Are cryptocurrencies ready to handle large number of transactions?
James A. Donald
jamesd at echeque.com
Mon Dec 25 20:20:37 PST 2017
On 12/26/2017 12:58 AM, Michalis Kargakis wrote:
> Not a ready implementation yet but the mimblewimble protocol solves a
> lot of the scalability issues plagued in other blockchains.
>
> https://scalingbitcoin.org/papers/mimblewimble.pdf
> https://github.com/ignopeverell/grin/blob/master/doc/intro.md
Maybe I am understanding this imperfectly, but this hides how much you
are paying, and thus how much you have, but does not hide whom you pay
it to.
Suppose HHitler create an evil fascist website, and requests donations
in mimblewimble coins.
Let us call the public key advertised on that evil fascist website HHitler.
Ann buys mimblewimble coins on an exchange, using US$, and has to give
her true name and an image of her true face.
Won't the mimblewimble blockchain show that Ann gave an unknown amount
to HHitler, whereupon antifa goes around and kills some girl whose face
superficially resembles that of Ann, and then the judge lets them off as
well intentioned good guys?
As the judge recently let off a black man who killed a white man and
then took his wallet, and subsequently claimed, without racist
inconvenience of actually needing to produce any evidence, that the
white man had called him a n****r
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