Deep Onion and The Quest To Reclaim Privacy In America
Every time the issue of privacy coins is brought to light inevitably there's someone who pipes up claiming that only criminals would need to hide their money. Is that really true though? In many countries, but especially in America, a shift has been slowly happening. With the advent of social media and promises of "protection" from government officials and authority figures, our privacy has slowly been stripped away from us.
For the most part, the general public has been compliant. Mostly due to their belief that since they are not criminals that these changes would not effect them personally, and the belief that these sacrifices would somehow aid in their safety. It seems now though that many people are slowly starting to see that they were wrong about this. As every institution imaginable begins to share your private data in frightening ways many, including myself are looking to batten down the hatches, but is it too late?
You may be surprised at how little it takes to arouse suspicion. Withdrawing over a certain amount of money (or even depositing it) out of the bank is enough to trigger a review. No matter what it is actually intended to be used for. Many small business owners have found this out the hard way. While this law has been in place since the 1970's it's gotten progressively worse since then, fueled by our government's relentless search for data. The bank can question you on the uses of such money. They will report these transactions to the government as well who are free to spy on you and your purchases through banks or credit card statements, picking through your private life as they please.
If you thought you could get away with withdrawing smaller amounts to protect your privacy you're also wrong there. It is a crime to make "structured withdrawals" to avoid bank reporting, and you'll most likely be reported by the bank anyway for the "suspicious activity" of using your own money. As the gentleman in the above linked article found out you can be convicted even if the money was not used for any illegal activities.
The media has tried to beat into us for years now that terrorists are everywhere, and that this type of government intervention is what it takes to put a stop to it, but how successful is it? In case you are somehow unaware, in addition to your bank account your phone records are also not safe from government meddling. The NSA is very interested in your life, but it seems they haven't actually achieved anything there either. How about the TSA they're doing a good job right? Nope, they failed 67/70 tests Homeland Security conducted. Looks like they browsed through your phone and gave you that frisking at the airport for nothing.
It's clear that many people all over the world are fed up with this intrusiveness, but until now we didn't have a solution. The blockchain looks to offer freedom, decentralization, and privacy in a world that has long since abandoned those principals, and to many it's a shining beacon of opportunity. Not every chain is created equally though. Bitcoin transactions are famously traceable. Every instance is recorded in the ledger to the point where any average Joe could piece together where money was coming and going without much effort. So, where does one go when they truly want privacy? Deep Onion.
Deep Onion is a privacy focused cryptocurrency. Using it you can easily send highly secure transactions involving money or even messages across the TOR network from a wallet on your desktop. Confirmations are instant, and I'm pleased with how quick transactions can be completed with Deep Onion. In addition to using the TOR network Deep Onion also utilizes OBSF4 to obfuscate any data sent to help hide your traffic.
While these days, it seems that everything is an ICO that you must verify your identity to participate in and be forced to purchase into. I'm happy to report that's not the case with Deep Onion. Its combination proof of work and proof of stake protocol, and the weekly airdrops offer a more fair system for distributing coins to the community.
While most people attribute privacy to a want for criminal activity that is not the case. Privacy also helps a network excel in the realm of security. The Deep Vault program allows security for legal documents and files. Users are able to store and verify these files using credentials to ensure against any tampering. This is important to ensure the security of all machines accessing these files. One of the most attractive points of Deep Onion though is that it makes privacy accessible to anyone. The wallet is just easy to use. It automatically connects you safely via TOR, and there's nothing to set up. In fact, even someone with very little knowledge about technology could use Deep Onion to make themselves safer online, and to store their money.
How can you, the average Joe use Deep Onion though? How about protecting your private and financial data? While government spying sucks, you still have worse to worry about unfortunately. The US reports over 12 million cases of identity theft every year. Aside from malware and logging of passwords there are many ways people can steal this data. Many times it's often leaked from business or institutions where people believed their data was safe! The hack of Apple's iCloud famously lead to the release of many celebrities private data including their private photos. I'm sure they all thought their data was safe there until it wasn't. What other data could be stored on databases like these? Credit card numbers, home addresses, phone numbers, social security numbers?
What if instead you paid with a privacy focused cryptocurrency like Deep Onion to protect your valuable information from scammers and hackers. What if someday you could submit documents like employment or loan applications that might contain sensitive data via secure, encrypted TOR file transfers to prevent somebody opening a credit card in your name. To me, the public view on privacy coins is very narrow, and I see them being used for many purposes in the future.
In ten years I think everyone will be using them, and I think we will all be much more protective of our private data once we have the option to tell financial institutions, businesses, social media, and even the government that we are not okay with the way that they have been abusing our identities. When you get to that point Deep Onion is here, and ready to lead the charge.
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