Crypto Privacy: Governments Versus Individuals
by Marvin Dumont
Do you receive a ton of spam emails? Most people do.
In the U.S. it’s illegal to send these. But the spam we receive reflects the government’s failure to stop the annoying practice and to protect our sensitive data. Bureaucrats have had 15 years to stop it (a law was passed in 2003), yet they’ve failed to do so after spending a fortune in taxpayer dollars.
We’re supposed to trust bureaucrats to do the right thing when it comes to our privacy and financial matters. The reality though is that most agencies have a poor track record. And too many bureaucrats don’t care enough — being satisfied with collecting guaranteed paychecks that don’t motivate them to be effective.
Regulators use public safety as rationale for their intrusion into our private lives. But this is a risky proposition.
Governments have the muscle, resources and expertise to stop organized crime without having to cast a dragnet on an entire society. Secondly, tracking tools can compromise sensitive info of law-abiding citizens, and such info can fall into the wrong hands.
Governments around the world have grown their power immensely. Unfortunately, tyranny is one corrupt official or agency away from manifesting itself unto millions of people. Institutions should serve people — not the other way around.
The U.S. Department of Homeland Security (DHS) is currently looking for ways to monitor and track privacy-focused cryptos. A recent solicitation document cites Zcash (ZEC) and Monero (XMR) as privacy coins. “While these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature.”
Let the tech arms race begin.
About Apollo:
Apollo all-in-one privacy currency (APL) has fixed supply and 0% inflation. It combines all mainstream features in an unregulatable platform. APL is also one of the fastest cryptos anywhere with 2-second block speed.
With the launch of Olympus Protocol 2.0 APL offers the best privacy in the industry by obfuscating your physical location and transaction details. (See announcement and YouTube video.) A forthcoming 3.0 version will add more privacy tech such as Advanced IP Masking, Private Ledger, and Decentralized Exchange.
By combining encrypted-data IP Masking, people who live in restrictive jurisdictions such as China (where Tor is blocked) can still transact using Apollo.
Check out our listing on CoinMarketCap.
“When the people fear the government, there is tyranny; when the government fears the people, there is liberty.” — Thomas Jefferson
