Privacy as a human right in crypto: An uncompromising stand




The
following
is
a
guest
post
by
Felix
Mohr,
Co-founder
at
MohrWolfe.
In
an
age
where
our
digital
footprints
are
scattered
across
the
expanse
of
the
internet
like
breadcrumbs,

the
concept
of
privacy
has
become
as
elusive
as
it
is
precious
.
As
we
navigate
the
aftermath
of
COVID-19—a
time
that
has
immeasurably
digitized
human
interactions—our
right
to
privacy
remains
steadfast
amidst
the
winds
of
technological
progress.

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Nowhere
is
the
debate
on
privacy
more
critical
than
in
the
realm
of
crypto,
where
the
very
principles
of
decentralized
finance
are
continually
being
weighed
against
the
scales
of
regulatory
scrutiny.


The
Dichotomy
of
Privacy
and
Public
Chains


Public
blockchains,
such
as

Ethereum
and
its
myriad
of
EVM
(Ethereum
Virtual
Machine)
compatible
chains,
have
made
significant
strides
in
security—fortifying
against
hacks,
shielding
smart
contracts,
and
safeguarding
against
data
leaks.
Privacy,
however,
can
often
feel
like
the
sacrificial
lamb
offered
at
the
altar
of
transparency
and
efficiency.


Decentralization
and
minimal
personal
data
collection
should,
in
theory,
buttress
our
privacy.
Yet,
as
these
public
ledgers
hold
tall
its
banner
of
transparency,
every
transaction
becomes
a
public
spectacle.
We
commend
the
strides
made
for
security,
but
we
must
also
question
if
securing
our
assets
is
where
we
should
draw
the
line
when
it
comes
to
protecting
our
personal,
private
spheres.


Privacy:
A
Human
Right
Facing
Financial
Marginalization


The

Universal
Declaration
of
Human
Rights
Article
12


solemnly
proclaims
“the
right
to
privacy
without
arbitrary
interference”.
Still,
the
irony
persists:
“those
in
the
comfortable
echelons
of
power
grip
tightly
to
their
privacy
while
being
cavalier
with
ours”
.
The
financial
realm
exhibits
perhaps
the
starkest
dichotomy,
where
the
privacy
of
the
elite
seems
sacrosanct
whereas
the
average
citizen
finds
theirs
increasingly
eroded.

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Financial
privacy
is
not
a
rogue’s
charter
but
a
bastion
of
dignity.
Yet,
as
we
linger
in
the
embryonic
stages
of
crypto
regulation,
privacy-focused
coins
stare
down
a
narrowing
precipice—caught
between
the
staunch
advocates
of
financial
sovereignty
and
the
steely-eyed
regulators
demanding
transparency.


Anonymity
Coins:
Will
They
Endure?

Monero,

Zcash,
and
other
anonymity-enhanced
cryptocurrencies
have
captivated
those
who
hold
privacy
in
their
hearts.
These
coins
have
elevated
the
potential
for
true
anonymity
by
offering
what
seems
like
a
sanctuary
in
a
surveilled
world.
Nonetheless,
my
skepticism
about
their
longevity
resides
in
a
stark
new
reality:
the
demanding
due
diligence
that
exchanges
must
now
comply
with
sets
the
stage
for
a
future
where
pure
privacy
coins
might
struggle
to
find
a
home.


The

delisting
of
privacy
coins


from
several
exchanges
screams
of
this
harsh
new
dawn.
A
world
where
compliance
and
privacy
are
pitted
against
each
other,
where
the
pursuit
of
anonymous
transactions
becomes
a
game
of
cat
and
mouse
with
a
regulatory
framework
that
tolerates
no
shadow.


Privacy
Cannot
Be
a
Casualty


As
we
weave
through
the
complex
tapestry
of
crypto
and
privacy
rights,
let
us
reaffirm
human
dignity
and
individual
sovereignty
tenets.
Privacy,
in
every
aspect,
forms
the
cornerstone
of
our
freedom.
To
relent
on
this
front—be
it
out
of
convenience
or
coercion—is
to
concede
to
a
future
where
we
own
nothing,
not
even
the
sanctity
of
our
anonymity.

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The
crypto
community
stands
at
a
crossroads,
defined
by
its
willingness
to
integrate
privacy
within
its
foundational
fabric.
While
we
acknowledge
the
necessity
of
a
framework
to
mitigate
illicit
activities,
we
must
resist
the
impulse
to
cast
away
our
privacy
rights
as
dated
relics.


Instead,
let’s
commit
to
a
future
where
innovation
serves
empowerment
and
where
the
human
right
to
privacy
is
not
just
protected
but
revered
even
in
the
crypto
space.


We
must
stand
firm:
privacy
is
not
a
feature
of
convenience
but
a
fundamental
human
right
that
must
endure,
uncompromising
and
inviolate,
regardless
of
technological
advancement.

Mentioned
in
this
article

Go to Source
Author: Felix Mohr


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