Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Thoughts on Cryptocurrency? (self.privacy)

submitted 7 months ago by actual_patience to c/[email protected]

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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[–] [email protected] 3 points 7 months ago* (last edited 7 months ago) (1 children)

edit: since the well-akshullies are out already, I'll say this is massively simplified because anyone who cares about the actual cryptography or terminology can go read the fuckin docs; it's detail that isn't necessary here.

Wallet addresses are just the public part of a public/private key pair. You can generate another public key with the private key so the address is different, but your private key can still sign transactions for both addresses.

[–] [email protected] -2 points 7 months ago (1 children)

That is not how public/private keypairs work in most algorithms but even if it was, the fact that the public key is used to verify the signature comes from a specific private key means that both (or all) public keys could validate all transactions signed with that private key.

[–] [email protected] 4 points 7 months ago* (last edited 7 months ago)

I recommend you read BIP-44 since this has been a standard for years in Bitcoin. Your other crypto knowledge seems woefully out of date as well, from your questions in your other post. Time to brush up, I think.