactivity, essentially giving you a way to get your account back if you lose your keys, or for someone you trust to be able to use your funds in the event you're dead or incapacitated for over 2 months.

Anyway, for now, the easiest way to do private transactions is to exchange Hive for Monero and then use said Monero.

I spent around 40 minutes typing out a reply and then eSteem crashed and I don't feel like typing the entire thing out again, so here's a condensed version.

I know the feeling ...

My suggestion was only to introduce another currency to Hive that features private transactions, just as we have Hive Backed Dollars, Hive, and Hive Power, we could have Private Hive as well.

That's an interesting idea.

It would take a significant amount of work, and likely wouldn't get done any time soon given that we have other unfinished features, mostly left over from the old blockchain, such as reset accounts. It would have potential to increase the usage of Hive for regular non-Hive related transactions though.

True.

Speaking of reset accounts, it would be nice for them to actually be fully implemented and enabled. It lets you set an account you trust to inherit your own account after 60 days of inactivity, essentially giving you a way to get your account back if you lose your keys, or for someone you trust to be able to use your funds in the event you're dead or incapacitated for over 2 months.

I agree. Currently, there is no way to regain access to your account if you lose access to your keys permanently.

Anyway, for now, the easiest way to do private transactions is to exchange Hive for Monero and then use said Monero.

Monetary transactions, yes. That's cumbersome.