This special video from the #hack_a_pills series is split into two parts and logically explains when a system has privacy and when it does not. Technical definition of privacy - Part 1 It’s important to differ from the moral intentions of a system, e.g., a specific website should not disclose that you have an account there, from the technical feasibility of the system, e.g., anyone can try to create an account with your email and check if you already have one. A system is technically private whenever it’s not possible to extract information that should not be extracted, and vice-versa. Check out the complete video: youtube.com/watch?v=aaa7LTwU…

#HACK_A_PILLS Privacy is not a single concept, but it does relate to the leakage of information that could lead to gains/losses, be it legally, morally, or economically. Let’s not get more confused! Check out the complete video: youtube.com/watch?v=aaa7LTwU…

#Hack_a_Pills In economic terms, privacy relates to information asymmetry that leads to financial gains or losses. If I have inside trading information, I could move the market for my own benefit, even though the information should be kept private. In the context of blockchain, this arises especially with MEV, but different data leakages lead to economic gains and losses in the ecosystem. You can check the full video at: youtube.com/watch?v=aaa7LTwU…

#Hack_a_Pills - Moral Concept of Privacy Privacy can be seen through different lens. In the legal context, privacy relates to what should and what should not be private according to the law. Tornado Cash is a notorious case in which a private system was not legally accepted - and this is not a moral conclusion, just a legal one. Check out the whole video: youtu.be/aaa7LTwU3Qs?si=itQ7…

#Hack_a_Pills Privacy can be seen through different lens. In the legal context, privacy relates to what should and what should not be private according to the law. Tornado Cash is a notorious case in which a private system was not legally accepted - and this is not a moral conclusion, just a legal one. Check out the whole video: youtu.be/aaa7LTwU3Qs?si=itQ7…

🔐 Privacy is considered by many in the web3 community as a fundamental value and one of their main concerns with current blockchain technology. A lot has been written and many products have come out of our search for a privacy-preserving blockchain. However, a lot of confusion exists about what privacy represents, and often legal, moral, and technological definitions are used interchangeably. In this thread, let’s learn about the different legal, moral and economic concepts of privacy described by @jasso_hack at the article we posted this week 👇

Opact Wallet is the second version of Hack-a-Chain's attempt to create an application that can provide privacy for blockchain users, while still preventing malicious activities such as money laundering and terrorism financing.