Major blockchain group says Europe should exempt Bitcoin from new data privacy rule
By their very nature, transactions on a blockchain aren’t meant to be deleted but to be recorded permanently. It would also be difficult to stop every place transmitting a Bitcoin transaction. “This is by design,” Andries Van Humbeeck, co-founder and blockchain consultant at TheLedger.be, a Belgium company that provides blockchain-related training and advice, told The Verge. “It’s the basics of blockchain technology.”
Boldfaced emphasis added by me.
That’s the wet dream of everyone with any power: To be able to call up every damned transaction someone has made.
And don’t think just in terms of governments and spies. Employers too. Potential mates, too. Any son of a bitch with the right skills and a determined curiosity.
Not only can someone see where the money is going, and to what, but also ascertain how much money a person might have. Do you really want to be in a negotiating position where the other person can see your financial weakness?
This is nightmarish.
A world without slack isn’t a world. It’s a prison.
That Blockchain Stuff
TV: Who Wants To Be A Bitcoin Millionaire?
TV: Silk Road: Drugs, Death And The Dark Web
Bubble Bubble Virtual Toil And Real Trouble
Not The Fake Money Bubble Bursting Yet
Epic (And Wait For The Epic Crash!)