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ION - an open, public, permissionless decentralized identifier network built atop Bitcoin blockchain by Microsoft
in 2030 , there will be a huge Demand of Lit - ION battery in the industry and the massive revolution of using EV started just this 2021. this is the good time to buy LIB and be one of the investors of Libcoin! gain more profit buy holding it! Rich | WAGMI !
What’s up with this? Anyone have ION
Libcoin_Token is Crypto Project that aims to Build a Lithium-ION Batteries that is suitable for Electric Vehicle ideal as a substitute to oil.
JUNO, permission less interoperable smart contract built on cosmos. Cosmos little brother….
Mentions
This shows some of you are brand new 2017 > Accenture, Microsoft team up on blockchain-based digital ID network https://www.reuters.com/article/idUSKBN19A22A/ 2019 > Microsoft announced plans to use the Bitcoin blockchain to create a "digital identity" that could be used to access sites and apps across the internet https://www.wired.com/story/microsoft-wants-protect-identity-bitcoin/ 2021 > We are excited to share that v1 of ION is complete and has been launched on Bitcoin mainnet. https://techcommunity.microsoft.com/t5/security-compliance-and-identity/ion-we-have-liftoff/ba-p/1441555
You can use it to fully secure USD loans at under 5% APR -- roughly lower than you could mortgage a house for. You can also trade it to record secured digital checkpoint data for other faster, cheaper to use networks. See [Microsoft engineering](https://www.computerworld.com/article/3394686/why-microsoft-is-building-a-bitcoin-based-id-verification-system.html) designed [ION identity systems](https://identity.foundation/ion/) for one existing example out of a handful of experimental, but already up-and-running systems.
>is it as decentralised as ETH? I would not even call ETH decentralized to be honest. The Token is well distributed but in terms of political governance.. it’s not. >all validators are the same sub entities' which I believe isn't correct, you even stated after an 80% figure but it's an assumption not a fact. I agree it was bad, and completely took out of my ass. However, I don’t think I’m far from the truth. Listen, if there is no place to have a Solana public governance (like I shown you the recent Octobre post to propose to start governance). If this place wasn’t exiting, where do you think all small validators were casting their votes and participating into governance? No where, it didn’t existed. The absence of things to show is a proof by itself in this case. SOLANA Fondation is not displaying the current % they truly owned in the validators set. Why showing you’re centralized af ? As I said, the minimum requirement to run a SOL nodes is way higher that most other L1 in the top 20. We never ever heard any discussion and debate on Solona governance, not once, because this is not how it works. Solana fondation has devs, they push updates, fondation validates or not, and Validators vote accordingly. Not here to shill my shit, but for exemple, every chains build on the Cosmos SDK, come defacto with a gouvernance module that allow them to have in day 1 a place to cast votes, submit proposals.. etc so they create right away a forum and synch the two. It’s way better approach that waiting to be top4 and 80% of the token are already in the end of the same person to initiate it imo. As I said, it takes years to decentralized a very centralized validators set. For exemple this is exemple of on-chain proposals parameters that have been pushed or are currently push on ATOM to improve decentralization: incentives to stake on-chain and votes: -cosmos stackers take the part of the rewards of the person who don’t stake. - no airdrops for the one stacking on a CEX val and on the 20 first Val - quadratic voting and quadratic voting, to decrease voting power proportionally more you have ATOM, to make small delegators more impactful. - creation of DAOs and Sub DAOs. - creation of a community pool, so the users feel actually concerned about the vote and how the CP funds are spent. - money? On analysis and research to apply best practices. Time, as it takes many years to educate delegators to track validators bad/good behavior, redelegating - dozens and dozens of on-chain small change parameters to governance itself, like adjusting fees to vote, rewards to vote (ION DAO), how it cost to submit a proposal, to avoid spam proposals, period of voting, which quorum to choose? 30% 40%? 50%? Ideally you want a high quorum but it takes lots of effort to motivate to the community.
Much of the value comes from there being a for-public-use data server (the ledger) with certain useful security/anti-fraud guarantees built into the structure. If people want to write a lot of data to that data server, the price goes up. If the world doesn't care so much, the price goes down, and it becomes cheaper to write since there's less competition for the limited space on the ledger. You can use these security guarantees to provide security for decentralized networks at a fraction of a fraction of the parent network's infrastructure, power, and general bringup costs. One existing example are the ION identity nodes (open source, but coded by Microsoft engineers) that provide infrastructure for a decentralized network that can be used to provide identity guarantees -- say a driver's license from Canada that could be verified in Germany for a car rental.
Any Osmo/cosomos ecosystem holders here? I barely see osmo being mentioned here even when they are progressing at an insane speed. but yeah price action ain't too nice but I do remember when people got ION worth $10k or more, fun times!
At best, you can write a hash of a document to the chain in order to let future people prove that a given document hasn't been altered. Systems like ION Identity nodes use something along these lines to bootstrap decentralized networks without having to convince people to mine their chain.
