Central authorities have demonized privacy — Crypto projects must fight back
Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not everyone would view this as a good development.
The unfamiliarity, uncertainty and public intrigue surrounding privacy — including its complexity, misuse and speculative activity — presents a number of challenges and reputational issues for innovating crypto projects. While a core tenet and source of pride among crypto projects such as Zcash, privacy has been demonized by those in power, including lawmakers, regulators, banks and academics.
Trey Ditto is the founder and CEO of DittoPR. Trey is a former Associated Press journalist and former deputy press secretary for U.S. Education Secretary Margaret Spellings, in addition to being one of the crypto industry’s leaders in communications.
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