BlogAug, 2021


The Battle of Anonymity in Blockchain and why is that a good thing

It's Pseudonymous not Anonymous 

Sending and receiving cryptos is similar to writing anonymously.

If an author's pseudonym is ever linked to their identity, everything they've ever written under that name will be linked to them as well.

Your pseudonym is the address to which you receive coins. Every transaction that involves the address is recorded in the blockchain at all times. If your address is ever linked to your identity, every transaction will be linked to you. That's why blockchain transactions are entirely traceable, even through aliases. 

Why do crypto users prefer to hide behind a mask? 

Blockchains operate as a trustless, anonymous middleman for objective transactional acts, bringing wealth transfer back into the hands of individuals and away from a centralized authority.

This has, predictably, stepped on the toes of some countries' authorities and governance. To make matters worse, supporting this technology may be misinterpreted as a stance against one's native country, putting one's image in danger. Some are listed as illegal and cited for treason. So, where does that leave us?

The Language of Pseudonym

The choice to adopt an alias or pseudonym while using the internet — a digital profile with no ties to your real-world identity, often further masked behind a VPN — is a fascinating phenomenon that has emerged over the years in blockchain culture. As a result, a weird phenomenon has emerged, in which the most reliable information now comes from animal avatars or obscure anime references. 

It would appear unreasonable to an outsider, or "normie," to seek knowledge from people who do not have some type of real-world verification. However, an increasing number of people believe your real-world identity days are numbered.

Here's why this might be a good thing:

Giving everyone a voice

In instances where people can develop a reputation around their online alias, independent of their real-world reputation, pseudonymous profiles are extremely useful. In comparison, it is more useful to use an alias in more speech-restrictive countries; the clear benefits of separate reputational personas may not be as relevant in Western cultures where freedom of speech is a norm. The concept of an alias can help voice the voiceless. 

End the social media comparison

Social media has always been hyped about projecting to be someone you aren't in real life; on the flip side, aliases are about being yourself without using your real identity. Social media has also been linked with the constant comparison pressure, leading to loneliness, depressive symptoms, suicide, lethargy, and social anxiety. Why choose something bad for messing with your mental health and well-being. 

The term autists

The use of the term autist is an interesting and informative observation seen in crypto culture. This slang term is a reinterpretation of the standard meaning of autism. To label someone an autist in crypto has typically positive connotations, reflecting the new social structure that blockchain culture affords. 

This new definition of autist relates to objective thinking that is unconcerned about social norms. Online personas add a layer of anonymity to real-world social encounters, which can help to reduce intimidation and bias. This can help folks who are usually marginalized for their traits. 

A defense mechanism 

The capacity of blockchain technology to provide complete anonymity is a unique and revolutionary feature. Blockchain transactions are encrypted and stored on many devices or nodes worldwide, protected by a complex private key function. Even though these exchanges are public, it is practically hard to identify the person behind them.

From freedom of speech to freedom of self

Since the development of government-regulated political correctness, freedom of speech has been under attack. An online persona frees you from the constraints of societal norms. The possibility of being labeled an outcast vanishes when there are no identifiable human users. Once an outcast, this security allows autists to demonstrate their untapped potential on a large scale. 

Using an online identity also adds a layer of security between a user's dealings with the outside world and the value they've placed in blockchains.

Closing Thoughts

Traditional norms have never been important to blockchain societies; they never needed to be. One of the most amazing aspects of math is that it is the universal language. It is impossible to use social prejudice to establish that math is erroneous. If something is correct, it is correct regardless of whether or not someone agrees with it. This has been an unstated ethos of blockchain technology since the beginning. 

Pseudonyms will help remove the world bias and will offer the same opportunity to everyone regardless of their race, color, gender, social standing - isn't that what we want?