In right now’s roundup of crypto chatter, Jonathan Silverblood responds to Amaury Sechet’s privateness issues with Cashaccount. Erik Voorhees defends Brian Armstrong from criticism on the latter’s 10 yr Bitcoin anniversary tweets. Additionally, Nikita Zhavoronkov congratulates Bitcoin for creating 1 billion outputs on the BTC blockchain.
Additionally learn: The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses
Amaury Sechet’s Privateness Considerations With Cashaccount
Bitcoin ABC lead developer Amaury Sechet took to Twitter lately, proclaiming that the brand new BCH-powered alias-address system Cashaccount can be a privateness catastrophe. Surprisingly, Cashaccount creator Jonathan Silverblood agreed with Sechet, because the founder believes his undertaking will result in extra BCH customers reusing Bitcoin addresses. This is able to be unhealthy for privateness, as reused addresses can be utilized to find monetary data that customers could not want to disclose.
I agree – it would undoubtedly enhance the variety of folks that can reuse addresses.
Maybe you possibly can spend a while and assist get these stealth keys that @ChrisPacia was engaged on extra extensively supported, or assist progress the BIP-47 assist?
— Jonathan Silverblood (@monsterbitar) January 3, 2019
To resolve the potential lack of privateness, Silverblood requested Sechet to collaborate with Openbazaar developer Chris Pacia on stealth keys, or to help with the event of BIP-47.
Nonetheless, different commentators like Crypto Pelé weren’t as involved with a scarcity of privateness. Pelé pointed out that some BCH customers are positive with the transparency that comes with reusing addresses.
Erik Voorhees Defends Brian Armstrong From Criticism
To commemorate Bitcoin’s 10th yr anniversary of the Genesis Block, Coinbase CEO Brian Armstrong posted a sequence of tweets reminiscing how he first acquired into bitcoin.
1/ At present is a giant day for Bitcoin, because it marks 10 years because the Genesis Block. Some folks assume I don’t like to speak about Bitcoin (😀), however right now I’ve a couple of phrases to say
— Brian Armstrong (@brian_armstrong) January 3, 2019
Within the thread, Armstrong recounts studying the Bitcoin white paper in 2010 and turning into obsessed about Bitcoin for the following 6 months. He started constructing a bitcoin pockets for Android gadgets as a facet undertaking, however then pivoted to a hosted pockets and a customized Bitcoin node. After securing funding from Ycombinator, Armstrong began engaged on his enterprise thought full time and settled on the corporate title Coinbase. He then ended the tweet-storm on a constructive notice, boldly proclaiming that he has “by no means had extra conviction” on the way forward for cryptocurrencies.
Not everybody responded positively to Armstrong’s tweets. Commentator Simon Moon referred to as Armstrong out for being a pretend libertarian, arguing that Coinbase is a government-backed monopoly.
Hah… as if their enterprise simply “appeared” and had a moat of regulation round it. The regulation isn’t their fault, and so they need to stroll a really delicate line. But thousands and thousands enter the ecosystem due to the instruments (learn: bridge) that CoinBase has constructed.
— Erik Voorhees (@ErikVoorhees) January 4, 2019
Shapeshift CEO Erik Voorhees rapidly stepped in to defend Coinbase’s CEO. Voorhees identified that regulation was not Coinbase’s fault and that Coinbase has helped introduce thousands and thousands of individuals to cryptocurrency.
1 Billion Outputs on the BTC Blockchain
Blockchair lead developer Nikita Zhavoronkov additionally took to social media to want Bitcoin a cheerful 10th birthday. Whereas many congratulated Bitcoin on it’s Genesis Block, Zhavoronkov took the chance to congratulate Bitcoin for creating 1 billion outputs on the BTC blockchain.
Not solely it’s the 10th Bitcoin birthday right now, but additionally a brand new landmark has been achieved — now there are greater than 1 billion outputs created on the Bitcoin blockchain (see https://t.co/bKMI1xgYsf for stats) — what an fascinating coincidence! pic.twitter.com/jeWJwLkVQ1
— Nikita Zhavoronkov (@nikzh) January 3, 2019
What do you consider privateness points surrounding the Cashaccount’s identification system? Tell us within the feedback under.
Photographs courtesy of Shutterstock.
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