The golden age of IBC airdrops is over. NETA, JUNO, OSMO and ION made tons of money to *some* people. Airdops are a marketing strategy right now. No wonder they are worth pennies.
https://index.ion.wtf/ is the official link. You can always look at osmosis.zone/ecosystem page as well. That'll have all the available projects on Osmosis. This one happens to be the ION DAO project backing the IBCX token.
I’m trying to load up on ION, it’s a different play but I’m hoping it pays off.
Very glad I decided to load up on ION this dipperony
There is a whole community built around Decentralized Identifiers and Verifiable Credentials for this type of thing. Even a DID system called ION which anchors the identify data to the Bitcoin Blockchain. The general idea is to sign data (messages, videos, images) in a universal format so that anyone can independently validate the origin of the data and assign some sort of reputation score based on the signatures.
Some of the early airdrops for Atom holders were surely worth it especially when you would exchange them early. Chains like Juno, Osmo, ION and NETA could lead to airdrops worth more than the initial stake. The airdrops in the past year have been lacklustre at best for the cosmos network but then again, a bear market is not the best time to launch a new blockchain.
I can’t get enough ION, I want more
I have heavy FOMO on ION, I know there isn’t much utility right now but damn it’s got such a low supply.
/r/stacks is huge. ION decentralized identity. Lots of stuff happening in the bitcoin space still.
OP is missing the shilling of the fundamentals of IOTA which was marketing of a pure vaporware scam project. There were lots of other bullshit hype scam projects shilled which people claimed had fundamentals and how they would change the world including OmiseGo (bank the unbanked), REQuest Network (the most important financial project in crypto), ION (hyperconnecting the world)........is that what the OP is missing? Shillers having discussions and convincing low IQ crypto investors that scams have fundamental value? > For now, in brief: Qubic enables Smart Contracts, Oracles, Outsourced Computing and lots more. Qubic, using IOTA as a backbone, will be the foundation of plenty more projects that we have in motion already, but more importantly, it will be a platform for the greater community and ecosystem to create things we can't even imagine yet - Scammer Founder David Sønstebø https://np.reddit.com/r/CryptoCurrency/comments/8gqkte/iota_teases_qubic_oracles_smart_contracts_and/ https://np.reddit.com/r/CryptoCurrency/comments/8gqkte/iota_teases_qubic_oracles_smart_contracts_and/dydscv0/ > Spacebit will use IOTA for an IoT network of multiple space vehicles and Qubic for AI and outsourced heavy computing https://np.reddit.com/r/CryptoCurrency/comments/9ohisz/spacebit_will_use_iota_for_an_iot_network_of/ > IOTA (MIOTA) Qubic Project Takes Giant Leaps: IOTA Becomes a Car Insurance Game changer https://np.reddit.com/r/CryptoCurrency/comments/9mxewy/iota_miota_qubic_project_takes_giant_leaps_iota/ > How IOTA’s Qubic Might Be on the Verge of Revolutionizing Finance https://np.reddit.com/r/CryptoCurrency/comments/8h6p07/how_iotas_qubic_might_be_on_the_verge_of/ IOTA **Data Marketplace** which has also been nothing but bullshit hype. Nothing is delivered, nobody working on anything here, not in focus. > UPDATE: IOTA Data Marketplace Participants...According to Dominik they cant even cope with the amount of companies asking to join the data market place. https://np.reddit.com/r/CryptoCurrency/comments/82nfv7/update_iota_data_marketplace_participants/ IOTA consistently hype spammed claiming they had huge **partnerships** since 2017/2018. There is not a single result or product that has come of of it. Bullshit to hype and dump IOTA tokens. > Official Bosch Press: Bosch to turn Chinese cities into SmartCities with IOTA! https://np.reddit.com/r/CryptoCurrency/comments/80n4ww/official_bosch_press_bosch_to_turn_chinese_cities/ > BOSCH will use IOTA for industry 4.0 productivity !! https://np.reddit.com/r/CryptoCurrency/comments/7pmspm/bosch_will_use_iota_for_industry_40_productivity/ > VW announcing cooperation with IOTA foundation at BOSCH Connected World https://np.reddit.com/r/CryptoCurrency/comments/7z7ahh/vw_announcing_cooperation_with_iota_foundation_at/ > IOTA with Bosch, BMW, EnBW, Ernst&Young, LBBW, MAHLE, Porsche, Trumpf, Vector, VW and Vito Ventures https://np.reddit.com/r/CryptoCurrency/comments/7urvei/iota_with_bosch_bmw_enbw_ernstyoung_lbbw_mahle/ > Fujitsu and IOTA Preparing for Bosch Connected World https://np.reddit.com/r/CryptoCurrency/comments/7vx7or/fujitsu_and_iota_preparing_for_bosch_connected/ > GENERAL NEWS: Bosch Wants To Deploy Crypto Technology in Autonomous Cars [IOTA] https://np.reddit.com/r/CryptoCurrency/comments/7wehea/bosch_wants_to_deploy_crypto_technology_in/
I'm gonna say ATOM as well, the CosmosNetwork / Internet of Blockchains is a wonderful place; if I had to pick one token from there that wasn't ATOM, it would be Bitsong BTSG as I'm really enthused for the project/platform(s) incl. Sinfonia and the soon launching NFT platform. The airdrops you are opened to just being staked on the network in ATOM, OSMO, JUNO etc. can occassionally be pretty lifechanging (looking at Wynd in the last couple days <3 ) but others before my time got some amazing things with ION and others.
