The conversation around privacy has come under intense scrutiny, and crypto industry is losing the battle. It must step up and educate people on the benefits of privacy, argues treyditto
“While there’s universal agreement that Congress needs to do more than talking — specifically, setting rules around the collection and use of consumer data — action has remained elusive.”Americans are increasingly frustrated with Big Tech, and trust in government is at an all-time low. There’s an opportunity to drive a wedge and tap into those feelings, while at the same time striking a “privacy first” narrative that empowers Americans to seek out protections on their own.
The common denominator of these attacks is that they take crypto’s privacy strength — its breakthrough development as an almost impenetrable means to shield the identity of its users and their financial information — and position it as an extreme negative. The implication: privacy projects are designed as a tool for drug dealers, suspicious transactions, and avoidance of law enforcement, regulators and tax collectors.
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