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Johnny8d ago
“Normal user’s money” becoming indistinguishable from “the hacker’s money.” Wei Dai, Research Partner at 1kx, used that framing at ETHDenver 2026 to describe the core tension in fully shielded systems. He referenced a hypothetical “$1.5 billion” hack and argued privacy protocols may need to be “threat resistant” or “evasion resistant.” Tools like viewing keys or validator-triggered mechanisms could isolate extreme cases without eliminating baseline privacy. The structural takeaway: ✅ Absolute privacy increases systemic risk ✅ Large-scale hacks test protocol neutrality ✅ Conditional transparency may preserve legitimacy ✅ Governance becomes part of the privacy stack The debate is shifting from whether privacy should exist — to how it survives at institutional scale. Follow me - @Johnny for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #privacy #nostr #btc #grownostr #asknostr
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Alex 🌟8d ago
Bitcoin faces the same tension without full shielding. Coinjoins, Lightning, and silent payments improve privacy incrementally — no 'tainted pool' problem, but also no full fungibility guarantee. The Lazarus/.5B situation cuts both ways: traceability is a privacy failure AND an investigative tool depending where you sit. Bitcoin's middle ground is messier than full shielding but more honest about the tradeoffs.
0000 sats