Yeah I'm surprised I'm just hearing about it too. Found more about it on Microsofts website here too [Microsoft ION project ](https://www.microsoft.com/en-us/research/project/ion/)
Yes, ION can be used for the trust system and it’s inherently better than what we have now. Taken from the article I already linked and explains it. Before we can understand DIDs, it helps to compare them with current identity systems. Email addresses and social network IDs are human-friendly aliases for collaboration but are now overloaded to serve as the control points for data access across many scenarios beyond collaboration. This creates a potential problem, because access to these IDs can be removed at any time by external parties. Decentralized Identifiers (DIDs) are different. DIDs are user-generated, self-owned, globally unique identifiers rooted in decentralized systems like ION. They possess unique characteristics, like greater assurance of immutability, censorship resistance, and tamper evasiveness. These attributes are critical for any ID system that is intended to provide self-ownership and user control.
Well I just named one in my previous post. Microsoft ION, it is a L2 on Bitcoin. It holds your digital identity on a decentralised platform and is a passwordless. Think of using your face or FIDO2 key INSTEAD of your password (not as well as for 2FA). This account could be used for every logon you have from social media to banking. What it’s replacing and improving on is signing into other services with your Facebook or Apple etc accounts. The banking point you made I already agreed with you on. Bitcoin is certainly not a fraud, but it also can’t be used as currency as can’t technically handle it, I wouldn’t buy it. The last point I kind of disagree on, I understand you can do it using traditional IT, but just like Microsoft ION I think a community based and open source system, for smart contracts and with no native coin would be a better solution than docusign hosting a signed contract on their infrastructure, mainly because the contract is immutable and a third party carries additional risk.
I’m not sure that’s true, there are many services that have now have alternatives on chain, banking, trading, digital contracts, web hosting just for a few examples. I think it’s more about looking for improvements in these alternatives. Is holding your own currency better than holding the currency of your government and is it more secure than a bank? - Maybe, depending on you government, but you could always hold a different fiat. You have some level of protection from a bank too, I lean to there not being benefit over a bank at the moment, the problem of death and losing funds certainly needs fixing (Strongbox looks to fix this but I’m not sure Main Street would be arsed with this, it needs to be built on chain). Is hosting a website on chain more secure than hosting on an IIS or Apache server? And if so is it more cost effective? - I believe it is, hence why I’m only invested in Web3 projects and DID, but traditional IT could just use DID for logons only (Microsoft ION being the case here). Are smart contracts better than something like docusign? - Maybe it’s something docusign could improve upon (adding logic) but I think contracts being on a decentralised ledger make the most sense. However, there doesn’t necessarily need to be a native coin and there isn’t for Microsoft ION (it’s a L2 on Bitcoin), a L2 on Bitcoin for smart contracts is something Docusign could do.
OSMO vs JUNO, ION clawback, JUNO whale, JUNO clawback from said whale, what else did I miss
Personally, I think it's inevitable that it'll go back up - and likely past previous ATH - *eventually*. I don't know if that'll be 3-4 years, or 10+ years- but I'm a tech nerd who feels convinced it's not going away. One cool thing most BTC traders haven't heard about- Bitcoin network is *not* a 'financial only' network. For engineers-types who are in-the-know, it's the first publicly owned rental service for digital fraud protection. Anyone can make use of those services- but most people have only heard about that 'rented security' (the BTC transaction fees you pay) being used to secure simple A to B wallet transfers - and they assume that's the end of the story. Short version- other services can pay in Bitcoin to 'rent' security guarantees from the parent network's infrastructure, then use that security to essentially create their own (potentially non-financial) decentralized networks that work faster, can handle more transactions, and cost a fraction of a fraction of the infrastructure costs, energy usage, and security concerns the original network required to bring online and secure. One neat example is Microsoft's open source ION nodes, which provide decentralized identity services. The actual data is stored off-chain, and the nodes operate on their own- but they pay the Bitcoin network in BTC for the ability to write global-sync checkpoints to the public Bitcoin Ledger, which can then be used by anyone on earth to verify that any ION node on Earth (regardless of who's running it) contains only valid identity data with no alterations. https://techcommunity.microsoft.com/t5/identity-standards-blog/ion-we-have-liftoff/ba-p/1441555
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
For a long time i felt the same about QNT but it doesnt matter anymore because the bag holders finally got rewarded. I currently feel the same about ION and even MKR, people are sleeping on DAOs.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
The best airdrops for me have always been the ones that I did not see coming: UNI, ION, APTOS. Just playing around with stuff to see if it has potential and a few months later you get a nice surprise.
