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anonymity

Crypto’s privacy/commingling dilemma

Abandoned panopticon prison in Cuba [ source ] [This is a re-post of an article originally published last week at the AIER's Sound Money Project…

DeFi needs more secrecy, but not too much secrecy, and the right sort of secrecy

[Below is my contribution to CoinDesk's Privacy Week ]  The Privacy That DeFi Needs to Succeed The transparency of blockchains is often marketed…

Tornado.cash and money laundering

All Ethereum transactions can be tracked. But there is a neat little tool that lets you remove this traceability: Tornado.cash . Alice submits her Et…

MasterCard as censor

Governments have incredible powers to dictate what people buy online. By virtue of being oligopolies, the two payments networks -- MasterCard and Vis…

A short and lukewarm defence of anti-money laundering standards

These days it seems that everyone is a critic of anti-money laundering rules. In this post I want to try and defend our current approach to anti-mone…

The ECB's digital euro: anonymous or not?

The European Central Bank (ECB) recently published a report that explores the idea of introducing a digital euro for use by the general public. Th…

How the pandemic has clogged the global economy with paper currency

The outbreak of Covid-19 has caused a global increase in the amount of cash in the economy. I think I've got a pretty neat explanation for why. B…

Why Fedcoin

Six years ago I wrote a blog post about Fedcoin. Fedcoin is a type of central bank digital currency, or CBDC. (I called it Fedcoin at the time, but …

What happens when a 96 bitcoin ransom payment ends up on Bitfinex?

"Hello, to get your data back you have to pay for the decryption tool, the price is $1,200,000... You have to make the payment in Bitcoins."…

The Watergate banknotes

Cash isn't quite anonymous, it's anonymous-ish. To illustrate this, a few years ago I wrote about the 1932 Lindbergh kidnapping case. The ra…

A way to make anonymous online donations

Paying for things online usually means giving up plenty of privacy. But this needn't always be the case. Last night I donated to a local charity …
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