Why do we need stealth when you can just create and claim into an anonymous account?
Stealth funds need to go back into a visible account to be tradeable anyway.
And the people who really want to spy you have *plenty* of other ways to find out what you're doing.
But hing the amount and not showing involved parties at all is considered WAY
better privacy.
This has a higher priority than say, MAKER, only because the cash is on the
table, right? If we put up more bids/depth on the MAKER market than the STEALTH
market, would that be enough for CNX to reconsider priorities? If MAKER had just
13M BTS in bids, that's $45k right there.
Great observation.
What the MAKER speculators may not know is that the STEALTH proposal is VERY
VERY important for the Fee Backed Asset idea. even though they are independent
proposals (BSIP7 and BSIP8), creating and issuing a FBA under a STEALTH/PRIVATE
account is very important for regulatory reasons!!!
Otherwise people that want to innovate and have t funded via FBA might run into
legal trouble quickly. Read BSIP7 for more details about it.
Finally, on an ideological note: we've never seen a true global free market, and
we have no idea where it will lead society. It could be really good, it could be
really bad. I posit that stealth is only desirable because of
short-term/reactionary fear. And when people act out of fear they make
bad (I mean truly horrible) decisions.
The Stealth proposal is not only about hiding funds or transfers or privacy. It
is also about making sure not to run into regulatory issues and let more
innovations enter the system more easily.
Aah... good point., I forgot that this was sort of a prerequisite for some FBA's. BSIP7 is helpful, thanks. I now understand that even if MAKER doesn't depend on STEALTH, there might be other important/interesting FBA's which could only be released in a 'counterparty-free setting'.
So why not just make a work proposal for FBA only, but made a proposal with 45K$ Graphene-STEALTH-GUI in high priority in a same "package" and which
changes the under protocol of STEALTH feature?
1. Anyway, people are already able to do stealth transfer via CLI wallet NOW, although the feature is not currently perfect. Who has big money and wants to keep privacy may be willing to learn how to use CLI, or has a technician help her.
2. If current proposal get approved, users of other GUI products (e.g. moonstone) would have to pay to OnceUpon for using STEALTH feature, but it's likely that OnceUpon won't fund all GUI products for the same feature.