How to receive ION airdrops? I am using Keplr wallet. Thanks in advance!
Ion been doing well recently with the ION DAO and first proposal up. Will be interesting to see how this cosmos index token plays out.
No. The perfect application for blockchain has been found, and that is Bitcoin. Other uses are extremely limited IMO. Microsoft [ION](https://identity.foundation/ion/), an implementation of decentralised identity w3c spec, for example. It makes a Bitcoin transaction containing a hash that refers to several identities. Since the identities are mutable there does not seem much value in remembering the hash at a point in time. The internet already has ways to distribute and verify information without needing a blockchain. An absolutely immutable internet would be a bad thing.
Why is ION pumping like that?
ION it's time for a correction ok ^i ^want ^to ^buy ^some
Have you looked into ION 3.0 proposal?
ATOM JUNO OSMO EVMOS are solid airdrop magnets if you have a decent holding of each. Some airdrops have minimum and maximum staked limits to qualify. I am a huge fan of SCRT (Secret Network) and it is also decent for drop qualifications. It has earned me Shade Protocol, Jackal, some NFTs and other projects still coming (I hope...this isn't my first bear) ION is set to become a DAO and launch a COSMOS index token soon, I imagine some drop snapshots for $IBC are coming.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
“ION 3.0” no idea what that tweet means but hopefully it pumps my bags lol.
Funny enough, we will have Neutron and ION before proton or electron project lol.
ION Dao launched recently, I wonder if ION will go on similar run like past December? Looks like they’ll be using it for new Osmosis stable coin governance.
It's used as a base-layer to secure things like [ION](https://techcommunity.microsoft.com/t5/identity-standards-blog/ion-we-have-liftoff/ba-p/1441555, an open sourced Decentralized Identity network project Microsoft engineers released.
Yea I got in about the same time before the OSMO snapshot. Wish I would have been able to vote on the prop for ION though. Wouldn't mind it going down at all short term by any means, having already seen close to $40 ATOM, I'm not too worried about a $2-4 difference from my original buy. That's still a gift to me.
Cosmos has inter blockchain communication amongst separate chains. The future is multichain, and the TPS you mention is only for 1 single chain. With Cosmos chains you can theoretically have infinite separate chains communicating with each other. KAVA is a Cosmos chain with IBC enabled. Here is a list of all the separate Cosmos chains (and some tokens on those chains like ION) which are interoperable through inter block chain communication: https://www.coingecko.com/en/categories/cosmos-ecosystem
I've been thinking about doing the same but in typical fashion I'm greeting for a more substantial dip. Anyway, DAO's are pretty cool, I think they're still sleeper. As a long term hold your mileage could vary but in the short term, I think they're great ways to make fast money through volatility and platform hype. Check out ION and what devs in the cosmoecosystem are trying to do with that.
Microsoft also invests in its own business in projects that have to do with cryptocurrencies. One example is Microsoft ION.
I didn't realise ION went that low. But sounds like you did a good trade there Wilder, so well played!
ION going to $18k or whatever it was a few months back was the reason I didn't sell my Neta when they were a "measly" $3k each
I avoided the neta thing following the simple 'if it looks like ION, smells like ION... ' The raw I just got the airdrop and as it was just irrelevant, put a portion in the governance and other in the lo with Juno. Whatever it does it ll be fine
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
I'm a Maximalist because ultimately everything will be built on top of Bitcoin. Just like the second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/
I am not seeing that too many people are buying the ION here. IS it a bullish or buying signal for me that i need to buy this thing? But yes Atom is the one coin that i am shilling big time here.
At #1 I'm going ION, at #2 I'm going QNT, at #3 I'm going ATOM, at #4 I've got EWT/POWR, at #5 we going AVAX, I'm flex-a-ing at #6 with AMP, and coming in tried and true at #7 we got BTC. ^Disclaimer: the numbers were simply fun to use and should not be used as an indication of how valuable I perceive an asset to be. Furthermore, it should not be assumed I own all or any of these tokens simply because I suggested them.^
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
Win: FIL & ION Loss: Unrealized 😎
Invest X amount into BTC/ETH as an anchor. Buy X amount of the major coins in the Cosmos ecosystem and stake them so that you are eligible for any and all airdrops while earning passive income + buy 1 ION because giga moonshot token. Just don't forget to unstake during bullmarket. Next, look at popular tokens people are invested in and DYOR on those tokens + other lower cap tokens in the same sector/field. Make your decision and buy some of those - diversify. Set 1-2k aside for try powder, to cure fomo, load up on new/improved token.
