• @Knock_Knock_Lemmy_In
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    12 days ago

    The data on the blockchain is not private.

    However data can be encrypted before it hits the blockchain and it can also be cryptographicly manipulated in ways that remain private.

    • @atempuser23
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      12 days ago

      At it’s core the block chain encourages verification. doing extra steps to maintain privacy is not the same as system that is private. It’s like saying cell phones are private if you buy a burner phone with cash. Technically well but not by design.

      • @Knock_Knock_Lemmy_In
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        32 days ago

        Agreed. Privacy on the blockchain is an optional extra. On newer generations the option exists by design.