this post was submitted on 06 Jun 2024
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Privacy
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Privacy is the ability for an individual or group to seclude themselves or information about themselves, and thereby express themselves selectively.
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You're right, most cryptos as they exist are open ledgers for anyone to examine. However there are digital currencies where the ledger is not open, and our private by default, such as monero. Truly fungible digital cash.
I've given my thoughts on Monero elsewhere in these replies.
The phrase "truly fungible" is an interesting one. I was going to ask you to elaborate, but if one "coin" is entirely indistinguishable from any other (including by transaction history, or lack thereof) I assume that's what you mean by "truly fungible". Never heard that before, but it honestly makes sense.
Yes, correct