I sold my FIL near peak at idk how many times but it was a lot lol. A close second was from ION. My biggest "loss" is usually coins that I decided not to buy like MATIC when it was worth cents or ADA at .10 I tend not to realize that much loss because I don't marry bags so I don't have much loss porn but I guess my biggest would be from way back in the day when I was new and FOMOing into things like XTZ and BAT.
I remember. That was a truly historical moment, not only for Bitcoin but for humanity. Every newbie should read this, it was an epic battle between evil (centralized powers) and good (we the people). Bitcoin is 'anti-fragile' and only gets stronger every single day. Nobody and nothing can stop it, at most they only can temporarily and locally delay some of it's developments/functionalities. It has many parallels to the Internet: Bitcoin development layers are just like the layer apps on top of its (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network). > > I think they are awesome: > > * RSK ---> https://www.rsk.co/ > > * RIF ---> https://www.rifos.org/ > > * SOV ---> https://developers.rsk.co/solutions/sovryn/ > > * STX ---> https://www.stacks.co/ > * RGB ---> https://www.rgbfaq.com/what-is-rgb > * DLC's ---> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin > > * Sidetree ---> https://identity.foundation/sidetree/spec/ > > > > * L-BTC ---> > https://blockstream.com/liquid/ > * WBTC ---> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin > * Suredbits ---> https://suredbits.com/ > > * Lightning Network---> https://lightning.network/ > > * Microsoft ION --->https://identity.foundation/ion/ Regarding its economic factor, this is the best way to put it: Why would I give up my Bitcoin for printed-to-infinity government coupons (IOU's)? > Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday? > > > > [Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to](https://gyazo.com/10ead3a5c1fd8ed1e9d150ed6cced62d) > > > ***"When measured in fiat, Bitcoin price will rise infinitely"***. > > ***"Bitcoin has no top, because fiat has no bottom"***. > > > I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the [same as somebody who bought a block in Manhattan on the 1800's](https://www.youtube.com/watch?v=s-kKDR30Fb8) will never sell it no matter how high the price goes when measured in ever-worth-less USD. > > You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either. !lntip 3000
It's used for security infrastructure rentals by layer 2 systems like Microsoft engineered ION nodes that run on top of bitcoin network via paying to write secured hashes that get used to sync nodes around the planet without a centralized controller.
The legacy protocols are old and outdated the way TCP/IP is outdated and old. You don't get rid of it, you layer shit on top of the base. You know that Bitcoin network is already being used as a base for non-financial networks like with Microsfot's ION nodes for providing global decentralized identity services, right? It's not that they didn't consider Ethereum for a base- they decided *against* using it.
Lol first time I’ve seen someone mention ION in here aside from my comments! I bought a couple a few days ago at $500 and it almost 2x in price.
Oh boy, I've got a real nugget for you guys today. I'm going to tell you about the infinite money glitch token named **ION**! I'll have you know that at one point I held 5 of these bad boys. I've since sold and I currently no longer partake but lately I have considered reinvesting, in fact, I plan to reinvest in the future but I digress. **ION** is a limited supply token, think YFI, but with unlimited potential depending on the use case they decide for it. Unlike YFI though, the supply of ION is -15,000 ^(smaller) and it's supported by the powerful chain known as Cosmos. Sunny Aggarwal is the creator of the ION token, as well as the creator of the OSMO token, and the Osmosis layer 1 DEX, which happens to be the most popular DEX in the cosmos ecosystem. **Stats** * Total Supply = 21,294 * Circulating Supply = 21,294 * Max Supply = 21,294 * Use Case = None/TBD * Ecosystem = Cosmo * Advantage = First Mover * Time Of Creation = 1 Year Ago * I only lost access to my tokens for 3 days (while they halted the chain) which is a lot lower than the other guys /s To add even more sugar to this ice cream sundae, the Osmosis DEX recently suffered an exploit of 5 million dollars! It could have been a lot worse but it wasn't. Why? I'll let you DYOR about the details but what you need to know is that the exploit was identified in a timely manner, the communication was great, and the current price of the tokens seem to have priced all of this in.
