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RE: The Joy of flashing the STEEM account-value!!
The idea is to increase the trustless nature of the blockchain, right? If you can't see the account values, it is harder (or impossible) to detect fraudulent activity on the blockchain.
Then there is the question: Who determines what activity is fraudulent? It's not an easy one.
I don't know how I feel about this... Privacy is good to have, although these changes may have far reaching ramifications relating to legal issues and the security of the network. I'll have to think about it.
I am not a pet for the current failing systems often referred to as legal, fraudulent, government etc. I am here to support those who change the world, and by that we change governments and we change everything! Julius Cesar does not rule anymore and Rome is famous for its many ruins.
I have created my post here as promised. Good to see @berniesanders getting on board too. Also I have voted for your witness @fyrstikken. Can't believe I had't seen that before.
https://steemit.com/privacy/@simondocherty/time-for-steemit-to-put-it-s-big-boy-pants-on-privacy-matters
More power to you!
I look forward to the day when we stop concerning ourselves with the dictates of some arbitrary government. I realize there are consequences for violating the monopoly of violence to which we are constrained, but tools like this should help us shed those aggressions.
I was thinking along the same line too.
The original idea was that all transaction is transparent and trustless, but censoring the basically the utxo of an account from the explorer brings its own set of issues. Should this really be implemented, does that mean transactions go the way of privacy-centric blockchains like Menero or Zcash? or is it just a simple censor slapped on top of the account value? and if it works like the latter, does it mean anyone who has the copy of the blockchain still able to see all the transaction and the account value? What power would that create?
I apologies if my thoughts and words looks confusing. As you said, we all need to think about it.
You bring up some valuable points. Honestly do not know enough bout it either way for it to matter now.