this >>
one leaked wallet = your entire history everyone you've ever transacted with and frontier AI is getting better at linking pseudonymous networks every day.
Ghoste was built for this, one time wallets so there's no chain to trace in the first place
what people dont get about transparent chains is that the lack of privacy is an insanely dangerous network effect if not mitigated ASAP
you might have 10 pseudonymous wallets onchain
now assume that you slipped up just once and leaked information via a CEX or a chat (or even just your friend did and told the CEX a wallet belongs to you. Canada and EU ask for this information)
someone can now link you to those 10 wallets and see everything you've ever done
but what's worse is that they also know all the wallets you have ever interacted with whether friends or other txs
so now there's an entire network of linkage to you AND your counterparties and hence also THEIR counterparties indefinitely into the past and the future
as more people come onchain, such networks exponentially increase in size and there becomes an abundance of information linkage
combine with this the fact that frontier AI models have already shown to do positive analysis on pseudonymous networks and unstructured data and you have a financial system where you can not do anything without being watched
this is even worse than the existing system because i) you have cash, ii) your accounts across different banks, especially across different jurisdictions, would require a ton of paperwork to get permission to (and many jurisdictions won't even allow it)
but in crypto, it's infinitely easier, since they are open networks
the longer that privacy is not enacted with force into crypto, the worse this gets
the time to act is now