Yes. The ledger is a digital security base that can be used to rent security infrastructure to other lower-energy networks that require a fraction of the energy, or infrastructure bring-up costs. See: Microsoft's ION nodes https://www.microsoft.com/en-us/research/project/ion/ which provide non-financial identity services using bitcoin's ledger as a reliable way to sync nodes around the globe.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
>You don't store the data on the blockchain- the blockchain is just used for checkpoints to validate the off-chain data (stored in a non-blockchain-based, but decentralized manner via systems like IPFS- but any data source could suffice). And that's why I said that for that decentralised blockchain is not a good idea, but that's not my problem. >The blockchain is just used as a security mechanism to prevent someone from say, running an ION node with altered data, then trying to use it to pass off a fake identity validation. I'll repeat because you seems to not understand what I'm saying - And that's why I said that for that decentralised blockchain is not a good idea, but that's not my problem. >>This discussion is pointless as you are clearly diverging from the utility of currency. >This reads like "we need to stop talking about cell towers being used for trasnfering internet data, and we need to focus on cell towers being used for A-to-B phonecalls only." What a nonsense. It should read that discussion was about utility of currency. Not other solutions that don't need inefficient blockchain. What is this crap about phones anyway? >The point I'm making is that when you say >>I think bitcoin is shit that should die as it is dragging whole crypto into speculation Road >You clearly aren't understanding what these base-layer networks are used for beyond "base-layer A to B fund transfers," and you're missing a big chunk of the puzzle as a result. I'll repeat because you have problem with reading. What a nonsense. Discussion was about utility of currency. Not other solutions that don't need inefficient blockchain. Maybe read comments with understanding before you diverge. You said completely nothing to address what I was saying. You just getting deeper into unnecessary discussion about crap.
You don't store the data on the blockchain- the blockchain is just used for checkpoints to validate the off-chain data (stored in a decentralized manner via systems like IPFS, but doesn't have to be). The blockchain is just used as a security mechanism to prevent someone from say, running an ION node with altered data, then trying to use it to pass off a fake identity validation. >This discussion is pointless as you are clearly diverging from the utility of currency. This reads like "we need to stop talking about cell towers being used for trasnfering internet data, and we need to focus on cell towers being used for A-to-B phonecalls only"
>ION isn't a currency at all. It's a totally non-financial network, totally independent of bitcoin, but using the reliability and known security of the base-network to skip past the headaches and costs of bring a new decentralized network online with home-rolled security. Exactly what I meant. And I doubt decentralised network is best solution for what they get, but that's their problem.
ION isn't a currency at all. It's a totally non-financial network, totally independent of bitcoin, but using the reliability and known security of the base-network to skip past the headaches and costs of bring a new decentralized network online with home-rolled security.
>You gotta keep in mind that bitcoin network can be used as a relatively cheap security layer for other way faster, way cheaper, but still 'as secure' networks just fine. Or coins can use their own security, because you know, that's pretty much a requirement to exist. >Like ION nodes for providing decentralized (pseudo-anonymous) identity services, but using the bitcoin ledger as a secure sync point. That's not a currency I'm talking about, is it? For most other things we don't need inefficient blockchain to participate.
I mean, you can use bitcoin as a security layer for other way faster, way cheaper, but still 'as secure' networks just fine. Like ION nodes for providing decentralized (pseudo-anonymous) identity services, but using the bitcoin ledger as a secure sync point.
More about ION here: [https://techcommunity.microsoft.com/t5/identity-standards-blog/ion-we-have-liftoff/ba-p/1441555](https://techcommunity.microsoft.com/t5/identity-standards-blog/ion-we-have-liftoff/ba-p/1441555) Also, I didn't know the CEO of Bitcoin was Jack Dorsey!
Bitcoin is so much more than a currency. It’s the most secure immutable ledger there is currently. A better comparison than bitcoin vs usd would be bitcoin vs tcp. Rather than a currency it’s a new way of keeping account for value (and things). It can be used for decentralized identity for example (check Microsoft’s ION for example). Layer 2 applications will bring tremendous value to the world which will translate in demand for bitcoin and entries in blocks on the blockchain, which are both scarce. I personally think the scarcity of block space will be the ultimate driver of Bitcoin value.
back when I still watched commercials I remember some about this copper bracelet that promised it would cure all sorts of things, another rubber band bracelet with ION's in it would cure cancer. companies will take any money they can get, commercials are not an endorsement, now if CMC was recommending people buy shitcoins by adding them to a recommended section on their site I would have an issue with that.
Seeing ION +50% on coingecko after rebuying the other day is a nice way to start the day!
- Easy multisig for normies - channel factories or some other channel batching marketplace - an app on my phone that connects to my local FediMint - lightning as the default payment rails for online services, integrated right into the browser - no more usernames/passwords. Identify with a DID anchored to Bitcoin through ION - stablecoins have been replaced by DLCs over lightning - cold storage vaults that you can drive from your phone
Looking into the verifiable credentials standards and implementation for some of the tech companies, it seems they use btc ledger using ION. I don’t see cardano making much headway here when there’s already an L2 that works so well for it. https://identity.foundation/ion/
Maybe but I doubt it. Do is describing a clawback. Look into the history of cosmos chain, it's happened several times. They could potentially pull a Juno style wasm upgrade to slow governance votes to execute code and lt the community do the dirty deed.. or straight up clawback like Osmosis did with unclaimed ION. But to do this all requires the validators to upgrade code and run a new version. If they straight up forked fine... But that's not what he's describing.
