Please don’t auto downvote before reading.
A little bit ago some asked a question about why the hate of the blockchain, and that got me thinking if there even was a legitimate use case where the blockchain would be beneficial, but I couldn’t think of one outside maybe some sort of decentralized bank, but before I knew I was thinking it would instantly turn into some crypto scheme and strapped it, because crypto currencies are a scam on every level – and no they aren’t private or secret as some think either.
So I wanted to ask the community. Instead of using the blockchain for crypto, is there a better use where the blockchain could benefit society?
Private transactions, despite what people here are saying. Let me explain:
Privacy is not equal to anonymity. The latter is much harder to achieve.
There is Monero, a crypto made specifically for anonymity. It’s not very convenient to use, but it is preserving anonymity with multiple measures.
Even Bitcoin, which is not built for that purpose, is private enough. It depends on how you use it.
Deanonimization in general happens when you link your transaction with personal identifying information, but you can reduce your exposure by following certain opsec rules. I see this situation is better than traditional banking where your transactions are always not anonymous, and privacy is only protected by the bank itself. Data leaks happen, governments can get to your transaction info via legal means, but with crypto you have more options to protect yourself.
I strongly advocate for the exclusive use of Monero and even sell physical items shipped to your home with Monero directly. For this exact reason.