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From: Stephen Pair <stephen@bitpay.com>
Date: Mon, 3 Dec 2012 11:18:27 -0500
Message-ID: <CADb9v0+WiNiZcnLN-BUOKK6wwSYaV-y0zrVvrPcXMJAd89o3PQ@mail.gmail.com>
To: Mike Hearn <mike@plan99.net>
Content-Type: multipart/alternative; boundary=bcaec54ee8a4e243cf04cff51be3
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Chain dust mitigation: Demurrage based
 Chain Vacuuming
Precedence: list

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On Mon, Dec 3, 2012 at 10:30 AM, Mike Hearn <mike@plan99.net> wrote:

> Second thing, it's best to carefully separate "anonymity" from
> "privacy". Privacy is supposed to be a feature of the system (it says
> so in Satoshis paper) because people demand it. If I loan a tenner to
> my friend and he is able to find out what I earned last month, then
> that trade was neither anonymous nor private. In this case I want
> privacy but anonymity isn't useful. Mixing up anonymity with privacy
> is not only a public relations problem, but can lead to confusion from
> users when they, eg, try and buy Bitcoins from an exchange and are
> asked to provide ID proofs.


I would like to second this point...privacy is essential because the market
demands it.  If Bitcoin doesn't do it well (and I would argue that it
doesn't today), then eventually a competitor to Bitcoin will do it better
and that would be the beginning of the end for Bitcoin.  Debates about
whether it was or wasn't a core feature are pointless.

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<div class=3D"gmail_extra"><div class=3D"gmail_quote">On Mon, Dec 3, 2012 a=
t 10:30 AM, Mike Hearn <span dir=3D"ltr">&lt;<a href=3D"mailto:mike@plan99.=
net" target=3D"_blank">mike@plan99.net</a>&gt;</span> wrote:<br><blockquote=
 class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc soli=
d;padding-left:1ex">

<div class=3D"im">Second thing, it&#39;s best to carefully separate &quot;a=
nonymity&quot; from<br></div>
&quot;privacy&quot;. Privacy is supposed to be a feature of the system (it =
says<br>
so in Satoshis paper) because people demand it. If I loan a tenner to<br>
my friend and he is able to find out what I earned last month, then<br>
that trade was neither anonymous nor private. In this case I want<br>
privacy but anonymity isn&#39;t useful. Mixing up anonymity with privacy<br=
>
is not only a public relations problem, but can lead to confusion from<br>
users when they, eg, try and buy Bitcoins from an exchange and are<br>
asked to provide ID proofs.</blockquote><div><br></div><div>I would like to=
 second this point...privacy is essential because the market demands it. =
=A0If Bitcoin doesn&#39;t do it well (and I would argue that it doesn&#39;t=
 today), then eventually a competitor to Bitcoin will do it better and that=
 would be the beginning of the end for Bitcoin. =A0Debates about whether it=
 was or wasn&#39;t a core feature are pointless.</div>

</div>
</div>

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