Ionmy (ION) many many many years ago... then later Microsoft comes over and stole the code and released the stolen code as their own ION, pretty shitty situation.
Great to see all these good experiences. I think osmosis is the largest interchain dex. And also for me one of the best experiences in the whole crypto world. Anyone here really interested in osmosis should check out $ION 21k supply.
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
Wtf is ION and why did it have a 12 MILLION % spike?
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
>if it's an inconceivable waste for one dishonest attacker to do it for a couple hours, is it not a waste for the honest miners in aggregate to do it eternally The same logic could be applied to guarding just about anything considered valuable - say, the gates of a gold repository. You're telling me we pay guards and their managers yearly salaries along with climate control costs for a gold repository *just* to foil *how* many gold repository a year? :p > [Lightning network calculations here] I don't necessarily think Lightning network as it exists today is going to be the end-all of layer 2 setups using bitcoin's security as a base- but who knows. As far as I understand it, there's nothing to stop folks from building a 2nd layer protocol where transactions happen entirely on that low power 2nd layer system, with periodic secured checkpoints being written to the base-chain. In this scenario, only people who decide they want to withdraw to layer 1 would even need an address. I *believe* Microsoft's ION nodes for decentralized identity services works more-or-less along these lines.
??? What aspect of Microsoft's ION project did you read about and conclude was made up?
I'm more joking about how *very* incorrect "factoids" get voted up, and any corrections tend to get heavily downvoted without reply in mainstream places like /r/news Worth noting- PoW doesn't *require* anywhere near the energy being applied to it to stay secure, and if power costs cut half of miners out overnight, in general, the systems would continue on. When 2nd layer systems are introduced (like lightning, or ION nodes for decentralized identity), they cost a fraction of a fraction of the electrical costs, but they still benefit from whatever electrical security is being applied at the base-layer. Effectively, 'solid' PoW systems are like a shared-security rental service.
What do you know about Microsoft ION nodes?
#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Pro Arguments > > Reusing my previous entry [from here.](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/) > > ##What is privacy > - Privacy is a [fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights) and the [International Covenant on Civil and Political Rights](https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx). > - Privacy depends on - *but is not the same as* - transparency and security: > - "[**Privacy** is individual empowerment to set boundaries: to determine who can access *what* information about me, *where*, *when* and *for what purpose*.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - "[**Security** is the mechanics of how a network or system stores this information.](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/)" > - Unfortunately, security is often a black box - we cannot control our privacy if there is no **transparency** into how our information is stored and accessed. > - **[Wanting privacy does not mean you have something to hide!](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)** > - As Edward Snowden explained, "[Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.](https://np.reddit.com/r/IAmA/comments/36ru89/just_days_left_to_kill_mass_surveillance_under/crglgh2/)" > - Governments and companies are not transparent about what information they collect - so how do you know if you have something to hide in the first place? > > - [Irrelevant information may be used to discriminate or oppress](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3327646). Or there may be [errors in the collected information, which is common in the justice system](https://www.aclu.org/blog/national-security/secrecy/you-may-have-nothing-hide-you-still-have-something-fear). > > - Do you trust the government has your best interests in mind when they have [secret programs to collect citizens' data in bulk](https://www.wyden.senate.gov/news/press-releases/wyden-and-heinrich-newly-declassified-documents-reveal-previously-secret-cia-bulk-collection-problems-with-cia-handling-of-americans-information)? > > - On the corporate side, [**surveillance capitalism** monetizes private human experience - especially metadata that "aren't required for product and service improvement"](https://nymag.com/intelligencer/2019/02/shoshana-zuboff-q-and-a-the-age-of-surveillance-capital.html). > > - [The extensive collection of our personal data has a 'cooling effect' on free speech and social behaviors.](https://www.socialcooling.com/) > > ##Privacy and crypto > - Privacy is a central tenet of **crypto**currency - a financial system using cryptography to promote self-determination. Privacy is at the core of cryptocurrency's [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) origins: > > >"[We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money](https://www.activism.net/cypherpunk/manifesto.htm)". > > >"[Privacy and anonymity are the most important aspects of electronic cash.](https://bytecoin.org/old/whitepaper.pdf)" > > - Blockchains boast security and transparency - they "[empower users to decide which data they are willing to share, and with whom.