The Right to Bitcoin Privacy with Max Hillebrand - WBD548
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 1 September 2022
⏱️ 80 minutes
🧾️ Download transcript
Summary
Max Hillebrand is an economist and open-source entrepreneur who runs Agora Towards Liberty. In this interview, we discuss the release of Wasabi Wallet 2.0 that he has been contributing to, the importance of CoinJoin, providing easy privacy for everyone, and why the personal risks of facilitating privacy are worth it.
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Every year increasing volumes of personal digital data are being leaked. As the general public doesn't perceive the impacts to be immediately damaging, there is insufficient consideration for the risks posed by this creeping encroachment on privacy. But, it is the replacement of cash by digital currencies that is causing privacy advocates real cause for concern.
Removing people's ability to transact is perhaps the most potent means of control outside of internment. Monitoring and censoring personal transactions by both private institutions and the state is becoming increasingly common. As we saw in Canada, the temptation to use such draconian measures can be too much for governments of all persuasions to resist.
Bitcoin's censorship resistance is therefore the right tool at the right time. However, maximising the privacy utility of Bitcoin requires certain practices to be adopted by the user, and the application of the right tools. CoinJoin is one such practice, which re-establishes Bitcoin's fungibility by breaking the traceability of UTXOs. The issue to date has been that such a technique requires reasonably advanced technical skills.
This is where Wasabi Wallet 2.0 seeks to help. It comes with CoinJoin as an automatic built-in function. Privacy as standard. This is a potential game-changer: privacy is obviously easier to maintain when more people are able to remain private.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | It's seriously a matter of life and death. |
| 0:05.0 | Again, like humanity cannot survive under tyranny. |
| 0:09.0 | Like it just dwindles away and dies. |
| 0:12.0 | And yeah, it's a really important fight like if we lose this one |
| 0:17.6 | we're screwed the future is going to be substantially different |
| 0:21.4 | substantially different and not in a good way at all. |
| 0:24.0 | Hello there, how are you all? |
| 0:26.0 | Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, |
| 0:29.0 | the only place I am using for buying Bitcoin. |
| 0:31.0 | I'm your host, Peter McCormack, and today I've got Max Hillibrand back on the show, Max is from |
| 0:35.7 | Wasabi Wallet, and we're going to be discussing the importance of Bitcoin privacy. |
| 0:40.0 | Now I recorded a show with Max Back in 2020 talking a little bit about |
| 0:44.8 | Bitcoin privacy and after that show I tried out was Arby and got totally lost. I |
| 0:48.8 | didn't even manage to coin joint anything and so I sent a load of feedback to the team on what I thought |
| 0:54.4 | was confusing about the uX and I just didn't understand it. So Max and the Wasabi team |
| 0:59.0 | went away, built version 2 from the ground up and they did this with everyday Bitcoin is a mine like me |
| 1:05.0 | so to test it out I actually did my first ever coin joint live on the show but to be |
| 1:10.4 | honest Max tricked me and you'll see that in the show but after that we get into the importance of privacy and why Max is up for the fight |
| 1:17.0 | So if you got any questions about this or anything else you can email me my, hello, of what Bitcoin did. |
| 1:23.2 | dot com. |
| 1:24.0 | So we're gonna do my first ever coin drawing. |
| 1:29.8 | That's lovely. |
... |
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