This is something I have been pondering about for a while because yes, unlike Bitcoin which is an anonymous address, Hive’s human readable addresses make it easy to link accounts to you, especially if you use it for business and such.
I like the idea of a privacy wrapper. We already have the encrypted memo option but if we could incorporate some kind of privacy layer for transactions, that would be epic.
This brings up some awesome points and reblogging for the greater HiveHustlers community!
"Anonymous" wallet addresses like Bitcoin can be associated with your real life identity if use it to pay for something that is shipped to your home (for example), but Hive makes it even easier. Another issue is that Hive accounts have a cost and you can't just generate a new one for every transaction. I'm sure someone smarter than me will have better ideas for how exactly to accomplish privacy on Hive, but it's a conversation that should be started.
Thanks for the reblog!
That’s true, there are ways to stay a bit more anonymous with other chains than Hive, but it’s still hard. Not sure how it will work with Hive but maybe one of the devs can figure something out
not really. chain analysis are done by machines, they don't care if your address is human readable or not, it's the same. you should treat bitcoin like hive, public and transparent. for everything else there is monero :)
Monero, and even other even more secure privacy coins like LTHN, EPIC OXEN DERO ARW and more, the former 3 having more use cases than Monero, giving more value
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