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - However, most blockchain networks today - with the notable [exception of Monero](https://np.reddit.com/r/CryptoCurrency/comments/og15vb/rcryptocurrency_cointest_rcc_top_favorites/h4pk7q4/) - are not private by default. > - Bitcoin is pseudonymous: "[the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > - Blockchain analytics firms ([like Chainalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > > - But even if you don't transact with a private by default chain like Monero, there are [steps you can take to better preserve your crypto privacy](https://bitcoin.org/en/protect-your-privacy). Additionally, it's important to recognize the limitations of true anonymity: > > >"[no one-size-fits-all solution exists. Moreover, privacy is never a static thing but evolves continuously and in response to the battle between those who build tools to protect privacy and those who build tools to destroy it.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Crypto projects are currently hard at work building these tools, with development on privacy centric protocols like [Taproot](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy), [Mimblewimble](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9), [Lelantus Spark](https://firo.org/2021/08/24/presenting-lelantus-spark.html), [Halo 2](https://electriccoin.co/blog/announcing-zip-224-bringing-halo-2-to-zcash/), and [zk-SNARKs/zk-STARKs](https://docs.ethhub.io/ethereum-roadmap/privacy/). > > - And sometimes pseudonymity is enough. [The legacy financial system is deeply discriminatory](https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/the-racialized-costs-of-banking/) and [has been for a long time](https://en.wikipedia.org/wiki/Redlining). > - Decentralized finance protocols, in contrast, do not discriminate against users looking to create an account, earn yield, or get a loan based on demographic information like race and gender. > > ##We can rebuild him. We have the technology. > > - Blockchain technology offers an improved model over many legacy centralized systems for securely storing, sharing and verifying private data. > > - [Centralized systems have centralized risk](https://en.wikipedia.org/wiki/2017_Equifax_data_breach), while decentralized systems place both control and responsibility in the hands of individuals. Andreas Antonopoulos raised this point in his 2014 testimony before the Canadian Senate Committee on Banking, Trade, and Commerce when he said: > > >"[when an organization such as Home Depot or Target is hacked and they lose 60 million consumer identities, the reason that represents such an enormous impact is because they were storing 60 million user identities in the first place. Instead, if each one of those 60 million consumers had to be individually attacked, targeted, and hacked successfully, the possibility of that happening is much, much lower.](http://qntra.net/2014/10/andreas-antonopolous-testifies-before-canadian-senate-committee/)" > > - Some of the centralized systems that blockchain technology could enhance the privacy of include: > - [Electronic health records](https://hbr.org/2020/06/what-blockchain-could-mean-for-your-health-data), which [are an archaic system](https://www.nature.com/articles/d41586-019-02876-y) susceptible to [data breaches](https://www.hipaajournal.com/july-2021-healthcare-data-breach-report/). > - [Notarization, certification and execution of documents and contracts](http://libres.uncg.edu\/ir/uncg/f/N_Kshetri_Blockchain_2017.pdf). > - [The trust inherent to using cloud storage solutions](http://scet.berkeley.edu\/wp-content/uploads/AIR-2016-Blockchain.pdf). > - [Encrypted messaging](https://decrypt.co/21804/a-blockchain-messaging-app-for-the-truly-paranoid), [given issues](https://www.propublica.org/article/how-facebook-undermines-privacy-protections-for-its-2-billion-whatsapp-users) with [supposedly secure messaging apps](https://www.forbes.com/sites/zakdoffman/2021/01/14/3-things-to-know-before-quitting-whatsapp-for-signal-or-telegram-or-apple-imessage-after-backlash/). > - And lastly, one of the applications I find most interesting would be to [encrypt identity, to push control of identity to the users themselves, enhancing privacy protection by allowing users to manage all of their sensitive, identifying data.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/) > > - Microsoft has been [working on decentralized identity verification since 2017](https://www.wired.com/story/microsoft-decentralized-id-blockchain/), and recently [launched a Decentralized Identifier \(DID\) network \(ION\) on the Bitcoin mainnet](https://www.microsoft.com/en-us/security/business/identity-access-management/decentralized-identity-blockchain). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.
I'm guessing that was just a visual/oracle glitch on CMC as ION's price action is honestly kinda boring recently. Long story short Cosmos blockchain has the ATOM coin and a basic SDK for making whatever kind of blockchain you want. Many original creators/fans splintered off to make their own chains using this system to later hook up to IBC, most notably Osmosis with the OSMO coin. If I remember correctly early ATOM stakers/OSMO stakers got ION just for being around and it's got the basic properties of a store-of-value crypto with locked supply, but they basically just told the community to have at it and make whatever they wanted with ION. It currently does next to nothing but with action ticking up across the whole Cosmos ecosystem it'll eventually do some rad shit.
CMC has made this more confusing because they are listing the ION on the Osmosis exchange as being over $5k
There’s more than one ION token. I read a post earlier where they thought ION from the Cosmos/Atom ecosystem pumped from 4.2k. Sorry for confusion
Just so you know it not the Cosmos ecosystem ION
It probably got confused with an earlier ION that's basically dead and incorrectly combined the two price histories. https://www.livecoinwatch.com/price/ION-ION
8 million percent ?! I wanted to buy 10 cryptocurrencies for for $500 each, ion would have been one of them. 😭😤😫 I need to increase my med dose I’d have over 2 million now. And I’m unemployed!!!! 😢 almost crying right now https://finance.yahoo.com/quote/ION-USD?p=ION-USD&.tsrc=fin-srch