this post was submitted on 21 Mar 2024
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Privacy

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[–] tooLikeTheNope@lemmy.ml 21 points 7 months ago* (last edited 7 months ago)

Consumers payments deserves their privacy, but business ones needs absolutely to be fully traceable.

Could it be possible to use two different yet identical interchangeable currencies, one traceable for making business only, and one untraceable for consumers retail transactions?

loosely i.e.

  • wages are Business currency converted and paid in Consumer currency, accounted for the amount paid to the consumer in his name
  • end-users/home/consumer purchases are made from consumers anonymously in Consumer currency, and this is converted converted into Business currency upon transaction, keeping only the consumer name anonymous but tracing everything else
  • B2B transactions are made in Business currency, fully traceable

... I don't know there is probably still a loophole